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Geopolitics

Giving The Chinese People A Bigger Slice Of The Economic Pie

The fourth U.S.-China Strategic and Economic Dialogue yielded an important reform: Chinese state-owned firms must turn over a bigger chunk of their profits to the government to help finance public spending. U.S. companies are pleased -- and ordinary Chine

Giving the people something to smile about (fab to pix)
Giving the people something to smile about (fab to pix)
经济观察报E.O/Kang Yi

BEIJING -- After years of public outcry, Chinese state-owned entreprises (SOEs) are finally going to give a larger part of their annual earnings to the government to help finance social spending.

This was just one of the outcomes of last week's fourth round of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing. China committed "to increase the number of SOEs that pay dividends as well as to increase the amount of dividends actually paid."

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Ukrainian protestors stand at Brandenburg Gate in Berlin to mark Vyshyvanka Day, an International day to celebrate Ukrainian heritage and traditions

Lisa Berdet, Lila Paulou and Bertrand Hauger.

👋 Guten Tag!*

Welcome to Friday, where Russia intensifies shelling in eastern Ukraine, Biden lands in South Korea, and a Mercedes becomes the most expensive car ever sold. Meanwhile, for German daily die Welt, Cosima Lutz explores the sizzling question of the skyrocketing price of cooking oils.

[*German]

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