China's head of state Xi Jinping has proclaimed the fight against inequality. Forty years after Deng Xiaoping's liberal reforms, he sets a new course for the party: against the wealthy, for new opportunities for advancement. In this way, he wants to save the "Chinese dream."
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Millions of migrant workers have flocked to China's major cities in recent decades, contributing to their boom. Now a reverse migration of labor is taking place: workers are returning to the countryside. High living costs in the cities and new jobs in the digital economy allow them to no longer be bound to one place are reasons for this change. Apple is also feeling the effects of this shift.
By Frank Sieren
China has bought into ByteDance, the publisher of the video app TikTok – with now presumably far-reaching veto power. The debate over the influence of the Chinese leadership over the popular app is now likely to flare up again.
By Redaktion Table
A theocratic nation as Economic Partner of the Silk Road Initiative? Even pragmatic China finds it difficult to deal with the Taliban in practice. True, the intention was to make the best of the situation, but a Taliban emirate does not provide the necessary environment for safe investment. This is also evident by the failure of existing projects.
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