Everyone's suspicions are now being confirmed: Evergrande can't service its loans. The real estate group is missing one payment deadline after another. But the International Monetary Fund still believes China can cope with the situation without major consequences for the entire economy. Meanwhile, Evergrande's car division made a surprise announcement.
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"Common prosperity" has been China's dominant political phrase in recent months. But it is more than a mere hollow phrase. The concept describes China's search for a sustainable balance between economic growth and social justice.
By Redaktion Table
Car software developers like Alibaba-backed start-up Banma are becoming more important to the automobile market because the car of the future increasingly resembles a rolling, very complex smartphone. It is defined by its software, which can be easily updated wirelessly. Chinese companies are very active and successful in this field.
By Frank Sieren
