Published: March 26th, 2021,
Last updated: February 21st, 2022
Beijing relies on the purchasing power of its consumerist population to show foreign companies time and again what they stand to lose if they fall out of favor. Now it seems to have hit H&M, but Marcel Grzanna uses previous cases to show that among Chinese consumers, pragmatism is stronger than the political ideology of the Communist Party after all. Frank Sieren examines why Elon Musk still has to cozy up to the CCP.