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☆ China: More 'desperate' easing policies could come through in mid-August, strategist says
▼ + stars: | 2023-07-17 | 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 EmailChina: More 'desperate' easing policies could come through in mid-August, strategist saysLeong Lin Jing of Columbia Threadneedle Investments says such measures are likely to be rolled out until China hits its 5% growth target.

Persons: Leong Lin Jing Organizations: China, Columbia Threadneedle Investments Locations: Columbia, China

☆ China's Q2 GDP seen rising 7.3% y/y but on low base, recovery fades: Reuters poll
▼ + stars: | 2023-07-13 | by ( Kevin Yao | ) www.reuters.com time to read: +4 min

Economic growth is likely to slow to 4.8% in the third quarter and 5.3% in the fourth, with full-year growth expected to reach 5.5%, the poll showed. China's central bank on Monday extended until the end of 2024 some policies which were unveiled in a November rescue package to shore up the real estate sector, including loan repayment extensions for developers. Analysts polled by Reuters expect the central bank to cut banks' reserve requirement ratio (RRR) by 25 basis points in the third quarter, while keeping benchmark lending rates steady. The central bank cut the RRR - the amount of cash that banks must hold as reserves - in March. But the central bank is likely to be wary of cutting lending rates further.

Persons: it's, Zhang Yiping, Li Qiang, Devayani Sathyan, Susobhan Sarkar, Jing Wang, Kevin Yao, Kim Coghill Organizations: Beijing, Reuters, Gross, China Merchants Securities, stoke, Thomson Locations: China, BEIJING, Bengaluru, Shanghai

☆ Mushrooms Have Taken Over Fashion and Wellness. Up Next: Chocolate
▼ + stars: | 2023-07-12 | by ( Megan Bradley | ) www.nytimes.com time to read: +2 min

And their strength isn’t limited to the psychedelic: Functional mushrooms — species that have been shown to have cognitive, immune system and longevity benefits — have been used for centuries in Chinese medicine to treat a variety of ailments. The pairing of cacao and mushrooms can be traced back thousands of years: Ceremonies in which fungi were mixed with cacao in an attempt to commune with the divine were an integral part of many Mesoamerican cultures. “The relationship between cacao and mushrooms is symbiotic,” says Zar. “The cacao is a vasodilator,” an agent that widens blood vessels, she continues, “and acts as a carrier for the mushrooms” across the blood-brain barrier, allowing the fungi to take effect. “As an interconnected, living network,” he says, “fungi are poster organisms for ecological and circular thinking.”

Persons: Shen Nong Ben Cao Jing, ”, Shen Nong, Isabella Zar, Merlin Sheldrake Locations: California

☆ It's not just the US: Corporate profits are keeping inflation high in Europe too
▼ + stars: | 2023-07-06 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

As inflation stays high around the world, some are increasingly blaming high corporate profits. An IMF working paper found that corporate profits account for nearly 45% of European inflation. Inflation is not solely caused by soaring profits, but the working paper finds that profits rising well above pre-pandemic trends have made their mark on European inflation. And Europe might be worse off than the US when it comes to so-called "greedflation," as inflation in the states cools off and profits play increasingly less of a role in keeping costs high. The IMF analysis finds that profits are ultimately playing a larger role in European inflation than in the US and Canada.

Persons: —, hasn't, Niels, Jakob Hansen, Frederik Toscani, Jing Zhou, Noah Sheidlower, Chris Becker Organizations: Service, International Monetary Fund Locations: IMF, Europe, Canada

☆ China lithium price rebound to be capped by growing supply - analysts
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +3 min

Production and sales of EVs in May grew by 53.7% and 71.2% respectively year-on-year, data from the China Passenger Car Association showed. Demand from the energy storage sector, the second biggest user of the battery metal, is also growing rapidly. "We are seeing the energy storage market is boosting capacity expansion of LFP (lithium iron phosphate) batteries and cathode materials, which in turn sends pressure to the price of lithium carbonate," Zou said. Zou expects the lithium carbonate price in China to average 300,000 yuan a ton this year. "The May growth seen in the auto market, boosted by short-term policy support, is unlikely to last and lithium prices might fall below 200,000 yuan within this year," he added.

