Hints and tips:
...Li was the second cabinet minister to be ousted this year, after Qin Gang, Xi’s former foreign minister, was replaced by his predecessor Wang Yi in July following a month-long absence from public commitments...
...In contrast to the removal of previous senior figures, Li and Qin were both picked by Xi, making it more difficult for the president to deflect blame for their failures. “It’s very unusual....
...But in a paper just published by the NBER, Yongheng Deng of Wisconsin School of Business, Shang-Jin Wei of Columbia Business School and Jing Wu and Rongjie Zhang from Tsinghua University (!)...
...On Thursday, Chinese foreign minister Qin Gang told state media that Xi’s Moscow visit had demonstrated China’s global image as a peacemaker....
...When Qin Lihong, co-founder and president of the Chinese carmaker, attended its opening in late March, he told the freshly hired sales team not to bother with sales targets and to instead “give to the community...
...“Some Americans do not recognise and correct their mistakes,” said Qin Gang in a press briefing on Tuesday. “The basic fact is the US took the first step to provoke China on the Taiwan question....
...Qin Gang, the Chinese ambassador to Washington, described it as a “reckless & provocative move” while the Chinese foreign ministry said it would have a “severe impact” on US-China relations....
...Additional reporting by Sherry Fei Ju, Sun Yu and Nian Liu in Beijing; and James Kynge in Hong Kong...
...Anbang was put under government control in 2018 and its chairman, Wu Xiaohui, was sentenced to 18 years in prison for fraud. Additional reporting by Sherry Fei Ju in Beijing...
...It is unclear how long Mr Qin will hold on to the title of world’s richest farmer....
...Additional reporting by Sherry Fei Ju in Beijing...
...Mr Qin is now trying to renew the loan but can only do so if he can find a credit company willing to guarantee it....
...Among those vowing not to attend were actors Wu Jinyan and Zheng Yunlong and singer Fan Chengcheng....
...The bailout and restructuring of Anbang Insurance, which resulted in the arrest of its chairman Wu Xiaohui, was also carried out under his watch....
...“The Chinese government’s thinking may be slightly different from the western free market,” said Wu Lei, a deputy director at Beijing Fund Town....
...Baoshang is the second big financial institution to be taken over by the government in two years, after Beijing’s seizure last year of Anbang Insurance and the sentencing of its founder, Wu Xiaohui, to 18...
...“The banks referred to in the audit report are unlikely to be deemed systemically important,” said Grace Wu, senior director of financial institutions at Fitch Ratings....
...Additional reporting by Archie Zhang and Sherry Fei Ju in Beijing...
...Muyuan Foods Sector: farming / HQ: Neixiang, china Key stat: Pig farmer Qin Yinglin’s personal wealth has grown by about $6bn since the start of coronavirus....
...Like Mr Qin, Mr Wu had difficulty dealing with state banks because Crystal Orange rented rather than owned its hotel premises and could only borrow against its cash flow....
...The gallery works with the contemporary master Wu Tien-Chang (b1956), who exhibited at the Taiwan Pavilion at the Venice Biennale in 2015....
...Nancy Wu, head of production for Base Media, a production company, said: “It used to be the growth in screens that was driving the growth of the box office, but now it’s the growth of choice, the growth...
...Additional reporting by Sherry Fei Ju in Hong Kong William Li — serial entrepreneur William Li is a serial entrepreneur who has listed three companies and founded dozens more....
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