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China (English)

Heiwai Tang: 'Europe has the market that Chinese companies want'

In recent years, China's industrial policy has led to massive overcapacity in key sectors such as electric cars, solar cells, and robotics. The reason for this is a centrally controlled subsidy model under which local governments want to build up their own “champions” – often all in the same industries, as Hong Kong economist Heiwai Tang explains.

By Julia Fiedler

Zhongnanhai and Beidaihe: Where China's elite decides the future

The imperial lakes around Zhongnanhai and the picturesque seaside resort of Beidaihe are the seats of Chinese power. It is here that Xi Jinping meets with his closest confidants to make decisions that are then merely rubber-stamped at party conferences. A closer examination of the history of these places reveals some German influences.

By Johnny Erling