In southern China, Archaeologists have discovered the oldest known evidence that a wake included a beer. The 9,000-years-old remains prove that China, which has found its return to a beer nation in recent decades, has a long tradition of barley and rice juice. Once considered a luxury commodity, the People's Republic now consumes twice as much beer as the USA and more than five times as much as Germany.
By Frank Sieren
The shine of China's free-market reforms is peeling off due to constant arbitrary interference by nation and party. And even with Beijing's policy of opening up the country, which it has promised for the past 40 years, no state can be formed upon. This has once again been proven by the low number of foreigners residing in China. The new census counted 845,697 foreigners in the whole country. This equals only 0.06 percent of the population. With its proportion of foreigners, the supposedly globalized People's Republic brings up the rear among all other major nations.
By Amelie Richter
Evergrande's default is emblematic of the systemic problems Chinese real estate groups are facing. For many years, the real estate boom fueled both the country's credit and construction industries. But now the group's shares are falling to their lowest level in six years. Fears of a domino effect are running high.
By Ning Wang
