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The ‘Lithium OPEC’

As Tianqi lists in Hong Kong, the story behind it and lithium rival Ganfeng
Jul 15, 2022 (WiC 593)

Lithium – known as the ‘white petroleum’ – is a metal commonly used in the making of batteries for electric vehicles (EVs). A dozen years ago in August 2010, Tianqi and Ganfeng, China’s leading producers of the metal, both went public ...

Meet China’s newest EV battery unicorn
Jul 15, 2022 (WiC 593)

Commentators are talking about a tipping point in the electric vehicle (EV) sector. Sales of EVs have pushed past the 5% mark (in adoption rates) in the US, Europe and China, which means they are starting to go mainstream in the market. But ...

Held to account

Angry savers take to the streets in Zhengzhou
Jul 15, 2022 (WiC 593)

Is it a sounder investment to put money into a bank’s savings account or buy the lender’s shares? Take ICBC: China’s largest bank by market value offers 1.75% interest rates on one-year term deposits, according to its website. But the ...

Rajapaksa raj ends

Chinese loans crucial as Sri Lanka melts down
Jul 15, 2022 (WiC 593)

Sri Lanka is home to one of the world’s highest concentrations of leopards. However, the country’s people seemed to overlook the old maxim about the big cats not being able to change their spots when they voted the Rajapaksa family back into ...

The reaction in China to Abe’s death
Jul 15, 2022 (WiC 593)

“One thing did strike my attention that this is the first use of a weapon to murder someone in Japan [this year],” noted Joe Biden in his response to the death of Japan’s former prime minister Abe Shinzo last week (“I think we have 3,000 ...

Consumers at melting point

Controversy over local ice cream centres on high prices and how it melts
Jul 15, 2022 (WiC 593)

Ice cream brand Zhong Xue Gao has always prided itself on using the best all-natural ingredients. That helps to support its hefty prices: the Ecuador Pink, its most expensive offering, promises pink cocoa powder from the South American country, ...

Yum launches a tea chain
Jul 15, 2022 (WiC 593)

What would Colonel Sanders have made of it? On June 29, a netizen on social e-commerce platform Little Red Book posted that KFC had opened a tea shop in Suzhou called Grandpa Free Tea – playing on the grandfatherly image the fast food chain has ...

Internet-of-stings

Tuya lists in Hong Kong on fears about US exit
Jul 15, 2022 (WiC 593)

British drama The Undeclared War fictionalises what might happen when an unfriendly nation – in this case Russia – launches a cyber attack on the country’s infrastructure. In episode one, a rogue hacker called the Jolly Roger ...

A toddler versus giants

Closure of Mia app rattles investors in baby sector
Jul 15, 2022 (WiC 593)

When stay-at-home mom Liu Nan decided to start her own business in 2011 – the year her daughter was born – she chose an area she was starting to get to know: baby care products. The journey wasn’t straightforward. She tried to negotiate ...

Jobs for the boys

Why a film star’s new role in a state-run theatre is proving so unpopular
Jul 15, 2022 (WiC 593)

For many young people in China, working in government departments has become fashionable again. The positions can be tough to get. Registration for the annual civil service exam last year saw a record high number of 2.1 million people competing ...

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