EDM 1 – Issue 571

Capital growth: in historic move Beijing’s GDP could soon overtake Shanghai’s

Plus: Bytedance plays it safe by shuttering M&A investment unit; BYD’s lithium deal runs into legal limbo in Chile, as Li Auto boss gets upset at yet another EV entrant; and how Celine handbags are at the centre of a new inflation debate

Also: what does Microsoft’s megadeal for Activision Blizzard signal for Tencent; more trouble in tobacco, as Huabao tycoon is called in for questioning; and as the Year of the Tiger beckons, WiC looks back at a full 12-year cycle of feng shui predictions we’ve covered for the Chinese zodiac

WiC will be back on February 11, after the Chinese New Year holiday period