Regulators' latest crackdown on Didi hits the market. China requires Didi to delist from the New York Stock Exchange/Zhongshang Group, who may be next. After the news came out, the index plummeted, and the Hang Seng Index fell nearly 4% in the past three days.
The drone delivering ice cream will come to Shanghai next year? Meituan began testing drone delivery in Shanghai/The UAV delivery service of the Chinese e-commerce giant Meituan is expected to start trial in Shanghai in the first half of next year. Meituan hopes to use drone delivery to deliver time-sensitive products, such as cakes and ice cream, and emergency delivery of medicines.
Xǔ Jiāyìn Xu Jiayin paid for his company to raise funds from the founder of Evergrande to raise US$344 million/Caixin (pay area) to use his private wealth to rescue the company. A few months ago, this move was completely foreseeable-see the article in the upper and middle September, the downfall of the boss of Evergrande.
China supervises instead of banning e-cigarettes. China adds e-cigarettes to the Tobacco Monopoly Law/Caixin (pay area). The Chinese tobacco regulator is now responsible for e-cigarettes and will be provided to the industry eight months after the draft rules on e-cigarettes are sent With some certainty it went into free fall.
Sichuan Capital eases real estate funding constraints. Chengdu becomes the first city in China to relax regulations for real estate developers/Bloomberg (pay zone) Chengdu becomes the first city to relax restrictions on real estate, such as loan ceilings and restrictions on the use of pre-sale proceeds. Recent policies The month disrupted the real estate industry.
L’Oreal’s “Singles’ Day” breach of its promise was strongly opposed. China’s top anchors Lǐ Jāqí Li Jiaqi and Viya [Huáng Wēi 黄薇] accused L’Oréal on social media of “failed to fulfill its promise and set the lowest price of mask products as a pre-sale promotion. Part of this year’s Singles’ Day Shopping Festival, China’s equivalent of Black Friday in the United States"
Millennials who buy smaller designers know Chinese millennials who reject luxury brands / FT (pay area)
Senior diapers diaper manufacturers shifted China’s focus from babies to seniors/FT (Pay Desk) "Analysts say that by 2025, as the population ages, the adult market may surpass the baby market."
Macau casinos are unlucky due to the arrest of intermediary bosses. Macau casino gambling and Beijing relationship / FT (pay area) “has been hit hard by the pandemic, and the operator of the world's largest gambling center is facing censorship by the Xi government.” Macau casino stocks plummeted for intermediaries An executive/FT (paywall) arrested Suncity Chairman Alvin Chau [周佳华Zhōu Chāohuá] The stock price fell sharply due to disrupting social order. "Macau casino stocks fell after police arrested the queen of city intermediaries / Bloomberg (pay area) Macau casino stocks fell after the arrest of intermediary boss Alvin Chau / Wall Street Journal (pay area) The peak period of Macau casino stocks is over / Wall Street Journal (paid area) Special Zone) Macau Detains Sun City Boss Regarding China's Gambling Charges / AP
Is the Yuanjie overcooked? China Yuanjie stock frenzy has become unreal/Wall Street Journal (paywall) but joining now may cause real losses. "
China promotes digital renminbi and puts pressure on cryptocurrency. The central bank says it will crack down on cross-border gambling/Caixin (pay area) "The Central Bank of China has issued new regulations for the trillion-dollar payment field to strengthen risk control and combat criminal activities such as cross-border gambling. . Illegal use of payment barcodes to transfer funds."
Tesla, Xiaomi, and Nissan increase production of electric vehicles. Tesla's China plant is close to stimulating production capacity of US$188 million to upgrade/ Bloomberg (pay area) Tesla expands production at the Shanghai plant/ Caixin (pay area) Xiaomi car factory allegedly owns 300,000 units of production capacity / Bloomberg (pay area) Chinese smartphone giant Xiaomi plans to build an electric car factory / Caixin (pay area) Nissan launches a $18 billion electric vehicle strategy / Bloomberg (pay area) Nissan is burned by experience and avoids boldness Electric Vehicle Forecast / The Wall Street Journal (Pay Zone)
The fierce competition of lithium Chinese companies will hold lithium/Bloomberg (paywall) silver metal at all costs. "
More details on fines for Taiwanese companies related to the DPP. Beijing targets Taiwan companies doing business in China/Financial Times (pay area) on SupChina last week: Beijing targets Taiwan companies connected with Cai’s DPP .