Persons: Price, Susan Zou, Zou, Yang Jing, Chen Junquan, Chen, Siyi Liu, Dominique Patton, Andrew Hayley, Emma Rumney Organizations: China Passenger Car Association, Cell, Rystad Energy, EV, Beijing, China Corporate Research, Fitch, Economic Research Institute, Manufacturers, Thomson Locations: BEIJING, China, Beijing, Shanghai

☆ Cut Off From Headquarters: Global Fund Managers Are Stuck in China’s Black Box
▼ + stars: | 2023-06-10 | by ( Jing Yang | Rebecca Feng | ) 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/cut-off-from-headquarters-global-fund-managers-are-stuck-in-chinas-black-box-260f5933

Persons: Dow Jones

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. 1. tomtit — any of several small birds:The Audubon Society would file a complaint in defense of tomtit virility. But, such is the state of Massenet’s reputation, I doubt that many sophisticated operagoers would rush to defend him. When I have busy days and am running around, I throw some on an avocado with tamari as a quick snack. — Cheap(ish) Thrills: Gwyneth Paltrow’s Favorite Everyday Things (June 8, 2022)And the list of the week’s easiest words:

Persons: tomtit, Massenet — Minor, moratoria, —, rototill, torii, David, Julia Wolfe’s, “, ”, tallit —, Liverman’s, Crane’s, Chili Crisp, I’ve, Gwyneth Paltrow’s Organizations: Audubon Society, ”, David Geffen Hall Locations: California, Mycenae, Greece, Brandenburg

☆ Venture-Capital Firm Sequoia to Separate China Business as Political Tensions Rise
▼ + stars: | 2023-06-06 | by ( Jing Yang | ) 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/venture-capital-firm-sequoia-to-separate-china-business-as-political-tensions-rise-36e54f85

Persons: Dow Jones Locations: sequoia

Questioned after his speech on the incident, Li said the US naval presence in the strait was an example of Washington creating chaos in the region. “They are not here for innocent passage, they are here for provocation,” Li said of US warships. Li said if the US and other foreign powers did not want confrontation, they should not send their military assets near China. The incident is the second time in two weeks that Chinese military personnel have engaged in aggressive maneuvers in the vicinity of US military personnel near China’s border. US and Chinese defense chiefs are not expected to meet this year – a mark of the depth of the fracture in relations between the two countries.

Persons: Li Shangfu, ”, Lloyd Austin, Li, ” Li, USS Chung, Hoon, Arleigh Burke, “ Chung, “, Chung, Paul Mountford, Shi Yi, Austin, ” ‘, General Jing Jianfeng, ” China’s, Xi Jinping, Jing Organizations: Singapore CNN —, US, Canadian, Pacific Command, USS, Canada’s Global, PLA, East China Seas, Command, Taipei’s Defense, Chinese Communist Party, People’s Liberation Army, CCTV, Communist Party, Taiwan Locations: Singapore, United States, Washington, China, Taiwan, Canadian, Montreal, South, East, China’s, Beijing, “, Austin

☆ U.S., China trade blame as hopes for military dialogue fade
▼ + stars: | 2023-06-03 | by ( ) www.cnbc.com time to read: +1 min

Tensions between the U.S. and China have escalated over the last few years. U.S. Secretary of Defense Lloyd Austin rebuked China on Saturday for refusing to hold military talks, leaving the superpowers deadlocked over Taiwan and territorial disputes in the South China Sea. A senior Chinese military official struck back, saying the United States was responsible for a breakdown in dialogue by ramping up sanctions on Chinese officials and destabilizing the Asia-Pacific with its military presence. "China-U.S. military relations are faced with difficulties and the responsibility lies entirely on the U.S. side," Lieutenant General Jing Jianfeng told reporters at the summit. "China attaches importance to developing China-U.S. military relations, and our interactions and communication have never been suspended."

