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Pressure from Beijing: Alibaba places services on Tencent's platform

They are arch-rivals and seal off their platforms from each other: China's tech giants Alibaba and Tencent. But now Beijing is getting serious about the fight against digital monopolies. For better or worse, the two will have to cooperate. Alibaba made the first step and now applied for a mini-program on Tencent's mega app WeChat for its online store Taobao Deals. What does Beijing's action mean for the private platform economy in the People's Republic?

By Christiane Kuehl

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Taiwan: all sides gear up

Taiwan tensions between China and the US are rising rapidly. Both sides are increasing their military presence in the Taiwan Strait. Beijing is pushing into Taiwan's airspace with an ever-increasing military force. But Taipei is also arming itself. Next week Democrats and Republicans in the US Senate will debate a bill that could further strengthen the United States' ties with Taiwan.

By Felix Lee

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Anta – the patriotic sports outfitter

The world's largest sportswear manufacturers Nike and Adidas are plagued by boycott concerns in their China business. Their Chinese competitor Anta Sports, meanwhile, is actively sourcing cotton from Xinjiang. A strategy that could become a problem internationally for the main supplier of the 2022 Winter Games in Beijing.

By Redaktion Table

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Asia emancipates itself from the IMF

The latest update of the Asian financial safety net, CMIM, is another step toward greater Asian financial independence – away from the US dollar and the US-dominated IMF. The CMIM, in which China, Japan, and South Korea play a central role, is being strengthened just as the new US administration under President Joe Biden seeks to revive its influence in Asia. This also plays into China's long-term plans for the yuan.

By Frank Sieren

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China and Russia – new front against the West?

China and Russia are cooperating in many areas – from flourishing commodity trade to plans for a joint moon station to replacing the US dollar as the reserve currency. However, a closer look shows: The supposed affection has clear boundaries – and potential for conflict.

By Michael Radunski

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Limits of Iranian Isolation

Europe, Russia, and China are trying to save the nuclear deal with Iran. Meanwhile, China is already creating facts: It's buying oil extensively and concluding economic cooperation agreements with Iran. This increases the pressure on the Europeans because they don't want to be left out either. But time is pressing. In June Iran will elect a new president.

By Frank Sieren

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Regulations in the Export Control Act

The Export Control Law, which has been in force for about four months, is China's first law in this area. Although provisions existed before, they did not have the law status. Lawyer Sebastian Wiendieck explains the law and the consequences for affected companies inside and outside China.

By Antje Sirleschtov

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Huawei looking for a way out of US trap

Huawei is increasingly finding itself in a predicament. Chinese suppliers are supposed to fill the gap left by the US supply ban on microchips. Until then, the hoarded semiconductor elements will have to do. And if not? Then the survival of the company is threatened, says the acting CEO.

By

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China's rapid steps towards a 'hydrogen nation'

Hydrogen engines have the potential to turn the car industry around in times of climate change. China initially wants to establish the technology primarily in commercial vehicles, trucks, and buses because the tanks can be better accommodated in large vehicles. China is already the world's largest producer of hydrogen, with an annual production of 20 million tons. Much of this is not yet green hydrogen.

By Frank Sieren

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China's new billionaires

No other nation is gaining as dramatically as China in the annual Forbes billionaire rankings. Last year, the number of new billionaires in the People’s Republic rose by 202 to 626. Some of the newcomers to the ranking have made their fortunes with unusual business ideas. A toy manufacturer is represented, as well as a liquor producer and two suppliers of e-cigarettes.

By Redaktion Table