China
Consuming for growth + Is China decoupling?
Dear reader,
Today is 11/11. And since the date only consists of the number 1, it is also known as "Singles’ Day" in China. Alibaba had once introduced it and at the same time declared it a shopping day. In the meantime, German stores like Lidl and Saturn also invite customers to Singles' Day and celebrate it with a discount battle. Frank Sieren has analyzed the fact that consumer spending is Beijing's strongest tool for driving domestic growth to catch up with the developed economies of the West.
Does China still need us? Fabian Peltsch took on this question. He spoke with sinologists and economic experts about whether the People's Republic is increasingly barricading itself with its current economic strategies, and if these barricades are leading to an even quicker and extensive decoupling from the West.
Minxin Pei is notorious for not holding back on criticism when it comes to the Communist Party of his home country. For Pei, the cult of personality around State and Party leader Xi Jinping is the biggest obstacle to China's growth. In today's profile, the 63-year-old sums up the current state: "The reign of fear has returned to policy, and not just for ordinary citizens, but also the CCP elite," he explains from his chosen home of California.
Does China still need us? Fabian Peltsch took on this question. He spoke with sinologists and economic experts about whether the People's Republic is increasingly barricading itself with its current economic strategies, and if these barricades are leading to an even quicker and extensive decoupling from the West.
Minxin Pei is notorious for not holding back on criticism when it comes to the Communist Party of his home country. For Pei, the cult of personality around State and Party leader Xi Jinping is the biggest obstacle to China's growth. In today's profile, the 63-year-old sums up the current state: "The reign of fear has returned to policy, and not just for ordinary citizens, but also the CCP elite," he explains from his chosen home of California.
Have a pleasant rest of the week!
Your
Ning Wang
