In 1957, Mao ordered 60 million Chinese to "cook steel" and built 240,000 small blast furnaces. That was the beginning of a steel addiction that has driven China's steel production up year after year ever since. With state-subsidized steel, Beijing floods the world market. Now, Xi Jinping says this has to stop because the steel glut is counteracting his goals for reducing CO2 emissions.
By Antje Sirleschtov
How reasonable are China's COVID-related entry restrictions? The industry association VDMA fears that the quarantine and the need for special permits will remain in place for a long time. The association suspects Beijing wants to give Chinese competitors an advantage. But there are initial indications that entry conditions will be eased. And it is usually possible to negotiate certain quarantine details in China even now.
By Redaktion Table
The new Chinese data protection law, the Data Security Law (DSL), which is to regulate the use of personal data, is largely based on the EU General Data Protection Regulation (GDPR). Unlike the EU, Beijing reserves extensive data processing powers. For foreign companies with data in China, the legal basis will change this year.
By Frank Sieren
