April 13, 2023

April 2023 Newsletter

Dear members of the HVTT community, It feels almost unreal. All traces of the previously so rigorous Chinese Covid regime are completely gone. Society is back to normal. It will take years until we know which policies around the world were more efficient in combating the pandemic outbreak. One serious effect of the Chinese strict control was that very few foreigners visited China in the past 3,5 years. The media reporting in the West focused on negative issues, which left many with the impression that China was standing still or even stagnating. Nothing could be farther from the truth. Although the economy took a severe beating last year, in the progress has continued unabated. Innovation, new regulations, modification of regulations, distorting business models and so on have all developed uninterrupted. It is sometimes said that the speed of one year in China corresponds to three years in the West. If...
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