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China’s government has announced far-reaching plans to bolster the economy through fiscal policy measures. However, the government’s ability to employ an expansive fiscal policy is weakened significantly by reduced fiscal revenues caused by the economic downturn. Therefore, the government has now turned to state-owned financial institutions, asking them to contribute a higher percentage of their profits for fiscal use. This measure, however, can only work as a temporary solution, buying more time for the government to find ways to generate a more sustainable flow of fiscal revenues.
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When it comes to EVs, China not only wants to rely on batteries, but also on fuel cells. For a long time, hydrogen mobility was considered useful only for trucks in China due to the complex fuel tanks. But now, the first Chinese fuel cell car is going into series production. Chinese manufacturers could beat the German competition to the punch here, too.
By Frank Sieren
In the fight against Covid, China's pandemic troops are spraying practically everything in their path. But can the massive use of disinfectants really make a difference?
By Redaktion Table
Russia's invasion of Ukraine also calls Germany's economic ties to China into question. Xi Jinping rules in a similar authoritarian manner to Putin. But decoupling from China would hurt the German economy more than Russia's. And so Achim Wambach argues for more free trade. The Head of the ZEW economic research institute explains why in today's interview conducted by Felix Lee.
By Felix Lee