China Press Review – June 25, 2020

Press review

Huawei and Hikvision are ‘backed by Chinese military’, Trump administration says
US Defence Department document lays groundwork for new US financial sanctions on top Chinese firms    List of 20 companies allegedly backed by People’s Liberation Army also includes China Mobile, China Telecom and Aviation Industry Corp of China
www.scmp.com

World Bank official to join China’s US trade talks team
Yang Yingming to take on international coordination role at Ministry of Finance as Beijing ‘tries to stop ties worsening’   Yang known for openness and sense of humour, sources say
www.scmp.com

China’s economic resilience explained
Widespread lockdowns and border closures aimed at combating the Covid-19 pandemic have interrupted global supply chains and largely paralysed the global economy. Yet, the real weakness of today’s global economy is not the vulnerability of its globalised production networks, but rather souring attitudes toward globalisation – and toward China in particular.
www.dailymaverick.co.za/opinionista/2020-06-24-chinas-economic-resilience-explained/#gsc.tab=0

Cainiao’s Global Logistics Push Ratchets Up
Cainiao Smart Logistics Network on Tuesday revealed plans to ramp up investments to expand its global logistics network and significantly slash delivery times over the next three years, moving Alibaba Group’s logistics arm closer to its goal of fulfilling deliveries within 24 hours in China and 72 hours globally.     Part of the initiative will be to quadruple Cainiao’s fleet of chartered flights from 260 to 1,260 over the next nine months, which would bring its average international airfreight delivery time down to three to five days as opposed to the current timeframe of seven to 10 days, the platform said.
www.alizila.com

Is there an upside for China in the US-EU tariff row?
The United States is planning new duties on European products in a 16-year dispute over aircraft subsidies     It could create more common ground between Beijing and Brussels but there are drawbacks, observers say
www.scmp.com

The fear of managing Chinese investment
The trend in advanced economies of closing up to Chinese foreign investment has accelerated during the economic downturn from the coronavirus pandemic   There is a fear among Australian, Japanese, European and other policymakers that cashed up Chinese companies will scoop up their distressed assets in a fire sale and take ownership of critical infrastructure, data and other national assets.
www.eastasiaforum.org

Opportunities for Foreign Investors in China’s Service Industries After COVID-19 – New Issue of China
This special Crisis Management issue of China Briefing Magazine, titled “Opportunities for Foreign Investors in China’s Service Industries After COVID-19” is out now and available as a complimentary download on the Asia Briefing Publication Store.
www.china-briefing.com

Coronavirus: face masks save lives, Japanese study says
Scientists used a computer model to show how Covid-19 death rates were higher in countries where people tended not to cover their mouths    Obese people less likely to wear masks, study says
www.scmp.com

Tencent snaps up assets of Malaysian streaming video service iflix in expansion drive
The Chinese internet giant has agreed to buy certain content, technology and resources from iflixThe deal is expected to help expand the audience of Tencent’s WeTV streaming video platform across Southeast Asia
www.scmp.com

Coronavirus: will vaccine deals lead to poorer countries missing out?
World leaders have called for vaccines to be a public good, but many countries are striking exclusive agreements with pharmaceutical firms  The ‘first thing to avoid … is the so-called vaccine nationalism’, GAVI director Zhang Li says
www.scmp.com

Coronavirus headlines, but South China Sea will be Asean’s focus
Leaders of the Southeast Asian bloc and China are to meet on Friday     Talks are likely to focus on recent clashes and code of conduct negotiations that have stalled over Beijing’s demand to restrict US activity in the waters
www.scmp.com

Confrontation with China ‘suicide’ for Indian economy
India has recently intensified tensions with China following a fatal border clash. There is a campaign to boycott Chinese products and Indian authorities are reportedly mulling higher trade barriers. These are undoubtedly suicide paths for India’s economic development.
www.globaltimes.cn/content/1192450.shtml

Can India afford to boycott Chinese products?
Anti-China sentiment has been on the rise in India since last week’s fatal border clash between the two nuclear-armed neighbours.
www.bbc.com

Australians pessimistic about economic outlook and even more suspicious of China: 2020 Lowy poll
The Lowy Institute’s 2020 “Understanding Australian Attitudes to the World” poll has found “unprecedented shifts” in Australian public opinion, with more people feeling unsafe in the world, optimism about the economy at an historic low, and a precipitate decline in trust in China.
theconversation.com

China urges Japan to just say no to hosting American missiles
Beijing issues stern response to reports Washington is planning to position intermediate-range missiles in Asian countries    ‘Don’t fall victim to a US geopolitical plot,’ defence ministry spokesman says
www.scmp.com

A “New Cold War” With China Could Mean Curtains For US Retail
The US-China relationship was distressed even before COVID-19 — and now it’s worse. That could mean grave consequences for the American retail industry.     The relationship between the US and China was distressed even before the COVID-19 outbreak, but the pandemic has even further eroded the two countries’ rapport. Some China experts warn that interactions between the two global superpowers have become so belligerent that they’re almost reminiscent of Cold War-era politics.
jingdaily.com

Who Is Winning the US-China Power Battle?
A global pandemic has, in a matter of months, changed the discourse on global order and U.S.-China great power competition.
thediplomat.com

Chinese, US officials cross swords over activities in Southeast Asia
China’s ambassador to Singapore Hong Xiaoyong accuses American defence chief Mark Esper of ‘fuelling tension’    Esper had called for closer security relationships in the region ‘amid challenges posed by Covid-19 and the Communist Party’
www.scmp.com

The US-China Battle Over the Internet Goes Under the Sea
The DOJ’s opposition to Facebook and Google’s 8,000-mile cable to Hong Kong highlights how physical infrastructure is as contentious as the virtual world.
www.wired.com

China is reshaping the global news landscape and weakening the Fourth Estate
Beijing’s involvement in media overseas is growing almost faster than it can be tracked – the ultimate aim is both ideological and geopolitical
www.theguardian.com

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Alain Gillard
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Awex
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a.gillard@awex.be
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