China, Europe and the U.S. Struggle for Satellite Supremacy
The saga over who owns a German satellite operator demonstrates how quickly Western attitudes to Chinese investment have changed.
The battle for control over vital communications satellites orbiting space has sparked a long-running corporate drama back on Earth which — though centered around the tiny European country of Liechtenstein — demonstrates the intense rivalry and mutual distrust between China and the U.S. and Europe.
Last month, the German government blocked a Chinese consortium’s efforts to gain full control of Kleo Connect, a local firm which had plans to launch this decade the sort of low earth orbit (
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Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.