The White House has decreed: Capital investments by US investors in Chinese high-tech companies will no longer be possible as of next year. The founding of joint ventures is also prohibited. The following sectors are affected:The executive order officially affects “Countries of Concern,” meaning China. For instance, a US investment house like Goldman Sachs can […]
How much longer will prices continue to fall in China? This is a crucial question for the economic development of the People’s Republic. Japan grappled with a prolonged period of deflation from 1995 until last year, a consequence of a stock market bubble. In China, the current issue is a real estate bubble.However, even though […]
As feared, inflation in China has slipped below zero. It stood at minus 0.3 percent in July. This officially marks a state of deflation, where prices are falling. Economists consider this in many ways more dangerous than inflation. Deflation incentivizes postponing purchases. The current Chinese economy is particularly suffering due to consumer reluctance to buy, […]
TSMC and its German partners have made it official: The Taiwanese global market leader will build a chip plant in the city of Dresden. The company’s board of directors made the final decision in Taipei on Tuesday.The key points of the project are very much in line with Table.Media reports from May and last year, […]
TSMC and its German partners have made it official: The Taiwanese global market leader will build a chip plant in the city of Dresden. The company’s board of directors made the final decision in Taipei on Tuesday.The key points of the project are very much in line with Table.Media reports from May and last year, […]
As the first German university, the University of Erlangen-Nuremberg has decided to only accept CSC scholarship holders if they have also been selected by the German Academic Exchange Service (DAAD). What does that say about the stance on university cooperation with China?This decision is a clear signal that cooperation between German universities and China will […]
The German government has presented its China strategy. Is the document suitable as a guideline for economic policy?I was very skeptical about what kind of document it would be. It turned out much better than I feared, but I would still say that the word strategy does not apply in all respects.Is it a useful […]
A breakthrough on the path to Chinese semiconductor independence: The technology company Huawei plans to start manufacturing its own chips for modern 5G smartphones before the end of this year. To this end, Huawei is cooperating with the state-owned semiconductor manufacturer SMIC, according to the business newspaper Nikkei, citing informed sources. The first smartphones with […]
Head of state Xi Jinping has removed incumbent foreign minister Qin Gang from office. The leadership released a short announcement on the website of the state broadcaster CCTV. Former Foreign Minister Wang Yi will take over again. Qin has been absent since 25 June and is apparently in the custody of party organs, possibly the […]
Where is Foreign Minister Qin Gang? Desmond Shum cannot answer this question in detail either. But he is very familiar with the subject of disappearing officials. As a businessman, Shum maintained close contact with the CCP leadership, but fell out of favor and now lives in the UK. He is the author of the book […]