China watchers are in for a wild ride of economic data in the early months of 2021, giving a largely distorted picture of the recovery from coronavirus shutdowns a year ago. ( read original story…
Monthly Archives For February 2021
Ping An Insurance faces $8 billion exposure in indebted China Fortune Land
Ping An Insurance Group Co of China said it has a total exposure of 54 billion yuan ($8.4 billion) in indebted China Fortune Land Development Co. ( read original story …)
Scott Morrison’s first call with Joe Biden covers China, Covid and climate
In the Trump era, journalists didn’t have to speculate about what a US president said to an Australian prime minister during a private phone call. Famously, the entire transcript of a fraught … ( read…
U.S. President Biden discusses China, Myanmar coup on call with Australian PM Morrison
U.S. President Joe Biden on a call with Australian Prime Minister Scott Morrison discussed how they can work together to address global and regional challenges, including dealing with China. ( read original story …)
SWIFT sets up JV with China’s central bank
SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank’s digital currency research institute and clearing centre, in a … ( read original story…
Beijing 2022: 180 human rights groups call for Winter Olympics boycott
More than 180 organisations want countries to skip event as a way of demonstrating their opposition to China’s rights record … ( read original story …)
China property credit crisis drags in Ping An Life
China Fortune Land Development’s $814 mln of overdue loans have local officials warning its collapse could create systemic risk. Over 200 financial institutions are involved. Beijing might let CFLD … ( read original story …)
Farfetch and Gucci’s China E-commerce Partner Baozun Buys Competitor
Baozun is one of the largest service partners that help an increasing number of luxury brands execute their e-commerce strategies in China. ( read original story …)
Yum China Sees “Headwinds” As COVID Gains Ground; Profit Rose By 68% In 4th Qtr
Yum China, the China arm of Yum! whose restaurant brands include KFC, Pizza Hut and Taco Bell, warned of “significant headwinds” in its business in the first quarter as the number of COVID-19 cases ……
U.S. Signals No Plans to Boycott 2022 Beijing Winter Olympics After Genocide Designation
U.S. President Joe Biden’s administration is signaling it currently has no plans to bar American athletes’ participation in the Beijing 2022 Winter Olympics, despite mounting calls for the Games to be … ( read original…
Beijing Won’t Let America ‘Compartmentalize’ Climate Change
Biden officials’ urgency about emissions makes them likely to sacrifice more important goals. ( read original story …)
Netflix is doubling down on Asia with K-dramas and mobile-only deals. But China remains elusive
Netflix has amassed some 200 million subscribers and cemented its status as the king of streaming video. Now it’s looking to run up the score with a big push into Asia, its fastest-growing region. (…
US ‘deeply disturbed’ by reports of systematic rape in China’s Xinjiang camps
State department says ‘atrocities’ against detained Uighur and Muslim women in region must be ‘met with serious consequences’ … ( read original story …)
