China’s ‘Never Again’ Mentality
Western analysts often overlook how much of China’s modern-day policy is driven by the collective trauma of its colonial past.
Trump dangles cash for US firms moving from China
US President Donald Trump wants to offer tax credits to entice US firms to move factories out of China.
Coronavirus recovery: China’s prudent monetary policy shows where smart money is
In other major economies, central banks’ response to Covid-19 has been a dramatic loosening of monetary policy, but China’s central bank has been more nuanced The recovery of China’s economy has proceeded without the PBOC going all-in, leaving it more options to use in the future
Huawei faces ‘impossible’ challenge after latest US tech sanctions, say analysts
The battleground in the US-China tech war has widened from semiconductors and next-generation 5G wireless networks to apps and cloud services in recent weeks On Monday the US Commerce Department added another 38 Huawei affiliates to its Entity List, banning them from purchasing US products
US further tightens restrictions on Huawei’s access to chips
Under new rules issued by the Commerce Department, any company that sells Huawei any products made anywhere with US technology will require a licence The Trump administration has also pressured other governments to restrict Huawei from building their 5G networks
US expands Huawei ban to third-country chip vendors
The US Commerce Department issued Monday new rules expanding restrictions on Huawei, in a move that will further narrow the Chinese telecommunications equipment maker’s access to crucial chips. The move could further close what some US officials call “loopholes” in Huawei’s chip supply chain, forcing non-US companies to apply for a license to sell chips made using American technology to Huawei.
China to expand digital currency pilot to 3 regions
The new test regions include some of the country’s most developed financial hubs like Hong Kong and Shanghai.
JD.com cites ‘record’ 618 for Q2 earnings beat
JD.com shares closed nearly 8% higher on Monday after the Chinese online retailer posted robust top-line growth for the second quarter of this year, and announced a $830 million investment in its healthcare unit, JD Health. JD announced its stronger-than-than expected results against a backdrop of domestic consumption slowly recovering from the disruption brought by the Covid-19 pandemic.
Chinese companies face limited ratings risk if they are forced to delist by the US: S&P
Chinese companies face limited ratings risk if they are forced to delist by the US: S&P
Of rated Chinese firms with primary US listings, only one faces potential default triggers, according to S&P US has proposed rules that would require foreign issuers to delist if they do not share audits for review by January 2022
Hongkongers eye deals in Greater Bay Area city Zhongshan, turn to the internet to buy property
Coronavirus pandemic is an ‘opportunity to buy’, as prices will rebound when it is contained, buyer says Hong Kong investors spent about 40 billion yuan on homes in the development zone last year, an increase of 300 per cent over 2018
China’s Weak July Could Spell Trouble For Luxury Brands
The National Bureau of Statistics of China announced in a statement that the country’s total retail sales of consumer goods during July reached $4.64 million (3.22 billion yuan). It was a year-on-year decrease of 1.1 percent but a rise from 1.8 percent in June.
Chinese investments face new rules
A draft amendment aims to close loopholes and change how a Taiwanese firm is deemed to be under the control of a Chinese company
Chinese Candidates Explain Recruiting in China
You are unreasonable asking questions about my work history. I just call the company HR directly, and they do not ask silly questions. They are impressed by my audacity and send me direct to the hiring manager who asks what I will do to make them better when hired.
China-Australia trade dispute extends to wine as Beijing targets cheap imports in anti-dumping probe
China’s Ministry of Commerce confirms start of investigation following a complaint from the China Alcoholic Drinks Association on behalf of the domestic industry Penfolds’ Treasury Wine Estates and Yellow Tail’s Casella Wines named, as well as South Australia’s Accolade Wines and Victoria’s The Wine Company
There could be more to this wine war than just another trade stoush with China
Chinese authorities may have chosen their bullet well for the latest shot in an ongoing trade row
China’s rare earth export plunge caused by coronavirus, not Beijing agenda, industry group says
An official at the China Rare Earth Industry Association says geopolitical factors were not behind a drop in China’s rare earth exports last month Beijing briefly used rare earths as a geopolitical weapon against Tokyo in 2010, in a territorial dispute over the East China Sea
China-US relations: keep calm and don’t decouple, Chinese professor urges
If one country wants to decouple, it’s best if others don’t follow suit, Peking University academic tells online forum China must instead focus on integration and making its products as compatible as possible with the rest of the world, he says
Can India economically decouple itself from China?
India has banned the use of more than 100 Chinese apps, including the TikTok video-sharing platform and the WeChat messaging app. It has also barred gear from telecommunications equipment makers Huawei and ZTE. The government has tightened screening of foreign investment and bidding on public projects by “countries bordering on India.” Critics say India is shooting itself in the foot. According to The Economic Times, an Indian newspaper, the country relies on Chinese products, including those manufactured in India, for 90% of its solar panels, 70% of its smartphones and 60% of its raw materials for drugs.
