31.10.22_Editorial_

Following the 20th Party Congress, not only the German business wonders: Is the China boom nearing its end with Xi Jinping’s third term? Joerg Wuttke, President of the EU Chamber of Commerce in China, sees Xi’s priorities as maintaining power and stability at the cost of innovation and market economy. Speaking with Frank Sieren, Wuttke explains the complex situation we find ourselves in. True, companies can continue to do good business, especially in the manufacturing sector. But growing rivalry with China is making life difficult for them – especially as the leadership punishes them for the actions of their governments. That is why Wuttke believes the upcoming trip to China of Germany’s Olaf Scholz is „sensible and extremely important.“ As Merkel once demonstrated, many things can be discussed much better in private than at a large gathering – „especially the unpleasant topics.“