Stephan Woellenstein is probably about to be replaced as Head of Volkswagen Group China. He apparently failed due to bad timing, unrealistic demands by the company and a difficult market. China's press also took note of sale difficulties at VW.
By Redaktion Table
Digital assets and blockchain-based financial services have the potential to cause a major shift in the global financial world. However, Beijing is particularly concerned about crypto mining due to its high power demand. The leadership is announcing new measures against mining and threatening to raise prices. But Beijing can't quite let go of digital currencies – and continues to allow companies like Huobi to participate in the crypto boom.
By Frank Sieren
Much was already known, but some details are surprising: The resolution of the 6th Plenum is now available online. China.Table provides an overview of key resolutions shaping China's economy and politics.
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