Sino-File

Striking the right note

Striking the right note
Sep 30, 2022 (WiC 602)
“If two fine orchestras are to work together harmoniously, their conductors must first set the same tone, and all the players must follow the same music score”

Wang Yi, China’s Foreign Minister, speaking at the Asia Society in New York last week, complained that the “US team seems to have two different sets of music score” in which commitments from Joe Biden to a “stable bilateral relationship” were not being translated into “logical policies”.

Mixed messages

Mixed messages
Sep 23, 2022 (WiC 601)
“In my view, ‘strategic ambiguity’ is being eroded, but what is replacing it is closer to ‘strategic confusion’ than ‘strategic clarity’”

Bonnie Glaser, a Taiwan expert at the German Marshall Fund, responds in the Financial Times to comments from Joe Biden that the US military would defend Taiwan from an “unprecedented attack”. Beijing responded angrily that the remarks “severely violate” Washington’s policy towards the island.

The home stretch

The home stretch
Sep 16, 2022 (WiC 600)
“We have to work hard and put our nose to the grindstone to ensure the delivery of projects. Only in this way can we satisfy the homebuyers, resume sales, resume operations, repay all types of debts and get out of the predicament”

Evergrande chairman Xu Jiayin says construction has started again on 668 of the company’s 706 pre-sold projects in China. Investors in the company are still waiting for details on its restructuring, though, although one creditor has just seized its Hong Kong headquarters building after failure to repay a $968 million loan.

Brick by brick

Brick by brick
Sep 9, 2022 (WiC 599)
“Will we continue our investment decisions in the Chinese mainland? The short answer is yes. Irrespective of the short-term volatility, during this period of Covid, we still see the fundamentals”

Tim Blackburn, chief executive of Swire Properties, speaks to the South China Morning Post about the firm’s 10-year $12.7 billion investment plan in Shenzhen, where it will develop its Taikoo Li and Taikoo Hui mixed-use projects. Swire has a 150-year history in China and Blackburn said the Shenzhen investment is aligned with “the Greater Bay Area story”.