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China's new digital renminbi by itself will not help the currency to challenge the US dollar's global dominance. Its true significance instead lies in its potential to shift the competitive balance of power between the country's technology giants and traditional banks.
By Redaktion Table
China wants to build a powerful chip industry. In the automotive sector, a chip alliance is supposed to network the entire supply chain. The first partnerships are already in place. Automotive expert Ferdinand Dudenhoeffer expects Chinese semiconductor companies to become global market leaders in five years. In an interview with China.Table he explains why.
By Christiane Kuehl
China is getting past the Covid pandemic. During the May Day holiday, consumer sentiment has, in some cases, surpassed pre-crisis 2019 levels. The development fits Beijing's new economic strategy. But there are also problems: The gaps are growing, not only between rich and poor.
By Frank Sieren
Beijing has passed a law that aims to punish food waste with heavy fines. The main reason is not concern about a food shortage, but the fear of becoming too dependent on foreign countries due to the consumption needs of the growing middle class. China has to import more and more food.
By Frank Sieren