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Does China still need us?

The People's Republic is increasingly turning inwards with its economic strategies. Is Beijing's "zero-covid" strategy actually meant to quickly and fully cut itself off from the rest of the world? Experts from academia and business see conflicting forces at work. The travelers will return – but not the admiration for the West.

By Redaktion Table

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Chinese consumption strengthens economy

If the leadership in Beijing has its way, China's economic growth will rest more than ever on the shoulders of domestic consumers. After all, domestic consumption is the least affected by foreign policy influences. Today's Singles Day, the world's largest shopping event, shows the current state of Chinese consumers. This date has also become very important for Western companies.

By Frank Sieren

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Covid exposes vulnerabilities of supply chains

The high dependence of German industrial companies on the People's Republic of China is one of the lessons learned from the Covid pandemic. Companies like Philipp Kirsch, a producer of laboratory refrigerators, now want to spend more money on key components in its value chain and acquire them in Europe. The big question: Is the consumer also prepared to pay higher prices?

By Marcel Grzanna

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COP26: controversy over global combustion engine phase-out

A joint declaration on the global phase-out of internal combustion vehicles from 2040 onward is not only finding supporters at the UN Climate Change Conference. Germany is hesitant, Volkswagen rejects the agreement. Meanwhile, Greenpeace announces it will sue the carmaker for insufficient climate protection measures.

By Timo Landenberger

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A symbolic deal

EU Commission President Ursula von der Leyen wants to announce an agreement with New Zealand on a free trade agreement in mid-November. The political significance of the deal is greater than the economic one.

By Redaktion Table

Frans Timmermans ist Vize-Präsident der Europäischen Kommission und zuständig für den Green Deal.
Feature

Frans Timmermans: "The CBAM has never been a contentious issue"

The EU is stepping up its presence in Glasgow for the second half of the UN Climate Change Conference (COP26). Alongside a delegation from the European Parliament, Commission Vice-President Frans Timmermans is also on-site all week to promote his ideas on climate protection. Lukas Scheid and Timo Landenberger spoke with the Climate Commissioner.

By Timo Landenberger

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China's inflation fears

Prices in China are climbing. The prices for Spinach alone saw an increase of 160 percent. Many people worry that food could become scarce. And in some places, panic buying has already started. And the government's attempts to calm people's fears are failing. Foreign companies in China are also affected.

By Ning Wang

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EVs instead of iPhones

Taiwanese Apple supplier Foxconn wants to produce EV under the brand name Foxtron. The company has already unveiled three prototypes designed in Italy. As with iPhones, the cars are to be produced for other manufacturers; there is already a joint venture with European manufacturer Stellantis (Chrysler, Peugeot, Citroen, Fiat). And these ambitious plans could very well work out thanks to the group's technical know-how and financial resources.

By Frank Sieren