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News on the Chinese Economy

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Fuel for the fire

State regulators turn to sectors beyond the internet in antitrust drive
Dec 3, 2021 (WiC 566)

Founded in 1862, Towngas is Hong Kong’s first public utility. Despite serving a market of just under eight million people, it has been the most profitable gas supplier in China for several decades. How? Hong Kong may get regularly championed ...

Taught a tough lesson

Edtechs exit our Top 50 China Unicorns ranking after regulatory storm
Nov 26, 2021 (WiC 565)

Start-ups that reach $1 billion in value were once regarded as a rare breed. Today the unicorn story is much more commonplace. Indeed, unicorns are seemingly everywhere. Counts often vary but the upper-level estimate is there are at least 900 of ...

The lure of 1.4 billion buyers

New survey and trade fair signal foreign firms’ confidence in China market
Nov 12, 2021 (WiC 563)

Has life ever been tougher for international firms wanting to do business in China? Travel bans and lengthy quarantines designed to quell Covid infection rates have curbed flows of goods and people. Delay and disruption to supply chains, ...

Food for thought

Why has Beijing asked the public to ‘stock up’ on daily necessities?
Nov 5, 2021 (WiC 562)

In October 1962 there were fears that the world was on the brink of nuclear war. Indeed, after a televised address by John F Kennedy, many Americans worried the Soviets could launch nukes from Cuba at any moment. Panicked families across the US ...

Third quarter numbers show slowing economy but higher factory prices
Oct 22, 2021 (WiC 560)

“We now have the worst of both worlds – not just inflation on the one side or stagnation on the other side, but both of them together. We have a sort of ‘stagflation’ situation.” Such was the verdict of Iain Macleod, a British ...

Power struggle over coal

Will electricity outages force China to rethink its green goals?
Oct 15, 2021 (WiC 559)

China’s electricity sector is in a crisis, made worse as winter approaches. Power outages, of course, have occurred in the past. But the disruption over the last few weeks has been the worst for more than 20 years, affecting millions of ...

Energy rationing forces factories to close
Sep 30, 2021 (WiC 558)

Early 1974 was quite literally the darkest period in the UK’s post-war history, when Edward Heath, then prime minister, ordered a national cut in energy consumption as part of his fight with the coal mining unions. Blackouts forced Britons to ...

Bounties issued for bosses
Sep 24, 2021 (WiC 557)

With the speed at which the fortunes of many Chinese tycoons have reversed lately, a new profession may soon flourish: that of bounty hunters who are hired to locate missing company bosses. Last week a senior court in Shandong’s Qingdao city ...

Regulatory storm reaches Macau and HK
Sep 24, 2021 (WiC 557)

Sun Hong Kai PropertiesMajor changes in the casino enclave of Macau have been expected for months, with the current gaming licences due to expire next June. But when the Macanese government announced a formal review of the city’s gaming law ...

What should we expect from the Sixth Plenum?
Sep 10, 2021 (WiC 555)

‘Black swan’ moments refer to unexpected or unpredictable events with grave consequences. In China they usually lead to sudden stock market sell-offs. So Beijingers’ interest was piqued when a real-life black swan suddenly landed in ...

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