When he took office, Li Keqiang was seen as an economic reformer. However, it quickly became clear that Xi had different ideas. He increasingly sidelined the Premier, who had risen through the Communist Youth League, and made all major decisions himself. Li only hinted at his differing views occasionally.
By Christiane Kuehl
The West's share of the global economy has been declining for more than 70 years. Conversely, the role of China and the other BRICS countries is growing in importance. The figures are the reason why the BRICS are becoming more and more self-confident in the world.
By Frank Sieren
Deng Xiaoping, China's state and party leader from 1979 to 1997, was the only Chinese leader to admit mistakes publicly. Xi Jinping has never done so. But shortly before the Third Plenum, where the leadership sets the future course, it would be imperative to do so. It is the only way to pull the economy out of the pit of stagnation.
By Experts Table.Briefings
The USA's Inflation Reduction Act (IRA) was adopted a year ago. And the billion-dollar subsidy program is showing initial successes: It is helping to reduce emissions, attracting investment in green industries and creating industrial jobs. Critics criticize the high price.
By Nico Beckert
For the first time since the end of the pandemic, a World Economic Forum is being held in China. At the "Summer Davos" in Tianjin, Premier Li Qiang calls for putting an end to the talk about dependencies – and promises stable growth. The mood is different from the first installments of the Summer Davos.
By Jörn Petring
Economist, China expert, and Professor of Economics Isabella M. Weber is considered the inventor of the German gas price cap. She explains how we could effectively counter the current high inflation – using lessons learned from China. Frank Sieren conducted the interview.
By Frank Sieren
The CEOs of the leading investment banks will meet in Hong Kong for the first time since the pandemic. The meeting is considered a commitment to the world's third-largest financial center of 2021. Nevertheless, many things have gone awry there: The stock market is dragging its feet and there is no progress on opening up the Chinese market. The bankers will have clear words for Hong Kong's Chief Executive John Lee.
By Frank Sieren
