EDM 1 – Issue 405

How Hainan has high hopes for horseracing and shopping as part of a bold new Free Trade Port plan

Plus: Ant Financial heads for huge IPO; SenseTime soars after fundraising round; and why changes in ownership rules could clear the road for Tesla’s first car plant in China

Also: Chinese cities compete for graduate talent; ever heard of Douyin (it gets a billion views a day); and columnist Richard McGregor on how a Sino-US trade war looks from Australia.