Persons: Defense Lloyd Austin, Austin, ramping, Jing Jianfeng Organizations: U.S, Defense, People's Locations: China, Taiwan, South China, People's Republic of China, Singapore, United States, Asia, U.S

☆ China launches Shenzhou-16 mission to Chinese space station - state media
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

China Daily via REUTERSBEIJING, May 30 (Reuters) - China sent three astronauts to its now fully operational space station as part of crew rotation on Tuesday in the fifth manned mission to the Chinese space outpost since 2021, state media reported. The astronauts on Shenzhou-16 will replace the three-member crew of the Shenzhou-15, who arrived at the space station late in November. China has already announced plans to expand its permanently inhabited space outpost, with the next module slated to dock with the current T-shaped space station to create a cross-shaped structure. Leading the Shenzhou-16 mission was Jing Haipeng, 56, a senior spacecraft pilot from China's first batch of astronaut trainees in the late 1990s. Also by the end of 2023, China is due to a launch space telescope the size of a large bus.

☆ Shenzhou-16 launch: China sends first civilian astronaut to space
▼ + stars: | 2023-05-29 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

CNN —China sent its first civilian astronaut into orbit on Tuesday, as it launched the Shenzhou-16 mission to its space station for its second in-orbit crew rotation, marking another step forward for the country’s ambitious space program. It is China’s fifth manned mission to the space station since 2021. Several media outlets on Monday responded to the online discussion over how a person without perfect vision could be physically cleared for a space mission. This could make it the sole in-orbit outpost for scientific research after the expected end of operations for the International Space Station in 2030. Tiangong’s core module first entered orbit in 2021, marking the first major step in a space station dream envisioned by the government since 1992.

☆ Fashion Giant Shein Raises $2 Billion but Lowers Valuation by a Third
▼ + stars: | 2023-05-17 | by ( Jing Yang | ) 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/fashion-giant-shein-raises-2-billion-but-lowers-valuation-by-a-third-1f8c316b

☆ Ant’s Financial License Is in Limbo as China Shakes Up Regulatory System
▼ + stars: | 2023-05-05 | by ( Jing Yang | Raffaele Huang | ) 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/ants-financial-license-is-in-limbo-as-china-shakes-up-regulatory-system-bda3b474

☆ China's Q1 GDP growth seen rebounding to 4.0%, 2023 rate seen at 5.4%: Reuters poll
▼ + stars: | 2023-04-14 | by ( Kevin Yao | ) www.reuters.com time to read: +4 min

That would be the fastest growth since the first quarter of last year. For 2023, growth was expected to pick up to 5.4%, the poll showed, from 3.0% last year - one of its worst performances in nearly half a century due to strict COVID-19 curbs. The government has set a modest target for economic growth of around 5% for this year, after badly missing the 2022 goal. The government is due to release first quarter GDP data, along with March activity data, at 0200 GMT on April 18. Consumer inflation will likely quicken to 2.3% in 2023 from 2.0% in 2022, before steadying in 2024, the poll showed.

☆ We're very interested in the European market, says Chinese electric motor company
▼ + stars: | 2023-04-12 | 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 EmailWe're very interested in the European market, says Chinese electric motor companyYu Ping of Jing-Jin Electric says "gradually, we're going to consider investing in Europe to form capacity … so we can bring our capabilities closer … to customers."

☆ We like the Thai baht 'structurally,' says asset management firm
▼ + stars: | 2023-04-04 | 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 EmailWe like the Thai baht 'structurally,' says asset management firmLeong Lin Jing of Columbia Threadneedle Investments says there are a few risks building as the country heads into a general election in May, and explains why it's "long" on the currency "for now."

