Hints and tips:
US rating agency employees in Beijing and Shanghai believe concern over possible backlash prompted unusual move
...“For Chinese banks, the downside of lending to distressed property projects far outweighs the upside,” said Larry Hu, chief China economist at Macquarie....
...“The Chinese government doesn’t want a market-based stock market,” said Larry Hu, an economist at Macquarie Group in Hong Kong. “It wants one that helps the authority carry out industry policy.”...
...The reasons for Hu’s removal have never been explained. But in his own quiet way, Li may have had the last word....
...Han and Hu’s supporters argued that fears about the impact on China’s largely state-owned banking sector were overblown. “Not every bank will go under,” one of the people said....
...Seen as a pro-market reformer who was supported by former president Hu Jintao, Li was once believed to be a contender for the presidency but the party chose Xi, who took it in a more austere direction....
...The initiative, led by the China Iron and Steel Association and the planning ministry, involves large state-owned mining and steel groups such as Baowu, China Minmetals Corp and Aluminium Corporation of...
...Youth unemployment has more than doubled since the government began this “de-risking” in 2018, Macquarie’s Hu said in a report....
...Additional reporting by Sun Yu...
...“The People’s Bank of China thought there was too much market liquidity,” said Hu....
...“This is the worst [in recent years] for China’s public finances,” said Larry Hu, a Hong Kong-based economist at Macquarie Group. “A host of negative factors are coming together.”...
...Fiction films, says Yu, offer the chance to “say things more indirectly”....
...Kantar’s Yu points to Mixue Bingcheng, a bubble tea company that has expanded into coffee under the brand Lucky Coffee....
...Hu, who is in quarantine himself, said state media had not intentionally run campaigns to emphasise the dangers of the virus....
...“We miss Jiang Zemin not only for himself but also for the China of his time,” said Daniel Yu, a Chinese law expert based in New York. “China back then was more tolerant and inclusive....
...Ren Yi, an influential blogger who writes under the moniker Chairman Rabbit, wrote that the extreme sentiments expressed by Hu and others were “completely unreliable”....
...The lack of checks on this approach, Yu said, was partly to blame for the weakness in the market....
...“I have had many people reach out to me about establishing start-ups in Hong Kong, tax incentives [and] talent,” Yu said....
...For me, that’s the biggest uncertainty,” Yu says, adding that the resulting inequality appears to be “very Dickensian”....
...According to Nikkei Asia’s Silicon Valley correspondent Yifan Yu, Huawei’s focus is on cloud services and 5G communications for overseas corporate clients, as years of crackdown by Washington have decimated...
Chinese tech giants lag behind pace of US rivals as Beijing favours state vendors
...Aircraft parts manufacturer AAR Corp said last month that chief John Holmes was awarded $7.3mn in stock to compensate him for pay lost due to bonus restrictions applied to companies that took Covid-19 relief...
...The article by Hu Wei, a Shanghai-based political scientist affiliated with the State Council’s research office in Beijing, was first published on March 12 by the Carter Center in Atlanta....
...Companies including ecommerce giant JD.com, tech group Pinduoduo and state-owned oil company China Petroleum & Chemical Corp were added to a list of entities facing possible delisting this week....
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