The ongoing power shortage and the crisis surrounding real estate developer Evergrande are currently dominating headlines. Even if some assessments turn out wrong, long-term problems still loom. China's policymakers must act now, says Yu Yongding, who for years headed the Institute of World Economy and Politics at the Chinese Academy of Social Sciences in Beijing.
By Redaktion Table
Not just the West criticizes China's National People's Congress. In China, too, its deputies are referred to as "hand-raisers" behind closed doors. President Xi now gives treatment to China's "parliament" with all kinds of ideological balancing acts. In his view, the People's Congress ensures broad participation of the population. And Xi gave Western democracies only bad marks.
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Kristalina Georgieva, the IMF's Managing Director since 2019, has been a bold leader in confronting the economic fallout of the pandemic, as well as in positioning the Fund as a global pioneer on climate change. The efforts now underway to remove her are not only unjust, but could hamstring the Fund's management for years to come.
By Redaktion Table
The order by Hong Kong's authorities to remove a memorial dedicated to the Tiananmen massacre shows Beijing's grip over its culture of remembrance: The central government wants to force the world to forget the incident. Because coming to terms with the past does not fit the agenda of China's leadership.
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Zhang Jun warns of not only paying attention to superficial phenomena of China's economy. The economist explains what underlies China's often overlooked irrepressible dynamism.
By Ning Wang
"Absolute national security" might have been a reasonable goal for the US when the country stood at the helm of a unipolar world order. But in today’s world, attempting to “contain and confront” those with different values or systems, rather than negotiating a new global compact that accommodates them, is a recipe for conflict.
By Redaktion Table
Red wedding dresses, red envelopes for Chinese New Year, red lanterns. The warm color is omnipresent in the People's Republic – even in politics. In socialist countries, people are used to the symbolic color. President Xi Jinping, however, is now applying a particularly thick coat of red paint.
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The debt problems of Chinese real estate group Evergrande have the markets in turmoil. Stephen Roach explains why even bankruptcy would not have serious consequences. However, the US economist sees far greater problems that have their roots in current Chinese politics.
By Redaktion Table
For many years, nothing worked in China without involving the Danwei: Applying for a passport, getting married, getting divorced – permission from the work unit had to be obtained first. With the start of China's economic reforms, it lost importance. In the wake of the Covid pandemic, however, these small social units got a new boost: Is the Danwei celebrating a comeback with digital support?
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In the trade dispute between the US and the EU, China regularly emphasises the openness of its own market. In practice, however, companies perceive the situation differently: they encounter barriers to entry and compete with highly subsidised rivals. Concerns about this are growing - especially since Chinese industry has now caught up in terms of product range and technical expertise.
By Redaktion Table
