China is getting past the Covid pandemic. During the May Day holiday, consumer sentiment has, in some cases, surpassed pre-crisis 2019 levels. The development fits Beijing's new economic strategy. But there are also problems: The gaps are growing, not only between rich and poor.
Von Frank Sieren
Without massive green investments, climate targets will be hard to achieve. EU states are already wrangling intensively over what counts as green. Beijing is now seeking common standards with the EU. But the European side hesitates: Chinese requirements are weaker and ignore social issues such as forced labor. Critics now fear that the EU will move closer to China in the negotiations and lower its standards.
Von Nico Beckert
