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EU must justify itself: How did the sentence on foundations get into the CAI?

The Comprehensive Agreement on Investment (CAI) contains a single sentence with impact: The wording that Beijing has the possibility of having a say in the appointment of leaders of foreign foundations and non-profit organizations in the future. This sentence continues to cause lasting uncertainty. EU circles are trying to calm things down, but at the same time, they are making it clear that the passage has been agreed upon and that there will be no further negotiations. How the paragraph found its way into the agreement remains vague. Meanwhile, the European Parliament is preparing to formally postpone the agreement.

By Amelie Richter

Feature

Hong Kong: Investment flows despite political repression

In Hong Kong, listed companies enjoyed their best start to a year's first quarter regarding share sales so far. Because after China weathered the Covid crisis well, investors are looking for Chinese assets. The crackdown on the protest movement does not seem to be a factor in this space. Local US investment banks are also hiring massively. Parallel worlds are emerging. The US government appears to have no interest in curbing the inflow of US money for political reasons.

By Frank Sieren

Feature

The Philippines on their way back to Team USA

The Philippines swung towards China under President Rodrigo Duterte. But despite new economic ties, China continues to press islands in Manila's exclusive economic zone, currently at Whitsun Reef. Now Duterte is moving closer to the US again. Verbally, however, the president allowed his ministers to push ahead.

By Christiane Kuehl