Fear on the frontier Sep 18, 2020 (WiC 511)
“There is now a real risk of military conflict between India and China”
Devesh Kapur’s op-ed in the Financial Times warns that border skirmishes in the Himalayas are happening in a context similar to the Sino-Indian War of 1962 when the US was distracted (this time by the November election, last time by the Cuban Missile Crisis). Kapur, a director of Asia Programmes at John Hopkins University, added that “a high stakes game is clearly afoot”.
Separation anxiety Sep 11, 2020 (WiC 510)
“We lose billions of dollars and if we didn’t do business with them we wouldn’t lose billions of dollars. It’s called decoupling”
President Donald Trump again raised the idea of separating the US economy from the Chinese one on Monday, a prospect that would have been unthinkable only a few years ago. Trump also vowed once again to bring jobs back from China to the US.
Back in the fast lane Sep 4, 2020 (WiC 509)
“Of course, China’s rapid economic recovery is one important reason behind our business recovery. After all, China is the largest market for Panamera and Porsche as a whole”
Porsche CEO Oliver Blum sounds an optimistic note on sales during the launch of the new Panamera last week. Blum said revenues in China were “playing an ever more important for us” and expected sales of around 87,000 cars – roughly the same as last year.
Taking it slow Aug 28, 2020 (WiC 508)
“No matter what happens, our overall capital expenditure during this three-year peak investment period of 5G, including this year, will not increase dramatically”
Comments made by Yang Jie, chairman of China Mobile, at its interim results briefing last Thursday. The company kept its annual capital expenditure at close to $26 billion and left its dividend unchanged. The Financial Times indicated that 5G development in China might have entered more of a ‘go slow’ phase, owing to Huawei’s problems with the US (see WiC507).