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
It is high time to end the financing of fossil fuels, write Werner Hoyer and John Murton in this Opinion. For the climate transition to succeed, global solidarity and international investment in clean energies are needed from now on.
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
What lies ahead for Germany's international relations after the Merkel era? Five theses on developments under the next chancellor. The EU will continue to liberate itself from the US – at the same time, Germany's role could improve if it plays its cards right.
By Redaktion Table
Yuen Yuen Ang is a professor of Chinese economics at the University of Michigan. As an author, she focuses on the global implications of China's rise. Ang also looks at the problems posed by China's rapid industrialization and explains why arbitrary decrees from Beijing's political leadership stand in the way of the country's global rise.
By Redaktion Table
China's panda diplomacy was made famous by a gift to US President Nixon – or rather, to his wife, Pat Nixon. But pandas have always been Beijing's image carrier and diplomatic tool, even dating back to the Tang Dynasty. However, a specimen of the black and white bears once fell victim to trigger-happy presidential sons.
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