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Regulars

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Best foot forward

Local sneaker brands cash in on patriotic surge
Apr 16, 2021 (WiC 536)

Speculative trading of second-hand sneakers is nothing new in China. The resale market is so extensive that it has turned Dewu, a shoe trading platform, into a tech unicorn (see WiC451; the company was previously called Poizon). But shoe scalpers ...

Seven-year itch

“We had seven years of negotiation for the deal. Now it looks like it will take another seven years”
Apr 16, 2021 (WiC 536)

Joerg Wuttke, head of the European Chamber of Commerce in China, points out that the provisional China-EU trade and investment deal was not mentioned on a call between President Xi Jinping and German leader Angela Merkel. The Financial Times ...

“The risk is that China uses its position in the supply chain to put pressure on other economies, and that…
Apr 9, 2021 (WiC 535)

Chris Williams, managing director of UK Seabed Resources, on why his firm has plans to deep-sea mine for rare earths in the Pacific. He told The Times there was concern about “vulnerability” in the supply chain with 95% of rare earths ...

Mask excavation triggers extra-terrestial talk
Apr 9, 2021 (WiC 535)

Little is known about the Shu civilisation that predominated in the area around Chengdu some 3,000 years ago. They left no written records and very few buildings to study. But what has been discovered is a few of their treasure pits, filled ...

“I’d like to strike an optimistic note and I’m very confident that the future of China is going to be…
Apr 1, 2021 (WiC 534)

Elon Musk in an interview with state-run broadcaster China Central Television last Tuesday. “China in the long term will be our biggest market, both where we make the most number of vehicles and where we have the most number of customers,” ...

Uniqlo feels effects of an online skinny craze
Apr 1, 2021 (WiC 534)

On March 5 Uniqlo added a new, larger size to its children’s clothing in China. Previously, the largest size on offer was for kids up to 120cm tall. But now, in a select group of cities such as Shanghai and Beijing, some T-shirts are ...

Driving the future

“The importance of China is truly global. Whenever China embarks on a new journey of modernisation, this has worldwide implications”
Mar 26, 2021 (WiC 533)

Oliver Zipse, chairman of BMW, told the China Development Forum that China’s 14th Five-Year Plan will make it a leader in a number of new technologies. He also told the China Daily that BMW has invested more than Rmb64 billion ($9.81 billion) ...

Bridal borrowing

A new form of dowry loan causes a stir
Mar 26, 2021 (WiC 533)

In many parts of China, caili, or the betrothal dowry a man gives to his bride’s family, can sometimes be a heavy financial burden. So it’s no surprise that a bank in Jiangxi province began advertising a “caili loan” last week. The ...

A good week for Xiaomi

“Xiaomi is a publicly traded company that produces commercial products for civilian use, is controlled by its independent board and…
Mar 19, 2021 (WiC 532)

Opinion of Rudolph Contreras, a US federal judge, ruling on Xiaomi’s blacklisting by the former Trump administration in January. He described that decision as “deeply flawed”. After the decision FT Russell said it would restore Xiaomi to ...

Why is Avatar back on Chinese screens?
Mar 19, 2021 (WiC 532)

In early March one of Hong Kong’s biggest cinema chains, UA Cinemas, abruptly shut down operations. Its closing marked yet another casualty of the pandemic in the movie industry. This week, news surfaced that Wang Jianlin’s Wanda Group is ...

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