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In today's world, China has become an important player vis-à-vis the European Union. This publication provides knowledge and considerate recommendations that constitute a valuable contribution to the development of a European strategy for China. It is an invitation to study China's economic and political development based on facts, and different opinions of people in business, politics and academia. It looks into history, economic competition, and the reasons and consequences of geopolitical confrontation. With his methodical approach and his experiences as a visiting professor in China for...

Complex dynamic processes of life and sciences generate risks that have to be taken. The need for clear and distinctive definitions of different kinds of risks, adequate methods and parsimonious models is obvious. The identification of important risk factors and the quantification of risk stemming from an interplay between many risk factors is a prerequisite for mastering the challenges of risk perception, analysis and management successfully. The increasing complexity of stochastic systems, especially in finance, have catalysed the use of advanced statistical methods for these tasks. The...