China's coal phase-out has so far been little more than lip service. The country builds and plans a large number of fossil-fuel power plants and invests in corresponding projects worldwide. Even worse, foreign investors continue to pour money into China's coal industry projects. German financial firms are among them.
Von Redaktion Table
China's population is growing as slowly as in times of the 1950s famine. This poses immense challenges for the economy and the social system. Sales growth of products for younger people is likely to gradually decrease. And the rise to global power will become much more difficult.
Von Felix Lee
Die Stahlindustrie hat einen großen Anteil an Chinas rasantem Wachstum. Das Land ist größter Importeur von Eisenerz. China bezieht den Rohstoff jedoch vor allem aus Australien, einem Land, mit dem die Volksrepublik seit nunmehr über einem Jahr im Clinch liegt. Um seine Quellen zu diversifizieren, blickt Peking nun vor allem nach Guinea in Westafrika. Doch dort ist die Lage schwierig. Da es keine schnelle Alternative gibt, müssen Australien und China sich in absehbarer Zeit einigen. Sie kommen eben nicht ohne einander aus.
Von Frank Sieren
The steel industry has a large share of China's rapid growth. The country is the largest importer of iron ore. However, China obtains the raw material primarily from Australia, a country with which the People's Republic has been in conflict for more than a year. Beijing is now looking primarily to Guinea in West Africa to diversify its sources. But the situation there is difficult. With no quick alternative, Australia and China will have to come to an agreement in the foreseeable future. They just can't get along without each other.
Von Frank Sieren
China is getting past the Covid pandemic. During the May Day holiday, consumer sentiment has, in some cases, surpassed pre-crisis 2019 levels. The development fits Beijing's new economic strategy. But there are also problems: The gaps are growing, not only between rich and poor.
Von Frank Sieren
