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In China, art fairs such as the recent one in Shanghai are once again attracting visitors, although due to Covid restrictions they come almost exclusively from within the country. For years, artworks by renowned foreign artists were considered a safe investment by Chinese collectors. But more and more young collectors are now turning to domestic art – and political developments are causing concern in the industry.
By Ning Wang
China continues to expand the usage of its digital central bank currency. With the state-owned e-yuan, Beijing wants to curb the financial power of private companies like Alipay. In the long term, it wants to push the internationalization of the yuan. Central bank chief Yi Gang now revealed the first details of these goals.
By Frank Sieren
Meng Hongwei, China's first Interpol chief, was arrested for corruption three years ago. In an interview, his wife now claims that it was actually all about a power struggle: Her husband had been pushing for change. Beijing responded by arresting him.
By Jörn Petring
Although China’s economy remains on track to post strong growth for 2021 as a whole, its recent deceleration is striking. Reversing the slowdown will require policymakers to reform the ways in which they debate, vet, and implement new regulations and pandemic-control measures.
By Redaktion Table