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China's continuous rise is a cause of growing concern for the West. What is particularly irritating is that this rise has been achieved in a country where a Communist Party has ruled for more than seven decades – without free elections, freedom of speech and press, an independent judiciary, and protection of human rights as we know them. The Party is now celebrating its 100th birthday and is enjoying popularity like never before.
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The prices for iron ore, metals or crude oil keep rising. China is one of the largest importers and consumers of these raw materials. Many companies pass on the increased prices to their customers. Inflation is rising and small producers are perishing from the price increase. The government is beginning to take countermeasures and is throwing strategic reserves onto the market.
By Christiane Kuehl