China's economy has been hit hard by the harsh Covid measures. Nevertheless, Beijing seems to stick to its growth target – and is resorting to old formulas.
By Redaktion Table
“Internet + Supervision” platform is a digital regulatory system initiated by the State Council to upgrade market regulation. It is the result sharing backbone of China’s Corporate Social Credit System and an integral part of China’s push for the buildup of a “digital government”.
By Redaktion Table
Ulrich Reichert has been China CEO of Wirtgen Group, a manufacturer of road construction machinery, for 32 years. Reichert is currently experiencing one of the most severe economic downturns he has had to manage in his long career. Sales in the infrastructure sector have recently slumped considerably. The last time he experienced a similar crisis was ten years ago, after economic stimulus programs were phased out as a result of the global financial crisis. Frank Sieren spoke with Reichert.
By Frank Sieren
The economic situation seemed shaky even before the Shanghai lockdown. The curfew in the economic metropolis is now bringing all the pent-up fears to the surface. Omicron, the Ukraine crisis and high commodity prices mutually amplify each other and jeopardize growth.
By
China's young generation is very self-conscious, optimistic, and patriotic. China's global rise is already a fact to them. However, they have no desire to produce many grandchildren in the interests of population planning. The propaganda already wants to "hammer" into shape. And all of this is also related to the director of the Olympic show.
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