Beijing's top politicians keep their personal affairs under lock and key. Even when they take their summer break and where they spend it. But there are clear indications that they are currently relaxing at the celebrity resort of Beidaihe 北戴河, – and not just for their vacation.
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The EU wants to get more involved in the semiconductor industry. In doing so, it should not focus too heavily on chip production but rather build on existing strengths and promote chip design, advises Bruegel expert Niclas Frederic Poitiers.
By Redaktion Table
Lange Zeit haben westliche Forscher Chinas Aufstieg zur Finanzmacht unterschätzt. Viele sahen vor allem die Schwächen. Doch inzwischen kann Chinas finanzieller Einfluss nicht mehr ignoriert werden. Der Renminbi gewinnt an Kraft. Und Peking plant längst das nächste finanzpolitische Großprojekt.
By Redaktion Table
The People's Republic feels superior to the rest of the world as a technological and economic high-roller. But its Achilles' heel is whether it can feed its 1.4 billion-strong population in the long term. Of all people, the ideologue Xi Jinping clearly warns against this.
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Star US economist Stephen Roach has long defended the future viability of China's tech sector. But the recent crackdown on innovation leaders by the government has him doubting.
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In mid-July, the EU Commission presented the "Fit for 55" package. The individual programs it contains and the higher climate policy targets for 2030 represent a major challenge for the building sector. The aim of the German Property Federation (ZIA) is now to lobby for a practical design of European regulations.
By Redaktion Table
The Cultural Revolution did not stop for China's diplomats and Chinese journalists abroad. Mao and the CCP learned from Western sympathizers about the supposed bourgeois and opulent lifestyle of its envoys. A letter from the Austrian Marxist-Leninists pleased Mao in particular. The consequence: a third of all diplomatic service staff were ordered back to China and had to face criticism.
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The attempt of all large economic areas to take a leading position in key technologies at the expense of everyone else is a costly process. A more efficient and cost-effective way is to cooperate internationally in a division of labor. After all, not every economy can be at the top. If everyone tries to do everything on their own, growth and prosperity will suffer.
By Redaktion Table
It's a bit reminiscent of the rejection of the manuscript for Harry Potter by numerous publishers: When Xi Jinping wanted to join the Chinese Communist Party in the early 1970s, officials rejected his application for political reasons. Later, he had to cheat his way into university because he was not to be given a spot initially. An autobiography by the future head of state allows for fascinating insights into this time – and partly explains his way of thinking.
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Hong Kong's National Security Act is not only of political nature, it offers Chinese companies concrete advantages over Western competitors. State-owned enterprises can invoke national interests in the event of a dispute. With this Hong Kong is finally losing its status as an oasis of the rule of law, warns Dennis Kwok. Kwok was an MP for the pro-democracy Civic Party and now lives in exile.
By Redaktion Table
