The latest update of the Asian financial safety net, CMIM, is another step toward greater Asian financial independence – away from the US dollar and the US-dominated IMF. The CMIM, in which China, Japan, and South Korea play a central role, is being strengthened just as the new US administration under President Joe Biden seeks to revive its influence in Asia. This also plays into China's long-term plans for the yuan.
By Frank Sieren
China and Russia are cooperating in many areas – from flourishing commodity trade to plans for a joint moon station to replacing the US dollar as the reserve currency. However, a closer look shows: The supposed affection has clear boundaries – and potential for conflict.
By Michael Radunski
The Export Control Law, which has been in force for about four months, is China's first law in this area. Although provisions existed before, they did not have the law status. Lawyer Sebastian Wiendieck explains the law and the consequences for affected companies inside and outside China.
By Antje Sirleschtov
Huawei is increasingly finding itself in a predicament. Chinese suppliers are supposed to fill the gap left by the US supply ban on microchips. Until then, the hoarded semiconductor elements will have to do. And if not? Then the survival of the company is threatened, says the acting CEO.
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Europe, Russia, and China are trying to save the nuclear deal with Iran. Meanwhile, China is already creating facts: It's buying oil extensively and concluding economic cooperation agreements with Iran. This increases the pressure on the Europeans because they don't want to be left out either. But time is pressing. In June Iran will elect a new president.
By Frank Sieren
No other nation is gaining as dramatically as China in the annual Forbes billionaire rankings. Last year, the number of new billionaires in the People’s Republic rose by 202 to 626. Some of the newcomers to the ranking have made their fortunes with unusual business ideas. A toy manufacturer is represented, as well as a liquor producer and two suppliers of e-cigarettes.
By Redaktion Table
Hydrogen engines have the potential to turn the car industry around in times of climate change. China initially wants to establish the technology primarily in commercial vehicles, trucks, and buses because the tanks can be better accommodated in large vehicles. China is already the world's largest producer of hydrogen, with an annual production of 20 million tons. Much of this is not yet green hydrogen.
By Frank Sieren
The technology companies Xiaomi and Foxconn are shaking up the Chinese market for electric mobility. Xiaomi wants to invest billions in the development of EV production – but then probably outsource the production itself. Foxconn has developed an open software and hardware platform and is forging more and more partnerships for it. Siemens, Bosch, and Leoni are ready.
By Christiane Kuehl
Rapid economic growth in China has been accompanied by environmental damage in many regions. Shenzhen has introduced the GEP, an alternative system to GDP that measures the growth and well-being of its citizens based on ecological factors. Figures from the new eco-indicator will be presented for the first time in June. The GEP is intended to provide incentives for more sustainable investment.
By Frank Sieren
Parag Khanna was a foreign policy advisor in Barack Obama's first presidential campaign. The political scientist is the founder of the strategy consulting firm FutureMap. In an interview with China.Table, he says Europe's sanctions against China are ineffective and merely a self-satisfaction of the West. To influence the situation in China in the long term, the West must remain present.
By Michael Radunski
