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☆ A Bank China Built to Challenge the Dollar Now Needs the Dollar
▼ + stars: | 2023-06-16 | by ( Alexander Saeedy | Lingling Wei | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Xi Prepares China for ‘Extreme’ Scenarios, Including Conflict with the West
▼ + stars: | 2023-06-12 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ What Engagement With China Has Meant for Me
▼ + stars: | 2023-06-03 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

Over the past decade, the relationship between the U.S. and China has gone from a symbiotic embrace—“Chimerica,” as some academics called it—to an ominous mutual rejection. There is now a bipartisan consensus in Washington that the longstanding strategy of deepening economic ties with Beijing has failed. China’s leadership, in turn, increasingly sees the U.S. as an existential threat. In both countries, anyone arguing in favor of a softer line is seen as politically naive or worse.

Persons: “ Organizations: U.S Locations: China, Washington, Beijing

☆ Beijing Bans Micron as Supplier to Big Chinese Firms, Citing National Security
▼ + stars: | 2023-05-21 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/beijing-bans-micron-as-supplier-to-big-chinese-firms-citing-national-security-5f326b90

☆ China Puts Spymaster in Charge of U.S. Corporate Crackdown
▼ + stars: | 2023-05-18 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/china-crackdown-foreign-companies-chen-yixin-9b403893

☆ U.S. Think Tank Reports Prompted Beijing to Put a Lid on Chinese Data
▼ + stars: | 2023-05-07 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

Officials in Beijing have become increasingly concerned about data security as a result of Western online sleuthing. Photo: Wang Zhao/Agence France-Presse/Getty ImagesA recent campaign to restrict overseas access to China-based data sources was partly triggered by a drumbeat of U.S. think tank reports on sensitive Chinese practices that alarmed Beijing, according to people with direct knowledge of the matter. Increasingly worried about perceived Western threats, Beijing in recent weeks expanded an anti-espionage law and stepped up pressure on foreign companies specializing in collecting information, such as auditors, management consultants and law firms. In addition, access to Chinese databases including Shanghai-based Wind Information has tightened for foreign think tanks, research firms and other nonfinancial entities.

China’s party-state, long steeped in secrecy, is creating a black box around information on the world’s second-largest economy, alarming global businesses and investors. Prodded by President Xi Jinping ’s emphasis on national security, authorities in recent months have restricted or outright cut off overseas access to various databases involving corporate-registration information, patents, procurement documents, academic journals and official statistical yearbooks.

☆ China Ratchets Up Pressure on Foreign Companies
▼ + stars: | 2023-04-28 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/china-in-talks-for-compromise-on-poor-country-debt-9b92b1a3

☆ China’s New Tech Weapon: Dragging Its Feet on Global Merger Approvals
▼ + stars: | 2023-04-04 | by ( Lingling Wei | Asa Fitch | ) www.wsj.com time to read: 1 min

The U.S. encouraged China to set up a robust antitrust regime. Now, Beijing is holding back its required green light for mergers that involve American companies as a technology war with Washington intensifies. Chinese regulators recently have slowed down their merger reviews of a number of proposed acquisitions by U.S. companies, including Intel Corp.’s $5.2 billion takeover of Israel-based Tower Semiconductor Ltd. and chip maker MaxLinear Inc.’s $3.8 billion purchase of Silicon Motion Technology of Taiwan, according to people close to the process.

☆ U.S. Executives Will Keep Low Profile at China Forum Amid Tensions
▼ + stars: | 2023-03-24 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

With Washington and Beijing embroiled in an intensifying great-power competition, multinational companies increasingly find themselves between a rock and a hard place. Ahead of this weekend’s China Development Forum in Beijing, the mood among the more than 50 CEOs and other senior executives from the U.S. and other countries expected to attend the high-level conference was a mix of anxiety and caution, said people close to the event.

☆ Putin Proves an Unpredictable Partner for Xi as Nations Cement Ties
▼ + stars: | 2023-03-19 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

In Russia from Monday to Wednesday, China’s leader Xi Jinping will be bolstering ties with a partner increasingly reliant on Beijing but also unpredictable. Russia is becoming more dependent on China to buy its natural gas and keep its economy afloat in the face of Western sanctions. But Mr. Xi’s leverage over Russian President Vladimir Putin isn’t as clear-cut as it might seem. And Moscow has repeatedly placed China at a disadvantage with surprise moves intended to advance its own goals.

☆ Xi Jinping Brings China’s Reform Era to an End
▼ + stars: | 2023-03-12 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

A decade into Xi Jinping ’s rule, the puzzle pieces of his designs for China are in place, marking a definitive end to Deng Xiaoping’s reform-and-opening era. Four decades ago, Deng, a short, stocky survivor of the Cultural Revolution, kicked off an effort to unshackle China from the ideological turmoil of Mao Zedong ’s rule, embrace capitalist forces and open China to the West.

☆ China’s New Way to Control Its Biggest Companies: Golden Shares
▼ + stars: | 2023-03-09 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

In its uneasy dance with China’s private sector, the Communist Party is moving away from a public battle with some of the country’s biggest companies. Instead, it is inching toward a quieter form of control. At the center of the effort is a push by various levels of government to take stakes in the private companies that have long driven Chinese innovation and job creation.

