The European Union's CSDDD and the German LkSG focus on sustainable and responsible corporate behavior regarding their global value chains. China's Corporate Social Credit System (CSCS) collects similar information and can be a rich source for supplier assessment.
Von Experts Table.Briefings
Sino-German science diplomacy is picking up speed again. For the first time since the pandemic, a Chinese National Academy of Sciences delegation is a guest in the country. The focus: basic research, the climate and the strained relationship between the countries.
Von Experts Table.Briefings
As the second-largest foreign holder of US debt, China has reduced its holdings of US government bonds over the past eleven years. However, this trend reflects a longer-term shift in trade and currency management strategies rather than a short-term push for de-dollarization.
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China plans to expand its Emission Trading System (ETS) to include three new sectors, partly as response to EU’s carbon-based trade policies such as Carbon Border Adjustment Mechanism (CBAM). However, large price discrepancy still exists between China’s and the EU’s ETS.
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While Tesla still dominates the European market, followed by German automakers, Chinese brands are gaining popularity. Increases in production capacity and investments in shipping capabilities show that these companies are targeting overseas markets.
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China is 25 years away from its second centenary goal of becoming a "modern socialist country" by 2049. Achieving this requires China’s per capita GDP to reach the levels of developed economies. However, with a struggling property market and strained US relations, the way ahead will be difficult.
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China has a large amount of data, but it lags behind the US in terms of data quality, diversity, and availability for AI training. Opening up more datasets in both the public and private sectors could help ease the crunch.
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In April, Xi Jinping launched a major initiative for equipment upgrades and consumer product trade-ins, backed by a 300-billion yuan fund. The program aims to stimulate domestic demand and technological progress by targeting both consumer and industrial goods.
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Research from Anhui province shows that consistent compliance is crucial for companies in China's social credit system. Foreign companies can benefit from the system.
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The financial data for July 2024 fell short of expectations. At 770.8 billion yuan, government spending on so-called social financing was below the forecast of one trillion yuan. No improvement is expected by the end of the year.
Von Experts Table.Briefings
