China Press Review – Jan. 3, 2019

Press review

‘China, China, China’: Trump’s new Pentagon chief Patrick Shanahan sets US defence priorities
Patrick Shanahan tells Pentagon staff to focus on the US National Defence Strategy that highlights the ‘Great Power competition’ with Russia and China      The strategy views China as ‘a strategic competitor’ seeking Indo-Pacific regional hegemony and to displace the US in global pre-eminence

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says
Yu Yongding, a senior research fellow at the Chinese Academy of Social Sciences, is the first domestic economist to call for Beijing to protect the growth rate in 2019   President Xi Jinping has already warned of the challenges ahead in 2019, without specifically mentioning the trade war with the United States

China’s 2019 growth outlook
In 2019, the Chinese economy will have to cope with great international uncertainty and even more extraordinary market volatility

Monetary policy to be more focused
State Council executive meeting calls for tightening of monetary policy to avoid aggressive credit expansion and continued support for SMEs

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?
The People’s Bank of China has changed the definition of a small business to encourage banks to increase lending amid the trade war with the United States  Estimates of amount of liquidity the targeted reserve-requirement ratio cut will release range from 400 billion yuan to 700 billion yuan

U.S.-China Trade War Truce — Who Benefits?
The answer might surprise you. Two of Germany’s largest car makers stand to be immediate beneficiaries of a reduction in trade tensions between the U.S. and China. Currently, America’s automakers export more of their cars to China than it imports from that market, and BMW AG and Daimler AG lead the way with their American-made cars. Over the years, both companies have invested heavily in the U.S. to build factories that supply not only American drivers but also the export markets, including China.

More than US$1bil wiped off China car titan Geely in sell-off
Geely isn’t the only carmaker facing challenges. Hong Kong-traded peers BYD Co, Great Wall Motor Co. and others have all been falling since trading kicked off in the New Year Wednesday.

China’s Key Things to Watch in 2019, With or Without a Trade War
Property policies are central to when economy bottoms: Nomura      HSBC says leveling private-state playing field is pivotal
China Easing Expected as $625 Billion ‘Liquidity Hole’ Opens Up
PBOC will probably cut reserve requirement ratio, Citic says      Citic estimates 1 trillion yuan cash withdrawals for holiday

Taiwan’s Tsai Ing-wen urged to stand aside by hardline pro-independence faction
Senior party activists want Tsai to drop plans for second term as president and take a back seat role for the rest of this one       Current situation is severe for Democratic Progressive Party, according to open letter

Can Taiwan stay independent from China?
Military threats and diplomatic pressure intensifying

How China’s Big Overseas Initiative Threatens Global Climate Progress
China’s Belt and Road Initiative is a colossal infrastructure plan that could transform the economies of nations around the world. But with its focus on coal-fired power plants, the effort could obliterate any chance of reducing emissions and tip the world into catastrophic climate change.

China’s war on particulate air pollution is causing more severe ozone pollution
In early 2013, the Chinese government declared a war on air pollution and began instituting stringent policies to regulate the emissions of fine particulate matter, a pollutant known as PM 2.5. Cities restricted the number of cars on the road, coal-fired power plants reduced emissions or were shuttered and replaced with natural gas. Over the course of five years, PM 2.5 concentrations in eastern China have fallen nearly 40 percent.

China’s Chang’e 4 lunar probe sends first photo of far side of the moon after historic soft landing
The soft landing by Chang’e 4 marks the start of a historic survey of a lunar region that has never been explored

What you need to know about Chang’e 4, China’s mission to the far side of the moon
From the myths that inspired the name of the Chang’e landing to the future of space exploration, we take a look at some of the most interesting aspects of this mission

China’s Moon Landing: ‘New Chapter in Humanity’s Exploration of the Moon’
It was China’s second moon landing, and the first spacecraft to touch down on the side of the moon that always faces away from Earth.

Chinese AI, biotech talent in line for biggest increase in bonuses, according to survey
Average bonus for hi-tech sector employees to rise by 12 per cent      Manufacturing, hit by US-China trade war, in line for smallest increase

Full speed ahead for China’s high-speed rail network in 2019 in bid to boost slowing economy
The state-owned China Railway Corporation plans to put a total of 6,800km of new track into service this year, a 45 per cent increase in expansion from 2018      Significant infrastructure investment by a Beijing government keen to offset the trade war with the United States

Huawei founder stresses trustworthiness as top priority in letter to employees
Huawei cites cybersecurity and privacy protection as top priorities     The Shenzhen-based telecommunications equipment supplier has secured more than 26 commercial contracts for 5G

Companies from Apple to Ford are flashing warning signs about the Chinese economy
The trade war between the world’s two largest economies is starting to slow their pace of growth, especially in China.  Apple lowered its first-quarter revenue projection, blaming a slowing economy in China and the trade war for a drop in consumer demand.   Stocks in Asia were mostly lower Thursday morning and U.S. futures pointed to another volatile session for Wall Street following Apple’s forecast.

