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Issue 502

WiC 502 (Jul 3, 2020)

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It’s all about the money

Banking & Finance, Talking Point Is the PBoC’s new digital currency a threat to Alipay and…

Despite all the talk of China’s achievements in next-generation technology, there is still a startling digital divide in parts of its domestic ...

Fab prospects

Internet & Tech Chinese chipmakers still struggling, despite stockmarket fanfare

A lot has changed since China’s chip manufacturing giant, SMIC (Semiconductor Manufacturing International Corp) completed its dual listing on the ...

White House confidential

China and the World Bolton’s book reveals Trump called Xi the “greatest Chinese leader in…

One surprising thing about John Bolton’s new ‘tell-all’ book about the Trump administration (from which he resigned last September) is that the ...

Retail redemption

China Consumer Can Gome’s Huang make up for his lost decade?

In the year 2008 Singles’ Day was merely an anti-Valentine’s Day celebration, commemorated by a cult following of college students and young ...

A tale of two cities

Economy Local governments at loggerheads over criminal status of games distributor

In 2017 BBC correspondent John Sudworth carried out an experiment with the local police in Guiyang and found that they took just seven minutes to ...

Market mover

Banking & Finance Shanghai tweaks its benchmark to boost its sluggish performance

Whether a stockmarket index is considered a ‘benchmark’ or not often comes down to how often it gets mentioned in the media. But the Shanghai ...

The dash for cash

Property Evergrande reacts quickly to Moody’s downgrade

Alarge house in central Beijing’s Chaoyang district went up for sale in late May on Alibaba’s auction platform Paimai. The house, which measured ...

The big dipper

Space Programme China’s rival to GPS becomes an investment star

Two incidents in the 1990s are said to have convinced the Chinese government of the necessity of developing their own satellite positioning ...

Ticked off

Media & Gaming India bans Chinese apps including TikTok

The Chinese video sharing app TikTok almost seems made for India – a country where Bollywood films still capture the public imagination and literacy ...

Minnie setback

Education Disney shutters its tutoring business in China

Between 2012 to 2016, the market for English tutoring in China doubled to Rmb85 billion ($12 billion), says Frost & Sullivan, a market research ...

The kids ain’t alright

Entertainment Why has a new 12-episode drama from iQiyi won acclaim?

Less has turned out to be more for audiences of the biggest breakout drama on online video-streaming platform iQiyi this year. The Bad ...

Forced out

Society Controversy in Shandong over village clearances

Place names often convey a sense of history. In the case of three villages in Shandong – Yuanjia, Linjia and Sunjia – the names also convey a sense ...

Cultural ambassadors

Ask Mei Mark Rowswell: China's best-known Mandarin speaking Canadian

Last week we published a video recital of one of China's greatest modern poems by one of the best-known Western personalities in the country. The ...

The cost of decoupling

Sino-File “Production costs over there [in Shenzhen] are 75% lower than in…

Gimmi Baldinini, chairman of Italian designer footwear firm Baldinini, tells the South China Morning Post that even as there is talk of shortening ...

Deal of the century

And Finally China Eastern lures thousands of fliers with unlimited flight passes

If you want to gauge how badly Covid-19 has dented the airline industry, take a look at the bailouts across the sector. After Cathay Pacific’s $5 ...

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