China's official growth target of 5.5 percent for this year appears increasingly ambitious in view of the many domestic and global challenges. With a large-scale stimulus package announced at the end of May, Beijing nevertheless intends to stay the course.
By Redaktion Table
Global risks create new challenges. Inflation, food shortages and energy supply, which is being redefined by the Russian war in Ukraine, are closely intertwined and mutually reinforcing. These risks also recently occupied the World Economic Forum in Davos very intensively. That's good, but: It seems that the long-term climate goals of the global community have been lost in the fog of war, and that is by no means in Beijing's interest.
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Contrary to the prevailing narrative in the West, cooperation with China has been the rule rather than the exception for decades, according to Paola Subbachi, professor of international economics at the Queen Mary Global Policy Institute at the University of London. However, should G7 leaders decide to make "core values" the basis of international cooperation, this could well change.
By Redaktion Table
Billionaire Wang Jianling wanted to compete with Hollywood and promised to build the most technically advanced and largest film studios in the world. Qingdao was to become the Chinese Cannes. Not much came of it. Nevertheless, many believed in him.
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Hong Kong law professor Angela Zhang sees the authorities' efforts to discipline Chinese tech companies as "clumsy and very costly." The sometimes opaque regulations of the past 18 months in particular have unsettled the tech industry and investors. Beijing's proposal to chip in with "golden shares" doesn't improve the situation either. Zhang explains where the sticking points lie.
By Redaktion Table
Semiconductors are among the core commodities in global value chains. Without these small microchips, neither cars nor game consoles or smartphones could be manufactured nowadays. The major industrialized nations are therefore vying for dominance in semiconductor production. But there is little transparency when it comes to government subsidies, especially in China.
By Redaktion Table
Hong Kong's history – from its British occupation to its return to China in 1997 and its struggle for self-assertion in the present – is the fascinating story of a city caught between the great powers of East and West. The most recent turning point for the economic metropolis was the inauguration of Xi Jinping.
By Redaktion Table
No developing country in the world has received as much support from Germany in the form of expertise, technology transfer and all kinds of aid as the People's Republic has since the beginning of its reforms. Were we too naive in the face of a potential systemic rival?
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If the US and China engage in a battle for long-term technological dominance, both sides will not only fail, but also hinder global economic growth. For Nobel laureate Michael Spence, there are positive and negative examples of strategic competition. For the US, the challenge is not to fall behind; and for China, to complete the ongoing catch-up race.
By Redaktion Table
