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Chinese carmaker Geely has successfully brought its Swedish subsidiary Volvo on the Stockholm stock exchange. The capital is to flow into the planned restructuring of the brand because Geely's boss, Li Shufu, plans to attack the EV market with Volvo at the helm. The company also wants to be at the forefront of a shift towards new mobility. Another goal is to build an Android-style car ecosystem.
By Christiane Kuehl
Supply bottlenecks, widespread power outages, tech companies under pressure, the real estate sector deep in crisis – the world's second-largest economy is currently experiencing a multitude of problems. Many of them are homemade and can be traced back to the government's lust for control. For President Xi, control is essentially more important than growth. But where does he draw the line?
By Felix Lee