Dessert
Anyone who wants to process data of European citizens in China or data from China abroad will have to be even more careful in the future. Otherwise, they could face severe penalties. Two new laws seem to make China more like the EU – but the situation is now even more complicated for companies.
By Falk Steiner
Boycotts against European companies sanctions in response to political positioning: Beijing is increasingly using its economic power as leverage. The EU wants to improve its ability to defend against blackmail in the future. A think tank has now presented concrete proposals on how to make use of a new anti-coercion instrument in response.
By Amelie Richter
In the Chinese Communist Party, the personal network of relationships builds the basis for climbing to a position of power. In past decades, those who made it to the top were either members of the Youth League or representatives of coastal business interests. Head of state Xi has managed to weaken both factions and build his own empire. But the path to the presidency for life is fraught with danger.
By Marcel Grzanna
The Chinese government is working at full speed on the "money of the future" – the digital renminbi. They do not want to leave the field to commercial payment providers and want to retain access to valuable data on payment flows. The US central bank, the Fed, has seen a little rush to introduce an e-currency so far. The ECB, on the other hand, wants to decide on the e-euro this summer but still has some problems.
By Redaktion Table