China Press Review – July 05, 2017

Press review

China’s Xi hopes G20 will continue to champion open world economy
Xi made the appeal in a signed article published Tuesday on mainstream German media before he travels to the European country for a state visit and the upcoming G20 Hamburg summit.

Three things to watch out for at the G20
The question is, which side China will stand on. Will it side with US in case of a trade war? Or with Europe?

Commentary: It’s right time for China, EU to deepen cooperation
It’s no secret that China and the EU continue to bicker on issues like steel overcapacity, market economy status, and market openness. But these do not constitute the mainstream of China-EU relations. In the context of increasing global uncertainties, it’s of greater significance than ever for China and the EU to cement their ties.

China praises ‘pragmatic’ partnership with Germany
Pragmatic cooperation between China and Germany is a guiding factor in the China-Europe relationship and a great example of cooperation by the most important economies in the world, Chinese President Xi Jinping said in a signed article published on Tuesday.

How China’s debt binge threatens Australia
No country can be indifferent to China’s economy, especially not Australia. We’re more exposed to what goes on in it than just about any other nation. China has long been the biggest market for our commodities, such as iron ore, coal and wool. And now it is the largest foreign buyer of our services, especially education and tourism. The upshot? Many thousands of Australian jobs depend on the health of the Chinese economy

Xi Jinping and Putin join forces to halt North Korean crisis
Xi Jinping and Vladimir Putin, meeting in Moscow, reiterate their own proposal for a freeze in North Korean missile tests and a matching one on US and South Korean military drills and for dialogue to resume

Russia & China sign $10bn investment fund to ease ruble-yuan settlements
The agreement was signed at a meeting between Russian President Vladimir Putin and Chinese President Xi Jinping, who is in Russia on an official visit.

Russia’s Gazprom to supply gas to China from the end of 2019 in sign of tighter energy ties
New sales contract signed on the sidelines of Chinese President Xi Jinping’s visit to Moscow, while industry executives from both sides also held talks on expanding trade in crude oil

Is Xi the next Mao?
In 1989, all eyes were on China as students protested authoritarian rule at Tiananmen Square. For a moment the world was hopeful that China might democratise just as many of the Eastern Bloc nations had done with the Cold War near its end. But while China has liberalised its economy and opened up trade, political liberalisation has been limited. Since President Xi Jinping took over in 2012, the country appears to be taking an even more authoritarian turn.

Is Xi the next Mao?

Commentary: 20 years later, Hong Kong an embattled one city, two people
Hong Kong may have benefitted economically from the “one country, two systems” formula. But events from its 20th anniversary suggests simmering tensions beneath the surface, argues Chong Ja Ian.

Hong Kong’s cultural power
On the occasion of the 20th anniversary of the Hong Kong handover, its people have every reason to be proud of its triumphs in culture and tourism, which are the solid foundation of its continued success even under Chinese rule.

China Caixin service PMI edges down
China’s service sector growth cooled slightly in June, but remained in expansionary territory, a private survey showed Wednesday.

China’s cooling property market could weigh on the economy
A slowdown in the property sector, a driver of economic growth, could squeeze anything from investment to consumption and local government revenue, analysts say

Propping up China’s yuan hindering efforts to make it international currency, says economist
Beijing also seems in less of a hurry to promote the yuan as an equal to the dollar and other major currencies in global transactions, says analyst

China’s economy stable amid complex conditions, central bank says
People’s Bank of China also noted that more should be done to detect financial risks

China’s shadow banking lacks sufficient regulation: central bank
Compared with traditional bank lending, the opaque nature of shadow banking products make it easier for them to bypass regulatory requirements and provide credit to restricted areas, the People’s Bank of China (PBOC) said in its annual China Financial Stability Report released online.

Meet tech giants’ mortal enemies: law and order
It is politics that has prompted Trump to chase after Amazon, not taxes. While in China, titans in the private sector like Alibaba and Tencent (700.HK) as well as state-owned companies such as ICBC (1398.HK), PetroChina (857.HK) and China Mobile (941.HK) have learned to be obedient, but the legal and policy issues they face will inevitably increase in the future.

Global Reflation As China Begins Tightening
Until recently, the conventional wisdom was that China’s contribution to global reflation would be increasingly accompanied by those of the US and Europe. Yet, the realities may look grimmer than anticipated.

