Military aid + Stumbling tech stocks
Today marks the fourth week of the war in Ukraine. A war that is live for the entire world to see on social media as it continues to escalate. This disconcerting situation reminds us of the 1965 song "So Long, Mom" by American songwriter, mathematician and Harvard professor Tom Lehrer. The song is about the story of a war through the eyes of a soldier who tells his mother that she can simply watch everything live on television from the bomb shelter.
The world watches, debates – and many waver between mockery of Putin's poorly organized military and concern about Chinese interference. China at Russia's side – an image perfectly suited for speculation and juicy headlines. But how realistic is it that China will provide military assistance to Russia? Michael Radunski explores this question and takes a close look at the Chinese arms industry in particular.
The Chinese tech sector is "uninvestable". Harsh words from US investment bank JPMorgan on Tuesday. And down they went. China's tech stocks have been in a tailspin for months. And the poor market conditions are not the only reason for this, Beijing with its tech crackdown is also to blame. On top of that, there is mounting pressure from the US Securities and Exchange Commission. Yesterday, some share prices rose again by over 30 percent. The Chinese State Council had promised to keep the markets stable. Our Beijing team analyzed the situation and conclude, that in the long term, tech companies need more than soft words.