China
Interview on decoupling + Pelosi visit is met with criticism
Dear reader,
Germany's heavy dependencies on China are once again shifting into focus following the Russian invasion of Ukraine. In extreme cases, economic dependencies can do a lot of damage to a society, as the example of Russian gas currently demonstrates. But how costly would it be for Germany to become less dependent on China? The ifo Institute has calculated this question in several scenarios. Felix Lee spoke with the study's co-author, Florian Dorn, about the high costs and which sectors would be particularly affected. The Ifo researcher advises German companies to further diversify their supply chains.
Nancy Pelosi's visit to Taiwan and China's reactions have generated considerable turmoil. Major Western countries were unanimous in their reaction, condemning China's military drills around Taiwan. Other countries in the region have been reluctant to take a clear stand or have even criticized Pelosi's visit, Frank Sieren reports. Australia's foreign minister calls for de-escalation. South Korea's new president did not even meet Pelosi. This restraint is hardly surprising. Who would want to mess with the economically and militarily superior "bully", who currently also flexes his military muscles?
Your
Nico Beckert
