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Opinion

Lithuania, China and the new realities of global trade

Can and should the EU become more involved in resolving tensions with China? A coordinated European approach is all the more important today, as trade is becoming increasingly political. At the same time, actions such as the creation of the Taiwan Office in Lithuania need to be better coordinated. Otherwise, the EU will be forced to collectively represent policies that are dictated by individual member states.

Von Redaktion Table

Sinolytics Radar

China wants to expand its pension system

Faced with a challenging demographic trajectory and a fast-aging population, reforming China’s pension system is of crucial importance for China’s government. In parallel to improving the coverage and level of the public pension system in times of tightening fiscal budgets, China also aims to develop an active and sizeable private pension market. The government attempts to catalyze this through tax exemption and policy support to encourage financial product innovation. A functioning three-pillar pension mix is sought to boost consumption in the long term and also offers opportunities for foreign companies to participate in the “sliver-hair” economy.​

Von

Evergrande: Insolvenz wird verschleppt
Feature

Evergrande: bankruptcy drags on

Evergrande has run out of money – that much is clear. The company cannot even present its annual balance sheet. This process shows: Large corporate bankruptcies often do not end with bankruptcy proceedings. Especially in China, an agonizingly long phase of denial of reality usually follows instead.

Von

Kim Jong-un bei einem Raketentest: ungeliebter Partner von China
Feature

A stubborn partner in the northeast

Russia is not the only problematic partner for China. North Korea is also stirring up trouble with a never-ending series of missile tests. Beijing needs Pyongyang and therefore must continue to defend Kim's actions.

Von Christiane Kuehl

Evergrande: Insolvenz wird verschleppt
Analyse

Evergrande: Die Pleite schleppt sich hin

Evergrande hat kein Geld mehr – so viel ist klar. Das Unternehmen kann nicht einmal seine Jahresbilanz vorlegen. Der Vorgang zeigt: Große Firmenpleiten enden oft nicht rechtzeitig mit einem Insolvenzverfahren. Gerade in China folgt eher eine qualvoll lange Phase der Realitätsverweigerung.

Von