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Ulrich Reichert has been China CEO of Wirtgen Group, a manufacturer of road construction machinery, for 32 years. Reichert is currently experiencing one of the most severe economic downturns he has had to manage in his long career. Sales in the infrastructure sector have recently slumped considerably. The last time he experienced a similar crisis was ten years ago, after economic stimulus programs were phased out as a result of the global financial crisis. Frank Sieren spoke with Reichert.
By Frank Sieren
Ulrich Reichert has been China CEO of the Wirtgen Group, a manufacturer of road construction machinery, for 32 years. Reichert is currently experiencing one of the deepest economic downturns he has had to manage in his long career. Sales in the infrastructure sector have recently plummeted significantly. The last time he experienced a similar crisis was ten years ago, he said, after economic stimulus programs were phased out as a result of the global financial crisis.
By Frank Sieren
Trains are still rolling across the northern route of the New Silk Road. Despite routing via Russia and sanctions against Russian companies, container transport has only partially declined. The development of alternative routes is in full swing, but capacities are limited.
By Lukas Knigge
China's lockdown-plagued citizens are using the Internet to express their discontent publicly. Online protests and political jokes (段子) are all the rage. Behind their temporary tolerance lies Beijing's calculation. After all, they also serve as an outlet to let off steam dangerous to the regime.
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