China's Congress has passed the first national data protection law. Beijing has not only recognized the urgency to dry up the black market that has grown around consumer data. The government also wants to clarify the hitherto open questions surrounding dominance in the business with data. Will the authorities prevail against the tech corporations?
By Ning Wang
Millions of migrant workers have flocked to China's major cities in recent decades, contributing to their boom. Now a reverse migration of labor is taking place: workers are returning to the countryside. High living costs in the cities and new jobs in the digital economy allow them to no longer be bound to one place are reasons for this change. Apple is also feeling the effects of this shift.
By Frank Sieren
China's head of state Xi Jinping has proclaimed the fight against inequality. Forty years after Deng Xiaoping's liberal reforms, he sets a new course for the party: against the wealthy, for new opportunities for advancement. In this way, he wants to save the "Chinese dream."
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A theocratic nation as Economic Partner of the Silk Road Initiative? Even pragmatic China finds it difficult to deal with the Taliban in practice. True, the intention was to make the best of the situation, but a Taliban emirate does not provide the necessary environment for safe investment. This is also evident by the failure of existing projects.
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China has bought into ByteDance, the publisher of the video app TikTok – with now presumably far-reaching veto power. The debate over the influence of the Chinese leadership over the popular app is now likely to flare up again.
By Redaktion Table
The Covid pandemic has permanently changed Chinese consumers' shopping habits. But China's core problem remains: Domestic consumption is not sufficient to reliably support the economy. Even the high growth rates recorded by the retail sector over the recent months are not much of help.
By Marcel Grzanna
The number of Chinese "unicorns" is rising. Especially in the Greater Bay Area of the Pearl River Delta, highly valued start-ups find a thriving ecosystem. The US is still far ahead in the number of unicorns. However, China is catching up in leaps and bounds.
By Frank Sieren
US chip company Nvidia will soon have to submit its planned acquisition of ARM to the EU competition regulators for review. The 40-billion deal is also of strategic importance to Germany. And it could fall through because of China.
By Redaktion Table
The defeat of the USA in Afghanistan and the subsequent takeover by the Taliban is observed with malicious glee by Beijing. Washington is called a paper tiger that cannot even defeat the Taliban. But the US stands to lose far more than another piece of prestige.
By Michael Radunski
The August summer break for staff in Brussels reaches its halfway point this week. In just over two weeks' time, the political business will resume in the EU's center of power. The remaining four months of the year still have their work cut out for them when it comes to China policy. The EU still has a number of open issues on its agenda, the CAI and sanctions being just two of them. A look at the to-do list and events after the summer break.
By Amelie Richter
