Billions Recap: I Learned It From Watching You, Dad! © 2021 Vox Media, LLC. “China is the present and the future of German carmakers,” says Noah Barkin of Rhodium Group, a research firm. Robert 'Bobby' Axelrod is the CEO of Axe Capital, a multibillion dollar hedge fund originally located in Conneticut then moving to New York City in Season 3. VW denies the accusation. Kylie Jenner’s Billionaire Status Questioned by, She then called out the report’s “inaccurate statements and unproven assumptions.”. Without China it would have been hit harder both by the “Dieselgate” emissions scandal and by the pandemic. Indeed, many German firms, from medium-sized Mittelstand stalwarts like Hawe to its bluest chips, are doubling down on the Middle Kingdom. And that advantage is being eroded as more Chinese firms follow its electric-car industry in becoming more sophisticated. That is why German business applauded the hasty conclusion last month, in the last days of Germany’s rotating presidency of the EU Council, of an investment treaty between the bloc and China. Billions is an American television drama series created by Brian Koppelman, David Levien, and Andrew Ross Sorkin, starring Paul Giamatti and Damian Lewis, that premiered on Showtime on January 17, 2016. No wonder carmakers are genuflecting before China’s Communist Party. The ball has also grown in diameter from 5 feet to now 12 feet. Although the most China-dependent American companies, like its casino operators and chipmakers, get more of their revenues from the Asian giant than the most exposed German firms, German Sino-dependency is concentrated in its biggest and most powerful industries (see chart). Billions Recap: Rocking With the Marauders. A beginner’s guide to Bitcoin, crypto mining, and Axe’s latest scheme. VW recently bought a stake in Gotion High-Tech, a maker of batteries, to bolster its “electrification strategy in China”. Four seasons in, and the adrenaline rush of the game continues to fuel our main players’ existences — but at some seriously crippling costs. China is already the world’s second-biggest exporter of such kit. Considering just how strong Goku is by the end of Dragon Ball Super thanks to Mastered Ultra Instinct, itâs a bit hard to believe he was only a bit stronger than the average Earthling all the way back in Dragon Ball âs very first arc. The Reddit-GameStop Saga Is A âBillionsâ Episode Happening In Real-Time. Even Metallica. Copyright © The Economist Newspaper Limited 2021. As usual, it’s a ton of fun watching Chuck carry out his schemes, even though they never amount to anything. Chuck and Axe are more alike than they’d care to admit. This episode reopens the discussion of whether Wendy is the most nefarious character on the show, and as of this moment, all signs point to yes. Chuck’s power grows and Axe’s fixation on the Sandicot deal further consumes him. Wendy considers an offer from a rival hedge fund. In December Ola Källenius, boss of Daimler (in which two Chinese carmakers hold a combined 15% stake) hailed a “remarkable” recovery in China, the largest and most lucrative market for its Mercedes-Benz brand, whose sales grew by double digits for six straight months. Daimler’s latest annual report calls China “a significant market for new technologies”. In 2019 Germany accounted for 37% of that, or €206bn. As the world’s biggest market, China accounts for two in five cars the Volkswagen Group sells globally. All rights reserved. “That skill set, whatever it is, is not mine.”, “We’ve been studying how to do this for a very, very long time.”, The people behind the show with the most distinctive voice on television reveal what makes the dialogue on, Actor Toby Leonard Moore Always Has Vegemite on Hand, By submitting your email, you agree to our. Keep up with all the drama from your favorite shows, This site is protected by reCAPTCHA and the Google, The Bachelor Presents: Listen to Your Heart, Wet Hot American Summer: First Day of Camp, The Bobby Axelrod philosophy: “We are friends for life, or you don’t exist to me.”. Due to the COVID-19 pandemic, only 7 episodes from Season 5 ⦠China is also Germany’s top supplier; its share of German imports rose to more than 11% in the same period, from less than 10% in 2019. Of Germany’s 15 most valuable listed firms, ten derive at least a tenth of revenues from China, according to The Economist’s rough estimates; in America, less than half do.