The Chinese Communist Party's economic record is historically mixed. To be sure, its greatest strength is mobilizing resources to invest in public goods. And China has made great strides economically and socially in recent decades. But historical blunders show that the CCP's interventions can also have disastrous consequences.
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Als der chinesische Fahrdienst-Vermittler Didi in New York an die Börse geht, ist der Jubel groß. Doch zwei Tage später beginnt Peking einen Feldzug gegen das Unternehmen. Westliche Investoren werden gegenüber chinesischen Börsengängen immer skeptischer.
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Spirits were high when the stock of Chinese ride-hailing service Didi went public in New York. However, just two days later Beijing started a crackdown campaign against the company. Western investors are becoming increasingly skeptical about Chinese IPOs.
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One of Germany's best-known journalists and a long-time China correspondent have joined forces to write the first comprehensive biography of Xi Jinping, General Secretary of the Communist Party and President of China. And its title also serves as a thesis: "Xi Jinping – the most powerful man in the world". China.Table exclusively publishes a chapter from the new book by Stefan Aust and Adrian Geiges.
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