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☆ Why Russia accused China of copying its stealth fighter design
▼ + stars: | 2022-10-19 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +8 min

China is often accused of stealing plans for the US F-22 and F-35 to design its J-20 stealth jet. A Chinese J-20. Russia called out the J-20's similarities with the MiG 1.44 immediately after the Chinese fighter was revealedRussia's Su-47 Berkut forward-swept wing aircraft. REUTERS/StringerMikoyan has denied providing any kind of support for China's stealth fighter development which dates back to well before the J-20 was officially unveiled. "It looks like they got access … to documents relating to the Mikoyan — the aircraft that the Ministry of Defence skipped over in its tender to create a stealth fighter," he said.

Monthly debt market data shows foreign investors have been net sellers for seven straight months to August as what had been a lucrative yield premium in China vanished as U.S. interest rates soared. GIMME SHELTERAmid foreign investors' exodus, there are signs of locals following as fast as allowable under capital controls that were tightened after the previous season of heavy outflows in 2016. Moving money is also very difficult as COVID-19 curbs on travel add another layer to capital controls. Data from consultancy Education International Cooperation showed a 41.5% jump in queries about study in Hong Kong between January and July, compared with the same period a year earlier. They expect a rush to Hong Kong products when the border between Hong Kong and the mainland reopens.

Helen Wong, Group CEO of OCBC Bank poses for a portrait during an interview with Reuters in Singapore October 10, 2022. And while OCBC earned nearly half of its operating profit from Singapore, Greater China was the next-largest contributor, followed by Malaysia. She added that OCBC benefited from having both a brick-and-mortar and a strong digital footprint. This has increased attention on OCBC, which has the strongest capital position among Singapore banks. Sanford Bernstein analysts said in a report in June that OCBC had S$4.8 billion that could be used for acquisitions without the need to raise capital.

☆ Factbox: China's 20th Communist Party Congress: who could be in Xi's new team?
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +4 min

BEIJING, Oct 13 (Reuters) - China's Xi Jinping is widely expected to clinch a third five-year leadership at the upcoming congress of the ruling Communist Party, a mandate that would secure his stature as the country's most powerful ruler since founding leader Mao Zedong. Hu Chunhua, 59, vice premierHu is considered a candidate for elevation to the PSC and possibly to become China's next premier. Chen Miner, 62, Chongqing party secretaryChen is also a trusted aide and considered a candidate for the PSC. The only current female member, Vice Premier Sun Chunlan, is 72 and therefore ineligible to serve another term under China's unofficial age norms. Li Xi, 65, party chief of Guangdong provinceLi, considered a trusted ally of Xi, may get a bigger job after the Congress.

☆ China's 'liberal' Wang Yang seen as possible premier as reshuffle looms
▼ + stars: | 2022-10-11 | by ( James Pomfret | ) www.reuters.com time to read: +4 min

During his time in Guangdong, which borders Hong Kong, Wang made his mark by pushing an upgrade of rusting industries and touting socially inclusive policies. Wang was passed over for promotion to the Politburo Standing Committee in 2012, but as vice premier he helped oversee China's external economic relations including with the United States. YOUTH LEAGUELike Li Keqiang and Vice Premier Hu Chunhua - another premiership contender - Wang has ties to the Communist Youth League, a faction seen to be a rival to Xi's. In recent years under Xi, Wang has seemingly tempered his reformist tendencies, echoing the party's tough line on sensitive political issues including Taiwan, Xinjiang and Tibet, while expressing support for Xi. Register now for FREE unlimited access to Reuters.com RegisterReporting by James Pomfret; Editing by Tony Munroe and Lincoln Feast.

☆ China's Communist Party leadership reshuffle: what to look for
▼ + stars: | 2022-10-11 | by ( Yew Lun Tian | ) www.reuters.com time to read: +7 min

Visitors are seen silhouetted against a Chinese Communist Party flag displayed at the Museum of the Communist Party of China in Beijing, China September 3, 2022. REUTERS/Florence LoBEIJING, Oct 11 (Reuters) - China's ruling Communist Party will reshuffle its leadership when it holds a once-in-five-years Congress starting Oct 16, with Xi Jinping widely expected to stay on for a third term as general secretary, China's senior-most position. Economic tsar and Vice Premier Liu He, 70, is due for retirement. The only woman in the Politburo, Vice Premier Sun Chunlan, 72, is also due to retire. Xu Qiliang and Zhang Youxia, both military chiefs in the Politburo age 72, are also due to retire.

