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☆ Xi-Biden meeting in San Francisco is a baby step in the right direction, EU Chamber of Commerce's Wuttke says
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXi-Biden meeting in San Francisco is a baby step in the right direction, EU Chamber of Commerce's Wuttke saysFormer European Union Chamber of Commerce President Joerg Wuttke discusses the Chinese economy and foreign relations on the sidelines of the UBS conference in London.

Persons: Biden, Commerce's Wuttke, Joerg Wuttke Organizations: Xi, EU, European Union Chamber of, UBS Locations: San Francisco, London

Macron last visited China in 2019 while it will be von der Leyen's first trip since becoming European Commission president that year. However, some analysts said ostentatious deal-signing would appear opportunistic at a time of heightened frictions between the United States and China. "Both (Macron and von der Leyen) have not only business in mind but also Ukraine," said Joerg Wuttke, president of the EU Chamber of Commerce in China. Macron and von der Leyen are expected to echo the message that Xi should also talk to Ukrainian President Volodymyr Zelenskiy. China and EU decoupling will only serve U.S. interests, but make both China and Europe suffer," it said.

China’s official count 0 2.5 million 83,150 deaths Model based on Shanghai outbreak 1.6 million deaths LOW ESTIMATE HIGH ESTIMATE Estimate using travel patterns 970,000 deaths Estimate using recent testing data 1.5 million deaths Estimate based on U.S. death rates 1.1 million deaths China’s official count 0 2.5 million 83,150 deaths Model based on Shanghai outbreak 1.6 million deaths LOW EST. But China’s official Covid death toll for the entire pandemic remains strikingly low: 83,150 people as of Feb. 9. Four separate academic teams have converged on broadly similar estimates: China’s Covid wave may have killed between a million and 1.5 million people. Why official data underrepresents China’s outbreak83,150 deaths China’s official count on Feb. 9 0 2.5M 83,150 deaths China’s official count on Feb. 9 0 2.5 millionChina has a narrow definition of what counts as a Covid-19 death. But the work was unwavering in its ultimate conclusion: Ending the “zero Covid” policy was likely to overwhelm the health care system, producing an estimated 1.6 million deaths.

From its original epicentre in the north, including the capital Beijing, COVID-19 infections are spreading throughout the country and cases are impeding workforces in manufacturing belts, including the Yangtze River Delta, near Shanghai. With mass testing halted after China abruptly dropped its zero-COVID policy this month, official data no longer reliably captures new case numbers. Some estimates, however, predict the wave currently sweeping the country could infect up to 60% of China's 1.4 billion-strong population. LOGISTICS LOGJAMLeading automobile chipmaker, Renesas Electronics Corp (6723.T) suspended production at its Beijing plant last Friday due to COVID-19 infections, but said it would re-open Tuesday. For now, however, that impact is being limited in part by economic hardships elsewhere in the world denting demand for products from China.

☆ Beijing grinds to a near halt as China's capital city battles Covid with more lockdowns
▼ + stars: | 2022-11-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities. Jade Gao | Afp | Getty ImagesBEIJING — China's capital city is grinding to a near standstill as Covid controls spread. Beijing city government did not immediately respond to a request for comment. watch nowLocal infections have surged despite gradual tightening of Covid measures over the last two weeks. Beijing city reported more than 1,800 Covid infections for Thursday, bringing the total for the month to well over 10,000.

☆ 60 million jobs in China are dependent on the European market, says EU Chamber of Commerce in China
▼ + stars: | 2022-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email60 million jobs in China are dependent on the European market, says EU Chamber of Commerce in ChinaJoerg Wuttke, president of the organization, says China is also dependent on exports to Europe just as Germany is dependent on some Chinese imports.

☆ Germany's dependence on China is 'overblown,' but critical goods diversification needs to improve: EU Chamber of Commerce
▼ + stars: | 2022-11-04 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +3 min

watch nowThe top European business representative in China downplayed concerns over Germany's economic reliance on China as German Chancellor Olaf Scholz makes his maiden in-person visit to Beijing. President of the EU Chamber of Commerce in China Joerg Wuttke told CNBC's "Squawk Box Asia" on Friday that many of Germany's imports from China are replaceable, when asked if the European country had become dependent on China for many of its goods. Experts largely agreed with Wuttke but warned that Germany needed to step up its diversification from with China. and international relations expert from the S. Rajaratnam School of International Studies, largely agreed with Wuttke's comments, given Wuttke's extensive knowledge of Germany's stakes in China. He said Germany must reduce its dependency so that it is neither susceptible to blackmail by Beijing, nor unable to implement sanctions.

