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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...

China wird unsere Zukunft bestimmen. Nicht nur unser Wohlstand hängt vom Handel mit der aufstrebenden Wirtschaftsmacht ab. Globale Probleme, allen voran der Klimawandel, können nur mit Chinas Mitarbeit bewältigt werden. Viele sehen in der kommunistischen Volksrepublik eine Gefahr für die internationale Ordnung, für Frieden und Demokratie. Europa muss einen Weg finden, mit China umzugehen. Dafür müssen wir dieses riesige Land mit seiner Geschichte und Politik besser verstehen.Gerhard Stahl beschreibt die Veränderungen der chinesischen Gesellschaft. Er skizziert das chinesische...

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...