Hints and tips:
...Evergrande founder Hui Ka Yan in 2012 built one of the world’s largest residential football academies in Qingyuan in southern China’s Guangdong province with the help of coaches from Spanish club Real Madrid...
...Low salaries add to pressure on doctors, said Jin Dong-yan, a virologist at the University of Hong Kong....
...Golden Age by Wang Xiaobo, translated by Yan Yan, Penguin Classics £18.99, 272 pages Join our online book group on Facebook at FT Books Café...
...But for Beijing, CBAM is an example of green protectionism, says Yan Qin, a carbon analyst at London Stock Exchange Group....
...Andrew Edgecliffe-Johnson, Silin Chen and Anjli Raval sift through responses from more than 300 FT readers in a fascinating deep-dive....
...Evergrande revealed last week that Ding Yumei, the wife of founder Hui Ka Yan, had bought $3m of the company’s investment products in a show of support....
...here in Guangzhou to see whether it works . . . whether even if they do less mass testing and don’t execute the really stringent lockdowns, whether Covid could still be put under control,” said Jin Dong-yan...
...“Lenders dislike prepayments,” said Yan. “If prepayment surges too much, they’ll fail to achieve the annual lending target set by regulators.”...
...“Being a loyal ally to Xi should not be considered a sin,” argues Chen Long at Plenum, a Beijing-based consultancy....
...Helen Chen, greater China managing partner at LEK Consulting in Shanghai, noted that the “government’s vaccination push has waned as resources shifted to manage outbreaks”....
...The newly launched vehicle, Hengchi 5, is an electric sport utility vehicle priced at Rmb179,000 ($26,700), or about half of Tesla’s Model Y....
...Gary Chen, co-founder of Raise Robotics, strides on stage at the University of California, Berkeley wearing a bright yellow hi-vis vest....
...“Match-fixing will not drive progress in Chinese football,” Caixin quoted Chinese Football Association president Chen Xuyuan as saying in wake of the scandal. “This phenomenon cannot be tolerated.”...
...I am curious what Focus Asia, curated by Christopher Y Lew of LA non-profit Horizon and Hyejung Jang from Seoul’s Doosan gallery, might have to say about something as knotty as “Asia”....
...“It may take a while for deaths to come through the system,” Chen said....
...Striding into the ballroom of one of his company’s hotels, glad-handing football stars and pouring champagne into a tower of flutes, Evergrande boss Hui Ka Yan was riding high....
...“People here got scared by the Chinese plane,” said Chen Li-ying, the wife of Dongyin’s mayor....
...Original shareholders including Hui Ka Yan will be wiped out. “This is how Beijing has managed highly indebted companies over the past three to four years,” Chen added....
...Karen Chen, a US figure skater who stumbled through her own routine on Thursday to finish 16th, said: “I’ve been pretty fatigued from everything skating-related and not-skating related.”...
...The People’s Bank of China reiterated its criticism of Hui Ka Yan for Evergrande’s woes again in October and early December....
...“The real estate sector is likely to continue to be a major drag on growth as regulation stifles housing sales and new property investment,” said Xingdong Chen, chief China economist at BNP Paribas....
...The latest uptick in shares followed a statement by Hui Ka Yan, Evergrande’s founder and chair, to the Hong Kong stock exchange on Tuesday night, in which he sought to address “recent increases in the price...
...Liu Yan, deputy secretary-general of China Automobile Industry Association, bluntly said that reliance on imported chips “pose[s] a fatal threat to the auto industry and the national economy”....
...Yan Lianke, one of China’s most widely celebrated writers, has often said that realism alone cannot capture modern China: “There are things that happen in this country that you couldn’t dream up.”...
...Evergrande has benefited from decades of urbanisation in China, which made its chair Hui Ka Yan the country’s richest man and also led to its liabilities ballooning....
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