China Press Review – December 6, 2017

Press review

How to Succeed in China
Alibaba’s Jack Ma had three pieces of advice yesterday for companies that want to do business in China:
fortune.com

Shenzhen overtakes Guangzhou as biggest economy in southern China’s Guangdong province
New calculation methods see the city’s GDP figure for 2016 rising to more than US$302 billion
www.scmp.com

Spotlight: Better U.S.-China economic cooperation than trade war — American experts
U.S. experts are recommending “sustainable cooperation” between the United States and China instead of a trade war as their relations are interdependent.
news.xinhuanet.com

Fight for market economy status

Why the U.S. is blocking China’s bid
www.thehindu.com

Runaway borrowers the new face of China’s personal credit boom
Loans with high interest rates and penalties for delinquency now a burden for parents and siblings
www.scmp.com

China’s banks should give more support to small businesses, regulator says
China’s city commercial banks should direct more of their lending to small businesses in a bid to boost the private sector and address regional economic disparities, a senior banking regulator said in remarks published late on Tuesday.
www.scmp.com

Will tech firms challenge China’s ‘open’ internet?
Sometimes you can gauge how proud someone is about being at an event by the extent to which they want to talk about it. When that event is China’s annual global internet get-together in Wuzhen there are plenty who turn up, but fewer who want to advertise their attendance.
www.bbc.com

Chinese companies fined US$154 million for environmental offences
Beijing’s ‘zero tolerance’ policy sees total fines rise 48 per cent in first 10 months of the year
www.scmp.com

The China Conundrum
Although many unanswered questions remain, in this month’s edition of Business Insights, we attempt to recap recent Chinese actions with regard to recycled commodities and examine some of the issues going forward.
www.waste360.com

The Electric Vehicle Battery Industry in China

The electric vehicle (EV) industry is just one priority area of the country’s ‘Made in China 2025’ industrial strategy, which aims to transform China from a low-end manufacturer to a high-end one. Yet, the government’s goals for the industry are staggering: its target is to have five million electric vehicles on its roads by 2020, up from one million today.

The Electric Vehicle Battery Industry in China

Is China Ready for a Property Tax?
The announced tax is part of the Chinese government response to property market changes.
thediplomat.com

China coal cities secure $310 million ADB loan to revitalize economies
Four cities in northeast China have secured a loan of $310 million from the Asian Development Bank (ADB) to revitalize their economies, the bank said on Tuesday, two years after mass layoffs at local coal mines triggered unrest in the region
www.reuters.com

Yan Xuetong on How Germany and China Should Rethink the Global Order
“The current norms are no longer suitable.”
thediplomat.com

How can B&R boost local industrialization?
The infrastructure projects promoted by China focus on providing a foundation for industrialization. Its next step is helping more surrounding countries along the route to develop their manufacturing industry to offer more stable support. Of course, this next step is where the challenge lies. There are two issues that need to be addressed. First, how can the manufacturing industry of countries along the Belt and Road complement “Made in China,” and integrate in the global production chain? Second, how do we encourage the people of those countries to contribute to manufacturing?
www.globaltimes.cn/content/1079033.shtml

Climbing China’s debt mountain
The IMF’s upwardly revised forecasts bode well for the region’s project industry. The upgrades were predicated on the belief that Xi’s government would continue the policy of investment-fueled growth – designed to double real GDP over 2010-2020 – which has generated a large chunk of the demand from Asia enjoyed by carriers and forwarders this decade.

Climbing China’s Debt Mountain

State-owned Chinese newspaper on border with North Korea tells readers how to prepare for nuclear disaster
Advice issued as tension on the Korean peninsula continues to ratchet up
www.scmp.com

Number of Chinese property developers seen shrinking drastically in 3 to 5 years

UBS sees only single-digit thousands or even hundreds of the currently around 30,000 property firms surviving as the country’s property market cools
www.scmp.com

Starbucks is opening a store in China every 15 hours
The 30,000-square-foot Starbucks Reserve Roastery in Shanghai is the coffee chain’s second of the concept to open. It’s twice the size of Starbucks’ flagship Seattle location. Starbucks already operates more than 3,000 stores in China and plans to add 2,000 by 2021.
www.cnbc.com

China giants CNBM and Sinoma merge to become world’s largest cement maker, eye Silk Road growth
Country’s largest and fourth-largest cement producers aim for 100 plants in three to five years
www.scmp.com

Inside China’s Big Tech Conference, New Ways to Track Citizens
The technologies for tracking citizens, and their wide acceptance in China, were on display at the World Internet Conference.


Julia Gillard: World keen to learn from China’s education experience

Former Prime Minister of Australia, Julia Gillard, proclaimed global interest in boosting cooperation with China in the field of education and scientific research in an exclusive interview with China Daily.
www.chinadaily.com

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