553 Archives | Week In China

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Back Issue

WiC 553 (Aug 27, 2021)

Spreading the wealth

Economy, Talking Point After decades of prioritising ‘efficiency’, Beijing’s new mantra is ‘fairness’

These have been a bruising few months for many of China’s best-known businesspeople, with some prominent tycoons now knowing what it feels like to be ...

Into the fast lane

Auto Industry Baidu launches robocar; NIO reels from crash

The Chinese media rarely mentions the once ubiquitous BAT acronym nowadays. Baidu’s market value has been dwarfed not only by fellow BAT constituents ...

From bad to worse

Banking & Finance Huarong reports record loss, then gets rescued

Wall Street executives might get the occasional death threat from livid investors, irate at losses in their portfolios. Over in China the risks for ...

A family falling out

Agriculture WH Group dismisses dramatic accusations from chairman’s son

Across the vast and storied history of the Roman Empire, Constantine the Great remains one of the most influential rulers. Born in today’s Serbia, he ...

Internet & Tech Xiaomi boss pledges to top smartphone sales

Lei Jun bought his first pair of ripped jeans in 2018. He did so not as a fashion statement but to symbolise instead his regret at the poor stock ...

Shanghai calling

Telecoms Can state telcos rekindle investors’ love for SOEs?

China’s state-owned telcos have an unerring ability to foreshadow broader capital market trends and China Telecom was at it again last week, when it ...

Based on a true story

Entertainment New anti-graft drama wins plaudits as Hangzhou Party chief is probed

Last Saturday, China’s Central Commission for Discipline Inspection sent shockwaves through the political and business community when it announced ...

Language barrier

Education New signs that English has hit its peak in China?

Children at schools across China will be pleased that policymakers are asking head teachers to cut back on their homework. Mandatory study of ‘Xi ...

Through the storm

Sino-File “We believe that the regulatory goals are conducive to JD’s long-term…

JD Retail’s CEO Xu Lei discusses the impact of the government crackdown on the internet sector on JD.com’s second quarter results. Revenue still ...

Days of thunder

And Finally Hong Kong fury at Nicole Kidman’s quarantine-free arrival in the city

Hong Kong’s government has a “zero infection” goal as part of its Covid-19 policy. As a result the territory has some of the strictest quarantine ...