☆ Analysis: How China's Xi accumulated power, and why it matters in a third term
▼ + stars: | 2022-10-10 | by ( Yew Lun Tian | ) www.reuters.com time to read: +6 min

A visitor takes pictures in front of a screen displaying an image of Chinese President Xi Jinping, at the Museum of the Communist Party of China in Beijing, China September 3, 2022. Restoring the practice, which entails self-criticism in front of the general secretary, marked a small but symbolic example of how Xi has departed from China's collective leadership of recent decades and accumulated power unseen since Mao's time. The expected absence of a clear successor will also enable Xi to rule unchallenged but potentially ratchets up risk the longer he stays in power. Many were purged, including rivals for power like the popular former Chongqing party chief Bo Xilai. Xi also oversaw a crushing of dissent and forbade "disrespectful" discussion about the party among members.

☆ As Cantonese language wanes, efforts grow to preserve it
▼ + stars: | 2022-09-28 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

Or worse, the Cantonese language and culture won’t survive another generation. Ceci Pang, a former kindergarten teacher, runs classes for children at Rainbow Seeds Cantonese school in London. Some turn to social media for advice and camaraderie — a Facebook group called “Cantonese Parents” has thousands of members sharing tips on everything from Cantonese books to YouTube videos. After more than 20 years, the school opted not to renew her contract, which effectively eliminated the Cantonese language program. Aleyda Poe has been overseeing the Cantonese kindergarten at Merit Chinese School in Plano, Texas, for over a decade.

☆ China's biggest air show could take off again without C919 narrowbody jet
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

A display of VT5 light main battle tank is seen at the China International Aviation and Aerospace Exhibition, or Airshow China, in Zhuhai, Guangdong province, China September 29, 2021. REUTERS/Aly SongBEIJING/SYDNEY, Sept 27 (Reuters) - China will show off its homegrown civil and military aviation technology at the country's biggest air show in November, the mayor of host city Zhuhai said on Tuesday, though there was no confirmation that would include the C919 narrowbody jet. Western suppliers are behind some of the key technology in the C919, including the avionics and engines. Two C919 jets arrived in Beijing on Sept. 13, in a move widely viewed as preparation for certification by the aviation regulator on Sept. 19, a symbolic date given the model number. But that did not happen and the two jets remain parked in Beijing, according to flight tracking websites.

☆ Airlines add flights to Hong Kong but the aviation hub won't be back to normal anytime soon
▼ + stars: | 2022-09-26 | by ( Michelle Toh | Cnn Business | ) edition.cnn.com time to read: +6 min

Hong Kong (CNN Business) International airlines are scrambling to add more flights to Hong Kong as the city ends two and a half years of quarantine measures , leading to a surge in demand for travel. This will absolutely increase the demand for travel to and from Hong Kong," Christoph Meyer, Lufthansa's general manager of sales for Hong Kong, Macao and South China, said in a statement. International Air Transport Association Director General Willie Walsh said last week that China's zero-Covid policy had "devastated" Hong Kong. Friday's news puts Hong Kong back on "the right track," said Dr. Kam Hung Ng, assistant professor of aviation engineering at the Hong Kong Polytechnic University. He told CNN Business that Hong Kong still had advantages that could allow its aviation industry to recover to pre-pandemic levels, "or even more."