☆ Xi Jinping’s Subtle Strategy to Control China’s Biggest Companies
▼ + stars: | 2023-03-08 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

☆ China to Shake Up Financial System as Xi Jinping Installs Key Associates
▼ + stars: | 2023-02-23 | by ( Keith Zhai | Lingling Wei | ) www.wsj.com time to read: 1 min

A changing of the guard at the People’s Bank of China is part of a broader reshuffling of government positions. Chinese leader Xi Jinping is preparing to shake up the leadership of the country’s financial system, installing key associates to run the central bank and reviving a Communist Party body to tighten political control over financial affairs, according to people familiar with the discussions. The moves are a continuation of efforts by Mr. Xi to reshape the world’s second-largest economy. In recent years, the central bank and other financial regulators have continued to lose their already fading independent status amid Mr. Xi’s broader effort to strengthen the party’s rule.

☆ In China, Worries About a Weakened Russia Prompt a Rethink
▼ + stars: | 2023-02-21 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

Any Chinese military support for Ukraine would stir up greater resentment against Xi Jinping’s leadership in the West. China’s leadership is growing worried that increased Western military support for Ukraine will severely weaken Russia, a key partner for Beijing in its heightened competition with the U.S. and its allies. Ukraine’s robust battlefield resistance has prompted a rethink in Beijing, making it more inclined to push for a cease-fire to prevent further Russian setbacks—or even a larger-scale defeat, according to people close to Chinese decision-making.

The Ministry of Foreign Affairs building in Beijing, where officials raced to gather information about the balloon sighting. Americans weren’t the only ones surprised by the appearance of a Chinese balloon over Montana on Feb. 1. The same day, a quiet démarche by Washington to Beijing over what U.S. officials believed was a spying mission sparked questions in China’s corridors of power.

☆ IMF Tempers Its Medium-Term Economic Growth Forecast for China
▼ + stars: | 2023-02-03 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

The International Monetary Fund has slashed its medium-term growth forecast for China even though it bumped up its 2023 projection for the world’s No. 2 economy, underscoring the persistent economic challenges Beijing faces despite its recent change toward a more pro-growth tone. The IMF now expects that in five years, China will grow at an annual rate of 3.8%, according to its latest assessment of the Chinese economy in its Article IV review released Friday, down from the fund’s October projection of 4.6%.

☆ Why Xi Jinping Reversed His Zero-Covid Policy in China
▼ + stars: | 2023-01-04 | by ( Lingling Wei | Jonathan Cheng | ) www.wsj.com time to read: 1 min

BEIJING—By the end of an otherwise triumphant Communist Party Congress for Xi Jinping in October, it was growing harder for China’s leader to argue that his zero-Covid policy was working. Reports were flowing into central government headquarters of rising infections nationwide, a surge taking place despite the strict lockdowns that had kept Covid-19 at bay for most of the prior three years, according to officials and government advisers close to Beijing’s decision-making.

☆ Xi Jinping Doubles Down on His Putin Bet. ‘I Have a Similar Personality to Yours.’
▼ + stars: | 2022-12-14 | by ( Lingling Wei | Marcus Walker | ) www.wsj.com time to read: 1 min

China’s leader Xi Jinping has in recent months tried to put public distance between Beijing and Moscow as Russia has suffered defeats in its war on Ukraine. Behind the diplomatic appearances, however, Mr. Xi is deepening his long-term bet on Russia.

☆ Chinese Protests Put Xi Jinping in a Bind
▼ + stars: | 2022-11-28 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

President Xi Jinping faces a difficult choice between loosening China’s zero-tolerance Covid-19 policy or doubling down on restrictions that have locked down neighborhoods and stifled the country’s economy over the past three years. Neither option is a good one for a regime focused on stability. Stock markets around the globe declined Monday as protests in China fueled worries among investors about the outlook for the world’s second-largest economy.

☆ Chinese Protesters Channel Their Anger Directly at Xi Jinping
▼ + stars: | 2022-11-28 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

Almost three years into China’s restrictive approach to controlling Covid-19, President Xi Jinping is being called to account as public anger spills into the streets. Protesters have directly challenged the authority of the Chinese leader and the Communist Party in scenes unthinkable just a month ago, when Mr. Xi secured a third term in power.

☆ Chinese Protests Spread Over Government’s Covid Restrictions
▼ + stars: | 2022-11-27 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

Protests against Covid-related restrictions have broken out in several Chinese cities, including in Urumqi, Xinjiang, as shown in this image taken from a video. Protests are erupting in several major cities in China over President Xi Jinping ’s zero-tolerance approach to Covid-19, an unusual show of defiance in the country as the economic and social costs from snap lockdowns and other strict restrictions escalate. The protests followed demonstrations on Friday in Urumqi, the capital of the remote region of Xinjiang, where a deadly fire enraged city residents who had struggled with lockdowns of more than 100 days. Residents flooded social media with comments suggesting the government’s Covid restrictions contributed to a delay in putting out the fire, in which officials said 10 people died.

☆ China Turns to Back-Channel Diplomacy to Shore Up U.S. Ties
▼ + stars: | 2022-11-21 | by ( Lingling Wei | Charles Hutzler | ) www.wsj.com time to read: 1 min

Insurance executive Maurice ‘Hank’ Greenberg, pictured in 2016, hosted a meeting this month of a group of U.S. and Chinese executives and policy advisers. China is turning to an old friend in corporate America to bolster communications with the U.S., as President Xi Jinping tries to stabilize the bilateral relationship while gearing up for greater competition between the two powers. A few days before Mr. Xi’s summit last week with President Biden, according to people with knowledge of the matter, Beijing dispatched a delegation of senior policy advisers and business executives to New York to meet with a U.S. counterpart group set up by insurance executive Maurice “Hank” Greenberg, one of the most successful American businessmen in China.

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