Foreign brands are capturing less of China’s consumer market
Foreign brands are falling from favor in China, the world’s biggest consumer market, according to reports by Nielsen Holdings Plc and Bain & Co.

A ‘Flying Leap’ in Chinese branding
The world’s second-largest economy has often struggled to gain prestige abroad. That looks as if it could finally change, Nathan VanderKlippe writes, with names such as Feiyue, a Shanghai shoe brand that went from humble beginnings to global success, breaking the mould

China’s Electric Cars Are Actually Pretty Dirty
The technology is only as clean as its sources of power.

LeEco faces tightening pressure as court freezes another $2.3 billion in assets
Cash-strapped LeEco plunged deeper into crisis as the Shanghai High People’s Court froze 519 million Leshi shares controlled by company chairman, Jia Yueting, over unpaid debts connected to the firm’s smartphone businesses. The shares frozen this time are worth around RMB 15.927 billion ($2.3 billion), calculated at 30.68 apiece, according to an announcement from the firm.

China set to add another ‘cashless’ city
Tech giant Alibaba’s financial arm, Ant Financial, has clinched an agreement with Tianjin municipality, vowing to transform the latter into the first “cashless” city in North China.

7 Reasons To Love Alibaba
There are many reasons to love the Chinese e-commerce darling Alibaba Group (NYSE: BABA ) . The stock has captured the imagination of investors around the world from its IPO in September 2014 to today. But the question is, does this behemoth still make sense as an investment?

Chinese telecom giants to pilot 5G technology
China’s three major telecom operators will pilot 5G technology in several cities during the second half of this year, the Economic Information Daily reported Wednesda

Why Investing In China Has Been ‘Dead Money’ Over The Past Decade
Few investment themes have promised more but delivered less than investing in China.

Why Investing in China Has Been ‘Dead Money’ over the Past Decade

Labor Disputes in China: Prepare for Aggressive Negotiating, Uncomfortable Concessions – Part Two
Employers that have strong internal controls and HR administration, however, can mitigate the potential for labor disputes, and the aggressive behavior that is sometimes associated with their settlement.

Labor Disputes in China: Prepare for Aggressive Negotiating, Uncomfortable Concessions – Part Two

Q2 2017 China Data: The Stats You Need to Know – CKGSB Knowledge

Q2 2017 China Data: The Stats You Need to Know

Chinese, German carmakers redefine cooperation models
New energy vehicle markers are redefining the pattern of cooperation between Chinese and German carmakers, said China News Services on Tuesday citing an industry insider on Tuesday.

5 Major Beauty Apps in China You Should Know
The proliferation of social media and interactive smartphone-based apps has demonstrated that e-marketing is an irreversible trend. A 2016 McKinsey report shows that over 44 percent of all luxury goods sales are influenced by Internet research or online buzz. That means, even if not all social media users are buying, you want your brand followers and onlookers to talk about you on the Internet. In the case of China, the latest battlefield is beauty camera apps, which have become an overnight hit in the West.

5 Major Beauty Apps in China You Should Know

Chinese billionaire Jia Yueting’s vision of an empire to rival Apple, Tesla and Amazon is fading fast
A Shanghai court has frozen the 16 billion yuan stake Jia owns in LeEco’s Shenzhen-listed Leshi Internet Information & Technology Corp.

Beijing to let foreign doctors treat Nobel laureate Liu Xiaobo’s cancer in China
Overseas experts to join team of Chinese doctors treating the jailed former political activist in hospital, but his family still want him to be treated abroad, friend says

Want to leave a memory that lasts a lifetime? You have less than 30 minutes, Chinese scientists say
Peking University researchers determine the narrow window of time in which long-term memories are created

Here’s why Tencent’s Honour of Kings has 200 million players
Since its launch in 2015, Honour of Kings, developed by gaming and social media giant Tencent, has grown to become the highest grossing mobile game in China on both iOS and Android.

The top engineer with the key to China’s dream of having the world’s most powerful navy
Almost every research topic Rear Admiral Ma Weiming has studied in recent years has resulted in actual equipment on Chinese warships, his colleague says

China makes key breakthrough in artificial sun research
Scientists in China announced they have set a world record by achieving 101.2 seconds of steady-state H-mode operation of the tokamak, an experimental device designed to harness the energy of fusion.

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