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”.
Climate credit Sep 2, 2022 (WiC 598)
“They have said they will do X, Y and Z and they have done more”
US climate envoy John Kerry tells the Financial Times that China has “generally speaking, outperformed its commitments” in tackling global warming. Beijing cut short climate talks with the US after House Speaker Nancy Pelosi’s visit to Taiwan but Kerry was keen to laud Chinese climate efforts, perhaps as a means to restoring engagement.
Silicon showdown Aug 26, 2022 (WiC 597)
“China has the market, but the US has the technology”
Yeo Han-koo, South Korea’s trade minister till May, explains to the Financial Times why the likes of Samsung have opted for the US side in the semiconductor war with China. “Without technology you have no product. Without a market, at least you can find a way to diversify and identify alternatives,” Yeo added.
Bargaining chips Aug 19, 2022 (WiC 596)
“My feeling is that the only sensible strategy with the Chinese, as long as we have the technology lead in some areas, is to use that as a bargaining chip – if you want the wafer, you have to build the factory in the UK, employ a certain number of people”
Hermann Hauser, a veteran entrepreneur who was involved in the founding of leading UK chip firm Arm, told the Financial Times that he detects “anti-China hysteria” in the British response to Nexperia’s takeover of Newport Wafer Fab. “If you don’t allow the Chinese [to invest in Newport Wafer], the company withers on the vine and then, in the end, you have got nothing.”