China food security: country faces ‘grain supply gap of 130 million tonnes by 2025’ as rural workforce dwindles
China is expected to face a grain supply gap of about 130 million tonnes by the end of 2025, according to the China Academy of Social Sciences China’s looming supply shortage is a result of the increasing urbanisation and an ageing rural workforce
Attacking TikTok won’t better protect Americans’ data privacy, and Donald Trump knows it
Trump’s ban on Chinese apps is a cynical attempt to bolster his election campaign Data security is a huge issue that needs to be tackled, but the US government is skipping the hard work of regulating technology platforms and truly holding them accountable
US curbs on China’s Confucius Institutes are welcome, but they’re not the real target
The Trump administration should drop the far-fetched narrative that Beijing is foisting Communist Party propaganda on unsuspecting Americans learning Mandarin, and focus on the real threats China’s authoritarian government poses
Chinese Web Celebs Appointed to Party-Backed Youth Organization
To the surprise of many online observers, pastoral life vlogger Li Ziqi and commercial livestreamer Wei Ya have been included among the All-China Youth Federation’s current cohort of 1,375 members.
Now is the time for Hongkongers to upgrade to a bigger, better flat as coronavirus makes work-from-home the new norm
Many local Hongkongers and expatriate permanent residents are looking at moving to more spacious homes in better locations Now is a good time to do it, with banks still happy to lend and interest rates remaining at historic lows even as a new low-rate cycle begins, writes Victoria Allan of Habitat Property
WHAT’S OLD IS NEW: MEET THE ‘HANFU’ INNOVATORS AT TAOBAO MAKER FESTIVAL
China’s fast-growing retro-fashion scene has emerged as a focal point of this year’s Taobao Maker Festival, which has spotlighted some of the platform’s most-exciting, heritage-inspired fashions since kicking off on July 29.
Meng Wanzhou’s lawyers want evidence revealed, saying documents cannot be redacted to shield official ‘misconduct’
At a hearing in Vancouver, a lawyer for Huawei executive Meng suggests redactions to documents concerning her arrest could be for ‘strategic’ purposes Meng is fighting extradition on the grounds that her 2018 arrest and the US fraud charges against her are abuses of process
Coronavirus: China’s State Council urges local authorities to speed up fiscal support for small firms
The State Council has urged local authorities to swiftly allocate central government support to help businesses and households recover from the coronavirus pandemic China has budgeted about 2 trillion yuan (US$288.2 billion) to cushion the impact of the virus in the first eight months of the year, including 300 billion yuan in tax and fee cuts
Coronavirus vaccine could boost state-owned Sinopharm’s revenue by US$9.5 billion
Parent of Hong Kong-listed drugs distributor Sinopharm Group is conducting phase three trials in UAE Vaccine expected to be priced at several hundred yuan per dose, chairman says
Coronavirus recovery: Population crisis adds to shadow over global future
Birth rates around the world are declining at an alarming rate, with major implications for future growth, prosperity and social stability Future monetary and fiscal incentives must be attuned to rebuilding the right conditions and incentives for sustainable global population growth ahead
If experimental Covid-19 vaccines fail, will we accept that outcome?
High hopes and large sums are invested in vaccines being approved and proving successful, but this is far from guaranteed With several vaccine candidates in their final stage of human trials, there are several hurdles still to be negotiated
Chinese tourists make a splash in Wuhan as millions of visitors flock to former heart of coronavirus outbreak
Images of a tightly packed pool party show how far efforts to revive Hubei tourism have come Visitors to province have to undergo health checks but World Health Organisation still warns against mass gatherings
US sanctions will make everyday life a headache for Hong Kong’s political leaders and their families, from closed accounts to blocked payments
Sanctions can lead to bank account closures, credit card cancellations, compliance officials say Banks wary of running afoul of US regulators, losing access to American financial system
Could Donald Trump’s latest overtures to Russia add to pressure on China? Observers aren’t so sure
The US president reportedly wants to meet Vladimir Putin before November’s election to secure a foreign policy win A nuclear arms deal could cause problems for Beijing, but analysts doubt much progress will be made
US charges Hong Kong-born former CIA officer with selling secrets to China
Alexander Yuk Ching Ma, 67, could face life in prison for allegedly conspiring to communicate national defence information to aid a foreign government FBI document says Ma’s spying started in 2001, when he and his Los Angeles-based relative met Chinese operatives in Hong Kong hotel room
Has China’s annual Beidaihe leaders’ retreat already happened in secret?
Leaders vanished from view after July meeting at which October plenum was announced and President Xi Jinping set out 2035 development strategy Challenges for China may have made it preferable to Xi to minimise formal policy discussion at the retreat rather than face difficult questions, observers say
Shanghai police chief under investigation as anti-corruption campaign targets security services
Gong Daoan is the second major city police commander to be placed under investigation since the start of a major anti-graft drive ‘Rectification campaign’ is designed to root out political disloyalty and corruption among law enforcement, judges and prosecutors
Coronavirus: American Chamber of Commerce gets permission to fly business executives to China
Many foreigners working in China have been unable to return as a result of Covid-19 restrictions imposed in March The trade body has now secured permission for a charter flight next month but tight restrictions remain on those allowed to re-enter
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