More companies involved in the technology war Taiwan’s UMC has resolved a chip trade secret dispute with Micron/FT (paywall). “The company was fined for stealing designs from a US competitor in a case [a] highlighting China links.” South Korea SK Hynix is caught in the US-China semiconductor dispute/FT (Pay Zone) Washington and Beijing. "As the country's attention shifts to mature nodes/South China Morning Post (pay area), China's efforts in advanced chips have been put on hold
What's next for Big Tech? How will the new data security regulations reshape China's Internet industry? / Caixin (pay zone) "The stocks that SenseTime plans to sell in Hong Kong have attracted close attention from investors, who are looking for information on how Beijing’s new cybersecurity rules will affect the listing of artificial intelligence companies and other data-intensive companies overseas. Clues." Chinese tech giants are now facing economic drags under regulatory pressure/Wall Street Journal (paywall) "As consumption and digital advertising are hit, some companies are looking for new growth drivers." As challenges increase, Alibaba Make the business sector more agile/Wall Street Journal (pay area)
Tencent Walled Garden breaks out more loopholes. Under pressure from Beijing, China’s super app WeChat allows more direct links from competitors/South China Morning Post (pay area) Tencent further opens WeChat/Bloomberg (pay area) to competitors "Tencent Holdings The limited company will soon allow WeChat groups to display links to external shopping sites such as Alibaba’s Tmall and Taobao, taking another step towards removing long-standing obstacles in China’s most popular social media services." Chinese state-owned enterprise restrictions Use Tencent’s messaging app/Wall Street Journal (pay area) “As Beijing’s censorship of Tencent becomes stricter, employees are told to disband the chat group for security reasons.”
Huawei’s training missions in Africa and government relations Huawei’s training courses in Mozambique highlight three important trends/China-Africa Projects (Pay Zone). Companies have organized across the African continent in the past year. "
For more information on the real estate crisis, the Evergrande blueprint applies to other Chinese developers until it has no/Wall Street Journal (Pay Zone) "After funding rapid growth, they are suffering from a financial crisis because of increasingly scarce credit and housing Sales are down." Beijing's tightrope walks, China's property tax keeps homeowners awake at night
Zhu Yi, general manager of Guotai Junan Securities’ investment banking business, was filed for investigation on suspicion of serious violations. According to the country’s top anti-corruption agency, according to law. "
Lotus re-listed under Geely
ByteDance layoffs more education technology employees ByteDance begins another round of education technology layoffs: Source/Dynamic Point Technology
Farm robot robotics startup FJDynamics raised $70 million to simplify manual labor/TechCrunch
Baidu launches robotic taxi in BeijingBaidu launches commercial robotic taxi service in Beijing/Dynamic Point Technology
Weibo seeks a secondary listing in Hong Kong Weibo seeks a secondary offering of US$547 million in Hong Kong/Caixin (paid area)
China pledges to provide Africa with COVID-19 vaccines and more vaccines China pledges to provide Africa with 1 billion doses of vaccines to help overcome the coronavirus pandemic
Nuclear power for China’s space missions. China’s space program will use nuclear energy to power future moon and Mars missions/South China Morning Post (pay area) "According to the researchers involved in the project, China is developing powerful nuclear reactor."
Get Ritalin at all costs. In China, people risk everything for a box of Ritalin/Sixth Tone. "For many years, Chinese adults with ADHD have been struggling to obtain important drugs. Now, they are also involved in this China’s anti-drug war."
Will the rise of nationalism harm China's green promotion? China’s rising extreme nationalism complicates Xi Jinping’s climate ambitions/Bloomberg (paywall) “More and more people in society believe that some green measures are succumbing to the demands of hostile Western powers.”
Quantum technology doctorate Sino-US technology war: As the global competition in this field heats up, a school in eastern Anhui Province has opened the country's first quantum technology doctoral program/SCMP (pay area). A university in Hefei has begun to study for a doctorate. As the global competition for leadership in this field intensifies, quantum technology plans.
The former president of the Democratic Republic of the Congo and his family took a lot of money from the Chinese company. China’s cash flow flows through the Congo bank to the former president’s cronies/Bloomberg (pay area). "The leak of 3.5 million documents shows how a Chinese company can count Millions of dollars were transferred to the family and allies of former Congolese President Joseph Kabila.” Millions of leaked bank transactions exposed the massive corruption of former President Kabila of the Democratic Republic of Congo, some of which were related to Chinese entities/Central Africa Project related (pay area)
China has strong financial resources in Africa and Uganda asked China to repair the terms of the airport loan, Monitor said/Bloomberg (pay area) International Airport, Monitor newspaper quoted people familiar with the matter as saying. "The Ethiopian civil war has not slowed the construction of China-funded African Centers for Disease Control and Prevention Headquarters/Central Africa Project (Pay Zone). Chinese mining companies have promoted two huge transactions worth more than US$1 billion in Ghana and the Democratic Republic of Congo/Central Africa project. (Paying area) "Only this week, Chinese mining giants Zijin and Chifeng Jilong were approved this week to conduct transactions totaling more than US$1.2 billion. "