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war
Apple shares fell 7.6 per cent, after it announced disappointing revenue of US$84 billion in the quarter ended December   CEO Tim Cook said Apple ‘did not foresee the magnitude of the economic deceleration, particularly in Greater China’

Luxury Goods Stocks Slump as Apple China Warning Ripples Through Markets
European-listed luxury goods stocks tumbled Thursday as investors worried that Apple Inc.’s surprise revenue warning, which it blamed on slowing China sales, signaled weaker consumer spending in the world’s second largest economy.

Nearly half of India’s top-100 Android apps come from China
Forty-four Chinese apps made it onto a list of India’s top-100 Android apps in 2018, up from last year’s figure of 18, according to data from research institute Sensor Tower. ByteDance’s video app TikTok, Alibaba’s UC Browser, and language service Helo are some of the top-ranking apps. Five apps on the top-10 list come from China.

Seeking Capital for the Capital: Will India and China Jointly Fund Amaravati?
The story of Amaravati went from a regional tussle to being part of global processes.

podcast : China in 3 Years — Year of the Tiger (2022)
A new year usually means predictions for the next 12 months — but in the case of China trade that would just be too bleak. Instead, ChinaSolved is making broader predictions about longer term trends: Divergence, Alliances, and Island Building:

Hong Kong-Zhuhai-Macau Bridge named China’s top technological advancement of 2018
World’s longest sea crossing fends off supercomputer and high-yield rice to take top spot on scientific academies’ annual rankings       Nasa mission to put InSight lander on Mars, cloned monkeys recognised on global achievements list

The latest injection is on top of Beijing reportedly pledging US$2 billion in July last year to help Pakistan weather its turbulent economy      In the past year the rupee has lost more than a fifth of its value against the US dolla

China’s population shrinks amid rising education, health and housing costs
The country of 1.4-billion people saw about 11.58-million deaths in 2018, with the total population shrinking by 1.27-million

Beijing’s ever-changing approach to ‘renegade province’ Taiwan
From Mao’s letter vowing to take the island by force if necessary to strained ties under Tsai Ing-wen, unification has always been the Communist Party’s goal

China’s ‘Jack the Ripper’ executed for murder of 11 women and girls
Gao Chengyong’s ‘despicable, perverted desire’ left trail of mutilated dead that began in 1988     DNA sample from distant relative in bribery case became vital clue in murders

China’s thirst for coffee underlies the rapid rise of Luckin Coffee
When Starbucks came to China, it promised to open a new store every 15 hours. Luckin Coffee opens a new shop every four hours.    Luckin Coffee burst onto China’s coffee scene in January 2018 when the company opened its first store. Since then, Luckin has expanded to 2,000 stores in 21 cities across China, serving up more than 85 million cups of coffee to a customer base some 12 million strong.

China reveals plans for carrier relocation to Beijing’s new airport
China’s aviation regulator published on Thursday plans for airline relocation to Beijing’s new mega-airport set to open this year and said it would let foreign carriers decide which of the capital’s airports they will use.

2018, Hong Kong’s second-best year for property sales at US$93 billion, ended with a whimper in December
Property sales last month fell by 58 per cent year on year, according to Midland Realty    Number of ready-to-sell homes to increase in 2019

China’s education ministry bans harmful apps from school campuses
“From now on, uncensored educational apps will be banned in schools,” the ministry said. Apps or WeChat Official Accounts that feature pornographic and violent content, online gaming, and advertising will be defined as harmful and should be immediately deleted from mobile devices.

Censoring China’s Internet, for Stability and Profit
Thousands of low-wage workers in “censorship factories” trawl the online world for forbidden content, where even a photo of an empty chair could cause big trouble.

7 Words That Defined China’s Year in Gaming
Sixth Tone looks back over a manic year of highs and lows in China’s gaming industry.

Alain Gillard
Information Officer
Service Asie Pacifique
Place Sainctelette 2
1080 Bruxelles
Tél 02 421 85 09 – Fax 02 421 87 75
Copyright © 2019 awex, All rights reserved.