News
The 6th plenum of the current Central Committee will convene in Beijing next week. Under normal circumstances of the post-reform era, this would herald the end of Xi Jinping's term in office. But the latter dares to break with Deng Xiaoping and wants to anchor himself even more firmly as the "core of the CP". He also wants to lift himself even further up the all-time list of the historic party hierarchy: above Deng, next to Mao.
Von Michael Radunski
Black ink on a red background. That is how Chinese business cards once looked like, back when they were presented by emissaries of the imperial court. Name cards were already used in China thousands of years ago. However, the gesture of handing them over – with both hands – was copied. Nowadays, however, all that is needed to exchange contacts is a tap on the smartphone.
Von
In order to cool down the overheated Chinese real estate market, homeowners will be asked to pay a hefty tax in the future. The tax will mainly hit rich citizens and speculators. Observers doubt, however, that it will make apartments more affordable.
Von Redaktion Table
The economic environment in China is becoming more uncomfortable, according to the Association of German Chambers of Industry and Commerce. Compared to the spring, German companies operating in the People's Republic are taking a more negative outlook on economic development in the coming twelve months. As a concrete consequence, they are shifting their investments to other parts of the world. The behavior of its hitherto most loyal foreign investors should give China food for thought.
Von Amelie Richter