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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.
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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.
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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.
By Christiane Kuehl
Global demand for liquefied natural gas has spiked due to Russia's assault on Ukraine. Forecasts predict that China will become the largest importer in 2022. On the global market, the People's Republic is thus a direct competitor to Germany. But China is much better prepared for the new fight for LNG.
By Ning Wang
The US is trying its hardest to contain China's economic and technological rise. But protectionist policies and trade and investment restrictions will not cause any lasting damage to the Chinese economy. This is because the technological strength of China's economy has already passed a critical threshold. It is only a matter of time before China catches up technologically with the US, writes Zhang Jun, Dean of Economics at Fudan University Shanghai.
By Redaktion Table