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The impending Evergrande bankruptcy is a major stress test for China's financial system. But the impact on the country's real estate and financial system will remain manageable. There is no risk of a collapse or even a global financial crisis. But the case ruthlessly exposes the weaknesses of the Chinese economy.
By Frank Sieren
China has subsidized the e-car market with the equivalent of 4.3 billion euros over the past five years. However, the subsidies are decreasing per vehicle. They are to be phased out completely in 2023. There are many indications that this form of industrial policy will be successful: The expansion plans of the Chinese carmakers are proof of their conviction of their own competitiveness.
By Frank Sieren