China Press Review – August 30, 2018

Press review

Is China’s first tax cut in 7 years too little, too late to boost consumer spending?
China cuts individual income taxes for first time since 2011, but hopes for consumer spending boost questioned
www.scmp.com

After Communist Party summer retreat, Xi Jinping is sticking to his policies
President has held at least four high-level meetings since the Beidaihe session wrapped up, but analysts say there are no signs of any big changes
www.scmp.com

Expect ‘deep structural change’ in ties between China and US, senior adviser says
State media commentary calling for ‘strategic confidence’ to deal with trade war pressure a clear sign Beijing expects fight to intensify, according to analysts
www.scmp.com

The trade war won’t cause any ‘major’ hit to China’s economy, Morgan Stanley says
The Chinese government will continue implementing measures in order to cushion its economy from the impact of the ongoing trade spat with the U.S., a leading China economist said Wednesday.
www.cnbc.com

Fact check: who has the most to lose in US-China trade war?
The evidence suggests that China has more to lose economically, given that it exports nearly four times the value of goods to the US. However, unless a solution is found soon, the trade war is likely to hurt Trump the most politically.
www.theweek.co.uk/fact-check/96118/fact-check-who-has-the-most-to-lose-in-us-china-trade-war

Tariffs on China Products: Act by September 6 or Forever Hold your Peace
In talking with one of our international trade lawyers yesterday I learned that September 6th is the next key date regarding the $200 billion round of tariffs against China imports. This is the due date if you want to submit comments on your particular category of products in an effort to get that category removed from the tariff list.

Tariffs on China Products: Act by September 6 or Forever Hold your Peace

Taiwan risks getting trumped in trade war
In the firing line of US-China conflict, island economy must diversify
asia.nikkei.com

China taps Abe, Volvo and anything that sticks in trade war
Xi searches for better narrative to sell to the world
asia.nikkei.com

China and Japan Agree That Protectionist Policies Harm Everyone
Both nations agreed that “making protectionist moves, or using so-called inward-looking policies, isn’t in the interests of any nation,” Japanese Finance Minister Taro Aso told reporters in Beijing after meeting with Chinese Vice Premiers Liu He and Han Zheng, There was also discussion of trade with the U.S. at the meetings on Thursday, Aso said.
www.bloomberg.com

Japan files complaint with Beijing after reporter blocked from covering Chinese Foreign Minister Wang Yi
Despite the protest, Tokyo says bilateral relations between the two regional rivals are improving
www.scmp.com

Mahathir, China and neo-colonialism
Beijing will not forget Malaysian premier’s barbed attack on Belt and Road
asia.nikkei.com

Why grocery shopping in Hong Kong is still a walk down the aisle of bad deals
Richard Harris says Hong Kong’s Competition Commission should be taking on the big players, such as chain stores where the high unit prices affect people’s daily lives
www.scmp.com

Slower China Economy? Not for Clothes-Mad Shoppers Buying More
If China’s economy is slowing, it’s sparing shoppers of apparel and shoes for now, judging by prices of some raw materials.
www.bloomberg.com

China’s ailing rust belt struggles to shake off reliance on state support
The former industrial heartland of northeast China is still struggling to move on from the old economic model of heavy industry backed by the government
www.scmp.com

China Leaves US Behind With $5 Billion AI Investment
The influence of the Chinese government plays a key role in attracting investment
www.entrepreneur.com

Fosun back shopping for overseas deals as Chinese peers flinch
In sharp contrast, energy conglomerate CEFC cedes control of Czech assets
asia.nikkei.com

China’s ban on cryptocurrency events extends to Guangzhou
China’s ban on cryptocurrency promotional events now extends beyond the capital to Guangzhou

Briefing: China’s ban on cryptocurrency events extends to Guangzhou

Bad debt manager China Cinda to help top regulator tackle peer-to-peer lending risks
Company confirms China Banking and Insurance Regulatory Commission met big four bad debt managers over platform collapses
www.scmp.com

Hong Kong-listed Chinese developers post strong profits. So why aren’t investors on a buying binge?
Investors look ahead to see policy weights on property sector, as local governments adopt price caps that could limit future gains
www.scmp.com

China eyes exit, Nepal’s west Seti hydropower project in jeopardy
Chinese company finds the 750-megawatt West Seti hydropower project financially unfeasible due to high resettlement and rehabilitation costs
www.scmp.com

Briefing: Chinese robotics kit maker eyes for domestic market growth after raising RMB 300 million
What happened: Shenzhen-based STEAM education solution provider Makeblock announced that they have raised RMB 300 million in series C funding, led by CICC Alpha, valuing the company at RMB 2.5 billion. According to the company, the funds will be mainly used for research and development. The company said it will launch more affordable products in the future, targeting at regular families.

Briefing: Chinese robotics kit maker eyes for domestic market growth after raising RMB 300 million

More than 85% of China’s app users have had their data leaked: survey
A survey has found that 85.2 % of app users in China have experienced data leaks, according to a report by the China Consumer Association.

More than 85% of China’s app users have had their data leaked: survey



“Big Chinese” is edtech’s next big thing, but its path overseas is unclear

Teaching Chinese outside of China, however, may find it hard to find students or profit in the short run. Not only is there a supply and demand issue, but also the challenges of finding the right teaching model and dealing with local competition.

“Big Chinese” is edtech’s next big thing, but its path overseas is unclear

—————————————–
Alain Gillard
Information Officer
Awex
Service Asie Pacifique
Place Sainctelette 2
1080 Bruxelles
Tél 02 421 85 09 – Fax 02 421 87 75
a.gillard@awex.be
www.linkedin.com
Copyright © 2018 awex, All rights reserved.

↓