It is part of the ritual of the National People’s Congress to refer to the great difficulties that lie ahead this year. Premier Li Keqiang, however, did not even mention the war in Europe once in his annual speech. He did, however, speak of a “grave and uncertain” outlook – and let a number speak […]
In light of Western sanctions over the invasion of Ukraine, Russian companies are looking to open bank accounts at Chinese financial institutions. “In recent days, we have been approached by 200 to 300 companies that want to open new accounts,” an unnamed employee of the Moscow branch of a Chinese state-owned bank told Reuters on […]
This year’s National People’s Congress begins on Saturday. Speaking to Christiane Kuehl, Gu Xuewu, a professor of international relations in Bonn, explains the significance of this major political event. The first point on the agenda is economic policy: The government needs to stimulate the economy while avoiding bubbles and overcapacities. Growth policy remains China’s most […]
The Kiel Institute for the World Economy (IfW) has presented initial estimates of how trade could shift as a result of sanctions on Russia. Russia will indeed expand its goods trade with China as a result of the conflict, the economists forecast in a recent working paper. But China will not emerge as a winner […]
Melinda Chan will be the new head of casino operator Macau Legend Development. She served as a member of the Macau Legislative Assembly until the end of 2020. Her husband, David Chow, will assume the position of Chairman of the Board of Directors. The couple are shareholders in the company.Both positions at Macau Legend Development […]
Disasters like the Ukraine war crowd out all other news, including that of everyday repression in China. On March 1, for example, China’s new “Measures on the Administration of Internet Religious Information Services” went into effect almost unnoticed, further eroding China’s constitutional right to freedom of belief. With rigorous surveillance, Party leader Xi Jinping aims […]
Before the invasion of Ukraine, things were going very well for Chinese car manufacturers on the Russian market. Their most recent market share was at 7.5 percent. That is still far behind the Europeans, Koreans and Japanese. But it marks a doubling compared to 2020, and it is significantly more than the share of Russian […]
Russian airspace has been closed to aircraft from the EU since Monday. Over the weekend, two Lufthansa flights to Seoul and to Tokyo were already forced to turn back mid-flight and return to Munich and Frankfurt, respectively. “Due to the ongoing dramatic developments in the Russia-Ukraine conflict, Lufthansa will no longer use Russian airspace,” a […]
How is China positioning itself on the Ukraine conflict? At present, different tendencies are getting mixed up, and one contradictory report follows the next. But on closer inspection, China follows a rational concept. One thing is certain: Xi Jinping is solely interested in China’s rise. Russia is a useful troublemaker at best, testing the resolve […]
The Chinese Embassy in Kyiv reports problems with evacuation from Ukraine. China is making efforts to bring its citizens to safety and has already organized planes for this purpose. In practice, however, escape routes are currently blocked, Ambassador Fan Xianrong said on social media. The security situation had deteriorated dramatically, making it impossible to leave […]