It seems contradictory to impose stricter controls on companies during an economic downturn. However, more and more companies are being blacklisted by the Chinese social credit system for serious violations.
Von Experts Table.Briefings
Since July 2022, China outlined cross-border data transfer rules. By the end of 2023, CBDT compliance is prominent in the automotive, IT, and electronics sectors, affecting numerous foreign-invested enterprises.
Von Experts Table.Briefings
Germany granted fewer export licenses for dual-use items to China in the first three quarters of 2023. Longer approval times for export licenses have led to uncertainty and costs for German exporters to China.
Von Experts Table.Briefings
China is gradually ramping up its domestic carbon market. Both the trading volume and trading price of Chinese Emission Allowances (CEAs) grew significantly in 2023, despite a very significant remaining price gap in comparison to the price in the EU.
Von Experts Table.Briefings
President Xi seeks to secure Vietnam’s alignment with more economic "carrots" during his visit. Vietnam has leveraged its position between the US and China for its own economic boost. Despite China’s economic influence, it does not translate into increased public trust in Vietnam.
Von Experts Table.Briefings
China is a global leader in the production and use of drones. This has also sparked controversy over the use of Chinese drones in the Russian invasion of Ukraine.
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The number of exam participants for the public service has surged in recent years. This suggests that young Chinese individuals, in their job search, increasingly prefer stable positions in the public service over employment in the private sector. The trend is noteworthy as it indicates a broader social and economic shift.
Von Experts Table.Briefings
Despite a general slump in exports, official figures show that China is on track to surpass Japan as the world’s largest car exporter this year. Electric vehicles have been a strong driver of this trend, particularly their export to Europe.
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While manufacturing and exports continue to stagnate, China’s October macroeconomic data showed increased growth in consumption that beat analysts’ expectations. The growth is likely supported by a rebound in travel expenditure during the National Day holiday. Whether it is sustainable remains to be seen in the future.
Von Experts Table.Briefings
FDI inflows into China turned negative for the first time since 1998. The country is grappling with the impact of foreign investors withdrawing more capital than they are investing. Despite verbal promises towards foreign investors, the implementation of improvements is lacking.
Von Experts Table.Briefings
