CAMBRIDGE It is common to think of US-China tensions as the inevitable result of stark differences between the two countries. The United States has a fully capitalist market economy, whereas the Chinese government keeps a strong hand on the economic tiller. For all its faults, the US is a democracy, whereas China is a single-party system that brooks no political challenge.
As well as massive cuts in social programmes, the president of the Kiel Institute for the World Economy is proposing an annual special fund of €150 billion for the military, financed through credit. Just as under the Nazis, such massive credits can only be repaid through the booty of imperialist wars of conquest.
The first balls fly at exactly five minutes to twelve. The Swedish company Northvolt begins the construction of its Gigafactory for e-car batteries near Heide with a short interlude of this.