The People's Republic has overcome COVID. Many people are therefore in no hurry to be vaccinated. But China wants to vaccinate 560 million people by June. 18 to 59-year-olds first. Herd immunity is to be achieved by the end of the year. The capital Beijing, in particular, is pushing the pace.
Von Redaktion Table
After the authorities surprisingly canceled the IPO of Alibaba's financial subsidiary Ant Group, the group is threatened with further cuts. According to reports, Beijing wants Alibaba to drastically scale back its media holdings. The independence of the South China Morning Post is in danger.
Von Redaktion Table
The Social Credit System is to become a defining feature of Beijing's data-based governance. It leads to more transparency about compliance with rules and laws. Breaches of rules but also particularly rule-compliant behavior, will be recorded in publicly accessible databases. German companies are also affected. While some see the system as a regulatory jungle, others use it to better assess Chinese business partners. It remains to be seen in which direction Beijing will develop the system further.
Von Nico Beckert
