Up to now, much of Hong Kong's business life has taken place around Victoria Harbour. But now a huge new center is to be built in the very north of the special administrative region. The financial metropolis and the neighboring city of Shenzhen are growing together.
By Redaktion Table
China wants to put a price tag on the environment. The idea behind it: If nature has a financial value, it is more likely to be protected. This not only has consequences for companies able to gain points for their environmental score, similar to the social credit system. But for the careers of Chinese officials, the preservation of "ecological goods" could also soon become just as important as economic growth – one of their responsibilities.
By Nico Beckert
The number of Chinese "unicorns" is rising. Especially in the Greater Bay Area of the Pearl River Delta, highly valued start-ups find a thriving ecosystem. The US is still far ahead in the number of unicorns. However, China is catching up in leaps and bounds.
By Frank Sieren
As a frontier city in the technology industry, Shenzhen’s regulations may be influential in setting the national standards for artificial intelligence in China. Local regulations on AI include the approval of products and services, education and research, procurement and functional benefits, and the ethics of their use.
By Redaktion Table
How has China managed to become the technological innovator it is today? How competitive are China's innovations? Economists from the Kiel Institute for the World Economy (IfW) and King's College London have analyzed data of over 170,000 Chinese companies. Their findings: The strong export orientation of Chinese firms across all sizes and industries has contributed significantly to their success.
By Felix Lee
German Transport Minister Andreas Scheuer claims that a recently passed law will make Germany "the first country in the world to put self-driving vehicles on the road." By 2022, this should be achieved. In China, however, autonomous driving cars, without safety drivers and centralized control, have been on the road since late 2020. And the gap between developments in Germany and the People's Republic is likely to widen.
By Frank Sieren
Rapid economic growth in China has been accompanied by environmental damage in many regions. Shenzhen has introduced the GEP, an alternative system to GDP that measures the growth and well-being of its citizens based on ecological factors. Figures from the new eco-indicator will be presented for the first time in June. The GEP is intended to provide incentives for more sustainable investment.
By Frank Sieren
Beijing's master plan: The southern Chinese island paradise of Hainan is to be transformed into a high-tech location with an attached free trade zone. Tax breaks, special permits for the use of medicines, and high-tech settlements are intended to attract investors. However, the island is still sparsely populated and is financed through tourism. Bankruptcies and corruption scandals have accompanied the development of the region.
By Frank Sieren