☆ Hu's dramatic China congress exit fuels speculation, official silence
▼ + stars: | 2022-10-24 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +4 min

During the once-in-five-years congress, Xi solidified his grip on power by appointing a Standing Committee made up entirely of loyalists - and excluding the three most senior members of Hu's once-powerful Communist Youth League faction. State TV's Saturday night news broadcasts included images of Hu at the congress, before his exit. Chinese politics, always opaque, have become even more secretive under Xi's decade-long tenure. "Despite the plausibility of a mundane explanation of ill-health, the CCP's secretiveness vis-à-vis senior Chinese leaders and elite Chinese politics lends itself to many more salacious explanations," he said. On China's Twitter-like Weibo, a few social media users alluded to the incident by commenting on old posts featuring Hu.

BEIJING, Oct 23 (Reuters) - Li Qiang, who oversaw Shanghai's grinding two-month COVID-19 lockdown this year as party boss of China's commercial hub, is on track to become China's next premier after President Xi Jinping unveiled a new governing body packed with loyalists. Current Premier Li Keqiang, a more reform-minded voice, will step down in March after the maximum two terms. "We have not seen Li Qiang introduce any market-oriented reforms," said Lam. In 2015, Li accompanied Xi on a visit to the United States to meet then-President Barack Obama. In Seattle with Xi, Li gave a speech calling for more cooperation between Zhejiang and U.S. firms.

☆ Hu Chunhua: From rural roots to candidate for China premiership
▼ + stars: | 2022-10-11 | by ( Dominique Patton | ) www.reuters.com time to read: +4 min

"For his policy record, I would pick Hu," said Yu Jie, senior research fellow on China at Chatham House. Hu is depicted in state media as a man of action, sometimes shown checking on planting progress in far-flung provinces. YOUTH LEAGUE ROOTS, POVERTY FIGHTERHu got his start in the party training ground of the Communist Youth League. Despite his Youth League roots - the faction was seen to be a rival to Xi's - Hu has proved his loyalty to Xi, promoting many of his initiatives in rural areas, including the campaign to eradicate poverty. Hu also wrote a paean to Xi's "historic achievements" on rural issues published in the party's official People's Daily in July.

☆ There's no 'exodus' of European companies from China: EU Chamber of Commerce in China
▼ + stars: | 2022-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no 'exodus' of European companies from China: EU Chamber of Commerce in ChinaJoerg Wuttke, president of the European Union Chamber of Commerce in China, says, however, that many of them are looking to invest in Southeast Asia and Taiwan.

☆ European business group warns of loss of confidence in China
▼ + stars: | 2022-09-21 | by ( Josh Horwitz | ) www.reuters.com time to read: +3 min

REUTERS/Aly SongSHANGHAI, Sept 21 (Reuters) - A top European industry group warned on Wednesday that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its "inflexible and inconsistently implemented" COVID policy as a key factor. The European Chamber of Commerce published the warnings in a paper it said had input from 1,800 member companies, which also contained 967 recommendations for China, the European Union and European companies related to doing business in the country. The report, which touched on issues from Taiwan to trade, said, for example, that China should refrain from "erratic policy shifts", deepen cooperation with the European Union and increase international flights. Register now for FREE unlimited access to Reuters.com RegisterThe European Union should proactively engage with China and reject calls for disengagement, it added. China says its policy is needed to prevent its health system from being overwhelmed as well as an unacceptable loss of life.

☆ European businesses are rethinking their plans for a 'closed' China
▼ + stars: | 2022-09-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Vcg | Visual China Group | Getty ImagesBEIJING — European businesses in China are revaluating their market plans after this year's Covid controls further isolated the country from the rest of the world, said Joerg Wuttke, president of the European Union Chamber of Commerce in China. For European businesses, "we talk about a complete readjustment of our view on China over the last six months," Wuttke told reporters at a briefing for the chamber's annual China position paper, released Wednesday. He said the lockdowns and uncertainty for businesses have turned China into a "closed" and "distinctively different" country that might prompt companies to leave. Foreign businesses can still find specific areas of opportunity. China is improving local market access, albeit in areas where locals already dominate or are "desperate" for foreign investment, Wuttke said.

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