Tag

Economy

Is Xi's obsession for control stifling growth?

Supply bottlenecks, widespread power outages, tech companies under pressure, the real estate sector deep in crisis – the world's second-largest economy is currently experiencing a multitude of problems. Many of them are homemade and can be traced back to the government's lust for control. For President Xi, control is essentially more important than growth. But where does he draw the line?

By Felix Lee

China protects personal data – but only from corporations

China's "Personal Information Protection Law" comes into force. It is intended to protect consumers' rights vis-à-vis companies. Large companies such as Tencent have already revised their data protection regulations. The law also has an impact on foreign companies. It is similar to the European data protection law in terms of the relationship between companies and customers. However, the state still exempts itself from the obligations in China.

By Frank Sieren

China must restore growth

The ongoing power shortage and the crisis surrounding real estate developer Evergrande are currently dominating headlines. Even if some assessments turn out wrong, long-term problems still loom. China's policymakers must act now, says Yu Yongding, who for years headed the Institute of World Economy and Politics at the Chinese Academy of Social Sciences in Beijing.

By Redaktion Table