Thanks to its massive
workforce and low labor costs, China
has become the twenty first century’s leading global production plant. Even for
German companies, China
has long been a fundamental market for supplies. Yet an inquiry released by
PricewaterhouseCoopers reveals some astonishing facts: for many businesses, China is not as
cheap as one may think. Indeed, on some products, there is a
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The rapid rise of China as an economic and industrial power has put new demands on Beijing’s energy policy, reports Erica Downs of Brookings. Once self-sufficient in oil, China is now the world’s third-highest oil importer, and energy security is a clear focus of China’s foreign and domestic policies. As Beijing tries to balance administrative and market mechanisms, there is a struggle to create
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