☆ Jack Ma Engineered Alibaba’s Breakup From Overseas
▼ + stars: | 2023-03-30 | by ( Jing Yang | Shen Lu | ) www.wsj.com time to read: 1 min

HONG KONG—Chinese billionaire Jack Ma was orchestrating from overseas the corporate breakup of the e-commerce empire he built, Alibaba Group Holding Ltd. , according to people familiar with the matter. Despite having stepped down as executive chairman of Alibaba in 2019, Mr. Ma remained an influential figure at the company and is active in deciding its strategy, the people said. In recent months, he held calls with Alibaba’s top executives, including the current chairman and chief executive Daniel Zhang , urging them to split up the company, saying it would make it more nimble and competitive in China’s increasingly crowded market, the people said.

He used to be boss of a tech giant. Now he’s studying fish and rice. The peregrinations of Jack Ma , co-founder of Alibaba Group Holding Ltd., over the past year have included a visit to a Japanese lab specializing in farmed tuna—where the staff didn’t recognize him—and a Dutch university to learn about sustainable food production.

Spot lithium carbonate prices assessed by Fastmarkets fell to 260,000 yuan ($38,079.06) per tonne this week, less than half the price quoted last November. Five analysts polled by Reuters last month had expected the price would drop to 300,000 yuan by the end of this year. "The unprecedented price cuts among traditional auto makers will eat EVs' market share in the short term, hitting lithium demand further," said Vicky Zhao, a Beijing-based senior analyst at Fastmarkets. Lithium prices in the United States and Europe have also fallen, albeit less sharply, amid rising but still tight supplies and a stronger outlook for EV sales. ($1 = 6.8279 Chinese yuan renminbi)Reporting by Siyi Liu and Dominique Patton; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

☆ Chinese firm invents lockdown-inspired kissing machine for remote lovers
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +3 min

[1/3] Jing Zhiyuan uses a remote kissing device "Long Lost Touch", as he demonstrates how to use it during an interview with Reuters, at his home in Beijing, China March 12, 2023. Users can even download kissing data submitted via an accompanying app by other users. In the two weeks after its release, the firm sold over 3,000 kissing machines and received about 20,000 orders, he said. To use it, lovers must download an app onto their smartphones and pair their kissing machines, which they plug into the phone charging port. MUA is not the first remote kissing device.

☆ China’s M&A Star Told His Employees to Be Bold—Then He Disappeared
▼ + stars: | 2023-03-17 | by ( Jing Yang | Rebecca Feng | ) www.wsj.com time to read: 1 min

Fan Bao set out to build the JPMorgan of China, successfully straddling the divide between China and the West. In mid-January, star Chinese investment banker Fan Bao , architect of the deals that created some of China’s most dominant technology companies, appeared at his bank’s annual party in Beijing. He brought along his children, who played instruments and performed a rendition of the Coldplay hit “Yellow.” He exhorted the hundreds of staffers in attendance to “Go Forward Boldly.”A few weeks later, he disappeared.

☆ Getting Money Out of SVB Was Hard—For Chinese Customers, It Was Harder
▼ + stars: | 2023-03-16 | by ( Jing Yang | Rebecca Feng | ) www.wsj.com time to read: 1 min

The sudden collapse of Silicon Valley Bank sparked acute anxiety among startups around the world. It was particularly problematic for firms in China that had put all their eggs in one basket after being courted by the California-based lender earlier on. Even after the Federal Deposit Insurance Corp. stepped in to backstop all of Silicon Valley Bank’s deposits, some Chinese startups, venture-capital and private-equity firms ran into hurdles trying to move their money out of the failed lender. Many had multiple accounts with SVB , which was the only U.S. bank some Chinese customers used for their dollar deposits and transactions.

☆ SVB’s Collapse Hits the Chinese Startups It Once Wooed
▼ + stars: | 2023-03-16 | by ( Jing Yang | Rebecca Feng | ) www.wsj.com time to read: 1 min

☆ Getting Money Out of SVB Was Hard—for Chinese Customers, It Was Harder
▼ + stars: | 2023-03-16 | by ( Jing Yang | Rebecca Feng | ) www.wsj.com time to read: 1 min

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