The United States and China quarrel in Africa Peter Fan, the former US diplomat, pulls the Chinese ambassador to the Democratic Republic of the Congo into the Twitter dispute/China-Africa project (pay area) criticize
The Tiananmen incident of "The Simpsons" disappeared in Hong Kong An episode of "The Simpsons" satirized China's censorship system. In Hong Kong, it disappeared. / NYT (Pay Zone) "This incident mocked Mao Zedong and the government's efforts to suppress the memory of the 1989 Tiananmen Square Massacre." Disney omitted the Tiananmen incident of the Simpsons provided by Hong Kong / FT (Pay Zone) Disney+ omitted Hong Kong's "The Simpsons" Tiananmen Square / Bloomberg (pay area) Disney's missing "Simpsons" episode in Hong Kong raises censorship concerns / Wall Street Journal (pay area)
Hong Kong seeks to arrest two activists accused of inciting blank ballots in the election under NSL / Reuters 47 Hong Kong democracy activists accused of conspiring to subvert the trial postponed to March / Reuters
Xi Jinping’s Rectification Movement A quarrel over history almost killed Xi Jinping’s father/Foreign Policy "The struggle over the party’s past is a serious matter in Beijing." Xi is distorting Chinese law/foreign affairs according to his own wishes
What is the next step in the Peng Shuai case? In the “quiet diplomacy” of the International Olympic Committee, critics saw the whitewashing of Chinese behavior/New York Times (pay area). An Olympic official called his actions “cautious.” Critics call it cooperation.” Peng Shuai’s accusation pierced the privileged bastion of Chinese politics/New York Times (pay area) “Zhang Gaoli and Zhang Gaoli are best known as a low-key technocrat Then, the accusation of a Chinese tennis star made him a symbol of an anti-censorship system." Peng Shuai’s accusation of attacks focused attention on China’s elite political factions/FT (paywall). "The fate of Zhang Gaoli is more It depends on his strong connections, not on the merits of the case." After Peng Shuai protests, more companies will stand up against China / Bloomberg (pay area) / New York Times (pay area) "Global anger, contract breakdown and political changes may change the past The calculation method of leagues and teams competing to do business in China." Background of SupChina: #pengshuai.
China will not invite American politicians to participate in the Olympics The Times reported that any U.S. politician was required to participate in the Winter Olympics-the report was published after President Joe Biden stated that he was weighing a diplomatic boycott of the event. "
Negotiations on the Iran nuclear deal are imminent. Iran, the European Union, China and Russia meet in Vienna before the nuclear talks / Bloomberg (pay zone) China claims nuclear influence before the negotiations on the key Iran agreement / Bloomberg (pay zone)
Will the German Green Party take a hard line against China? China and Russia have become the focus because the Green Party is responsible for Germany’s foreign policy/Financial Times (pay area) “The party hopes to [a] take a tougher stance on human rights and reduce its priority on business interests.”
The Honduran election may end the alliance scandal with Taiwan, and as Hondurans head to the polls/Bloomberg (pay area), China relations are imminent. "Honduras will vote in the presidential election on Sunday, which may overthrow the ruling affected by the scandal. The party and end the National Alliance and Taiwan."
Taiwan’s secret construction of submarines aims to deter China’s T-day: Battle for Taiwan/Reuters "A former submarine commander of the Royal Navy has always been a key figure in Taiwan’s recruitment of submarine experts."
Taiwan and the United States met because China sent more fighters. China sent fighters/Bloomberg (pay zone) to Taiwan to travel to the island after the visit of American lawmakers. "Taiwan dispatched jets after 27 Chinese aircraft entered the buffer zone/ Associated Press Xi Jinping meets with senior officials/ Nikkei Asia (pay zone) Beijing is testing flying tankers near Taiwan to show expanded air force voyages/ South China Morning Post (paying) Special area)) Taiwan receives the second US Congressional delegation within two weeks / "Wall Street Journal" (pay zone) Taiwan hopes to establish a "firm and close relationship" with the Baltic countries, Tsai Ing-wen told visiting congressmen / SCMP (pay zone) Baltic Congressmen meet with Taiwan’s Tsai Ing-wen to strengthen cooperation/Associated Press Taiwan says the Chinese military is trying to wear it out, but it can respond/Reuters
The United States and the European Union revitalize infrastructure and metals to fight China. The European Union plans to spend 300 billion euros in global infrastructure spending to fight China/UK Financial Times (paywall)
Will China defeat the United States in the Marshall Islands? Some people worry that China may win the war of words between the United States and the Marshall Islands/Associated Press "This dispute has caused some American lawmakers to worry that China may be willing to intervene, which has exacerbated the fierce geopolitical dominance between the two superpowers. compete."
Western degrees lose influence in China. Chinese graduates lament that Western degrees are no longer a shortcut to high-level positions/South China Morning Post (pay zone) graduates. "
Animal abuse in the entertainment industry? Cat lovers condemned the scene of the death, accusing the audience of the episode of the animal cruelty era drama "The Great Woman" in the TV series/Sixth Tone, and called for a "fair investigation" of animal cruelty in the entertainment industry.
Divorce hard to think about divorce? In China, try again, try again/Sixth Tone "In 2004, legal scholar He Xin learned during a field trip in Guangdong that Chinese judges have an unofficial policy, which is to always reject a person’s first divorce application . For the next ten years, he has been trying to find out why."
Jeremy Goldkorn, Anthony Tao, Lucas Niewenhuis, Jiayun Feng and Chang Che. read more
Former U.S. Ambassador to China
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