☆ Hong Kong Covid: Airlines race to add flights to the city, reviving hopes for its recovery as an aviation hub
▼ + stars: | 2022-09-26 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN Business —International airlines are scrambling to add more flights to Hong Kong as the city ends two and a half years of quarantine measures, leading to a surge in demand for travel. “As Hong Kong’s home airline, we are fully committed to rebuilding the connectivity of the Hong Kong aviation hub,” it said in a statement. This will absolutely increase the demand for travel to and from Hong Kong,” Christoph Meyer, Lufthansa’s general manager of sales for Hong Kong, Macao and South China, said in a statement. International Air Transport Association Director General Willie Walsh said last week that China’s zero-Covid policy had “devastated” Hong Kong. Friday’s news puts Hong Kong back on “the right track,” said Dr. Kam Hung Ng, assistant professor of aviation engineering at the Hong Kong Polytechnic University.

☆ China is using civilian ships to enhance navy capability and reach
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: +8 min

Aerial view of fishing boats setting sail to South China Sea for fishing on August 16, 2022 in Yangjiang, Guangdong Province of China. Hundreds of fishing boats anchored for months at a time among disputed islands in the South China Sea. The civilian vessels do more than just augment the raw numbers of ships, performing tasks that would be difficult for the military to carry out. "Because they are ostensibly civilian fishing vessels, navies' ships are unable to deal with them lest China accuse the Philippines of provoking an incident and using force against civilians," he said. In the event of a conflict, China's use of civilian vessels would complicate the rules of engagement, he said.

☆ China's new J-20 is nothing 'to lose a lot of sleep over,' but the US's stealth advantage isn't safe, US commanders say
▼ + stars: | 2022-09-23 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

China's air force has rapidly grown in size and capability, adding advanced jets like the J-20. The J-20 isn't "anything to lose a lot of sleep over," the head of US Pacific Air Forces said this week. But US Air Force leaders do say the US needs to work to stay head of the progress China is making. "We can take a look at it today and say we're not going to lose a lot of sleep. I'll lose sleep if we don't continue to modernize our Air Force to ensure that we stay ahead of where they are."

☆ China property IPO bets on big name to calm fears
▼ + stars: | 2022-09-22 | by ( Jennifer Hughes | ) www.reuters.com time to read: +4 min

REUTERS/StringerHONG KONG, Sept 22 (Reuters Breakingviews) - Big names generate deal interest, but that comes with risks, too. At the top of the price range, residential and commercial property manager Onewo will raise about $790 million in what will be Hong Kong’s biggest initial public offering. Two years ago, similar floats were commanding valuations of up to 27 times expected earnings. Those were better times: a Hong Kong index for the sector has dropped 72% since then. Parent Vanke will take some comfort however from other recent listings in Hong Kong.

☆ China Evergrande mulls asset transfer to property unit for debt payment
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA partially removed company logo of China Evergrande Group is seen on the facade of its headquarters in Shenzhen, Guangdong province, China January 10, 2022. REUTERS/David KirtonSept 21 (Reuters) - China Evergrande Group (3333.HK) said on Wednesday it was considering transferring some assets to its property unit to settle some of the unit's debt payments. In July, the company revealed that loans secured by Evergrande Property Services (6666.HK) had been diverted to the parent group, which led to Evergrande Group's chief executive and finance head stepping down. read moreDeposits worth 13.4 billion yuan ($1.90 billion) held by the property unit had been used as collateral for pledge guarantees and seized by banks. Evergrande Group added that it had sold 18.16 billion yuan worth of properties from January to August, and it has 706 pre-sold but undelivered construction projects.

☆ Chinese buyers snap up luxury homes as 'hard currency' in soft property market
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterUnder-construction apartments are pictured from a building during sunset in the Shekou area of Shenzhen, Guangdong province, China November 7, 2021. REUTERS/David KirtonBEIJING, Sept 19 (Reuters) - In the southern Chinese city of Shenzhen, where the real estate sector has slowed, luxury property is bucking the downtrend, the official Securities Times reported on Monday, as wealthy buyers seek a safe haven amid a weak market. With the units ranging in size to up to 425 square meters, that suggests some could have reached values of $9.8 million. But new luxury homes are still popular with buyers, who see them as "hard currency" in a feeble property market, the newspaper cited industry insiders as saying. ($1 = 7.0176 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com RegisterReporting by Liangping Gao and Ryan Woo; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

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