Dimon and Musk’s individual pilgrimages east reflect the realpolitik that’s always driven Western financial considerations.
Monthly Archives For May 2023
From Elon Musk to Jamie Dimon, CEOs flock to China as risks to trade and investment rise
The CEOs of some of America’s biggest companies are in China this week to take the pulse of one of their top markets after the country reopened following nearly three years of pandemic restrictions.
Cargill to Sell China Poultry Business to Private Equity Firm
Cargill Inc. is selling its poultry farming and processing business in China, the world’s biggest meat market, to a private equity firm as weak demand and high costs continue to pressure industry …
Don’t Kid Yourself, China Is Still a Formidable Foe
Despite its ham-handed Covid response — particularly the extensive lockdowns — China’s economic performance has been far superior to our own. From the beginning of 2020 until the end of last year, …
JPMorgan’s Dimon says US, China need ‘real engagement’ to resolve issues
JPMorgan Chase & Co CEO Jamie Dimon said on Wednesday the United States and China need to have “real engagement” to resolve their tricky security and trade matters.
China’s industry minister, Tesla’s Musk meet, discuss electric cars
China’s industry minister met Tesla Ltd. CEO Elon Musk on Wednesday and the two discussed development of electric and “intelligent networked” vehicles, the ministry said. The ruling Communist Party is …
Elon Musk is in China for the first time in 3 years, but people on the Chinese internet only care about a giant panda called Ya Ya
Musk may have enjoyed the attention of China’s foreign minister, but an elderly bear has captured the minds of China’s social media users.
Musk Talks ‘New Energy Vehicles’ With Industry Minister During China Visit
Elon Musk and China’s industry minister discussed ways to develop new energy vehicles Wednesday, a day after the Tesla CEO flew into Beijing and declared he wanted to expand his business in the …
China’s Douyin Says Has Held Early Talks With Wanda on Payments Unit
Bloomberg reported on Wednesday, citing people familiar with the matter, that Wanda was in talks with prospective buyers include China’s ByteDance to sell its digital payments licence for about 1 billion yuan ($144 million). It…
Ex-N.Y.P.D. Sergeant Accused of Doing China’s Bidding Goes on Trial
Michael McMahon, a former New York Police Department sergeant, faces federal charges with two other men. They are accused of intimidating Chinese citizens in the United States.
China leads in post-pandemic travel retail. Here’s how brands can attract Chinese traveling consumers
Click Interactive’s new report, A Practical Guide to Engaging with Chinese Travelers: China Travel Retail Market Facts and Tips to Know [2023 Edition], highlights Gen Z as growth drivers and explores …
Hong Kong IPO boost: Chinese firms Mobvoi, HighTide plan to raise up to US$500 million amid sluggish year
AI and electronics firm Mobvoi aims to raise up to US$300 million, while pharmaceutical company HighTide targets up to US$200 million amid a lacklustre year for IPOs in the city.
Tibet recruits talent in Shenzhen to fill its needs
The Tibet autonomous region held a policy promotion activity in Shenzhen, Guangdong province, on Tuesday to announce the region’s plan to recruit talent this year, local media reported.