An awkward anniversary? Xi Jinping celebrates in Hong Kong, twenty years after its return to China
Also: Chinese telcos tune up for $249 billion 5G transition; we profile Wang Shi’s legacy as he steps down as Vanke chairman; and the banks hunt for common ground with internet giants Alibaba and Tencent
Plus: Israeli tech firms look for Zhuhai investors; how Chinese audiences have revived Transformers fortunes; and why Microsoft is composing Chinese poetry