China Bureau Chief @WSJ. Formerly of Seoul, New York and Hong Kong bureaus. jonathan.cheng@wsj.com
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Jan 30 • 13 tweets • 5 min read
DeepSeek Scrambles U.S.-China Tech War—The U.S. tried to slow China’s tech advances, but DeepSeek showed how hard that is
@lizalinwsj @joshchin @stuwoo @hwclarence wsj.com/tech/deepseek-… wsj.com/tech/deepseek-…
@lizalinwsj @joshchin @stuwoo @hwclarence The unexpected success of Chinese AI startup DeepSeek has revealed cracks in U.S. efforts to contain China’s technology ambitions, challenging both Washington and Silicon Valley to rethink how best to preserve American supremacy. wsj.com/tech/deepseek-…
Jan 28 • 18 tweets • 7 min read
DeepSeek Chief’s Journey From Math Geek to Global Disruptor—The Chinese engineer built the AI company after founding a successful hedge-fund
@GZuckerman @raffaelehuang wsj.com/tech/ai/liang-… wsj.com/tech/ai/liang-…
@GZuckerman @raffaelehuang Some call him China’s Sam Altman. Others compare him to Jim Simons, the pioneer of quantitative investing. Liang Wenfeng shares a lot with both innovators, and his impact might end up being as great. wsj.com/tech/ai/liang-…
Jan 19 • 15 tweets • 6 min read
Xi Tells Officials Scared of Being Purged: It’s OK to Make Mistakes—With the economy on the line and many bureaucrats too cowed to act, party enforcers vow to be lenient (when appropriate)
@ByChunHan wsj.com/world/china/ch… wsj.com/world/china/ch…
@ByChunHan Xi Jinping is intensifying a war on corruption that has purged officials in record numbers—with the side effect of leaving many unwilling to act for fear of punishment. wsj.com/world/china/ch…
Jan 15 • 29 tweets • 10 min read
China Reins In Its Once-Freewheeling Finance Sector With Purges and Pay Cuts—Xi’s campaign against capitalist excess ushers out internationally experienced financiers for a new generation of loyalists
@RebeccaYFeng @ByChunHan wsj.com/world/china/ch… wsj.com/world/china/ch…
@RebeccaYFeng @ByChunHan For decades, China sought to learn from Western finance. Now it’s purging many of its internationally experienced financiers while ushering in a new generation of functionaries willing to carry out Communist Party edicts and disavow capitalist excess. wsj.com/world/china/ch…
Jan 1 • 5 tweets • 2 min read
China’s Economy Is Burdened by Years of Excess. Here’s How Bad It Really Is. Overindebtedness, overbuilding and overcapacity are causing problems at home and abroad.
@wsj_douglasj @mingli_mingli wsj.com/world/china/ch… wsj.com/world/china/ch…
@wsj_douglasj @mingli_mingli China’s go-go days are behind it as its economy struggles with the end of the biggest real-estate bubble ever. Now, China’s goal of overtaking the U.S. as the world’s largest economy might take decades longer than Beijing expected—if it happens at all. wsj.com/world/china/ch…
Dec 17, 2024 • 7 tweets • 3 min read
Few things annoy Beijing’s censors more these days than anyone “talking down” the Chinese economy. Yet recent trading in the country’s bond market is screaming the “D” word. You heard right: “D” as in depression.
@Lingling_Wei wsjchina.cmail20.com/t/d-e-sslkdk-d… wsjchina.cmail20.com/t/d-e-sslkdk-d…
@Lingling_Wei Over the past week, just as Beijing tried to get the public—and markets—excited with another round of stimulus talk, China’s 10-year sovereign yield kept falling to fresh lows. Now, the yield is around 1.7%, a full percentage-point plunge from a year ago. wsjchina.cmail20.com/t/d-e-sslkdk-d…
Dec 10, 2024 • 30 tweets • 11 min read
In China’s Rapidly Aging Cities, Young People Flee and Few Babies Are Born—Fushun, where roughly a third of the population is 60 or above, offers a snapshot of nation’s future
@Kubota_Yoko @QiLiyan @ByXiaoXiao wsj.com/world/china/ch… wsj.com/world/china/ch…
@Kubota_Yoko @QiLiyan @ByXiaoXiao FUSHUN, China—This rust-belt hub helped fuel China’s economic rise. Now, it offers a view of China’s future—in which eroding growth collides with a ballooning elderly population and a shortfall in babies. wsj.com/world/china/ch…
Dec 1, 2024 • 4 tweets • 2 min read
“He is very pro-China, always has been,” says one former senior Tesla executive who worked closely with Musk for more than a decade. “The perception that China is trying to screw the US, that is not shared by Tesla.”
@edwardwhitenz ft.com/content/e2ecd4…
Tina Hou, who leads China auto research for Goldman Sachs, estimates that more than 90 per cent of Tesla’s suppliers for the Shanghai factory are Chinese and when Tesla builds factories overseas these suppliers increasingly “go out” with Tesla. ft.com/content/e2ecd4…
Nov 12, 2024 • 5 tweets • 2 min read
Donald Trump’s triumph is making Beijing nervous. And it’s not just his tariff threats that could cause more pain to an already-weak Chinese economy. Another, and potentially even bigger, fear is what some people call a “reverse Nixon.”
@Lingling_Wei wsjchina.cmail19.com/t/d-e-sluilhd-…
@Lingling_Wei Much like Richard Nixon sought China out to counter the Soviet Union during the Cold War, now the U.S. might seek to turn Moscow against Beijing. Xi is worried Trump could disrupt his “bromance” with Vladimir Putin, a partner in his standoff with the U.S. wsjchina.cmail19.com/t/d-e-sluilhd-…
Nov 9, 2024 • 10 tweets • 4 min read
After Trump’s Victory, One Company Prepares to Shift Production From China—Most of Breville’s products are manufactured around Shenzhen, a sprawling Chinese city on the border with Hong Kong
@dwinningWSJ wsj.com/economy/trade/… wsj.com/economy/trade/…
For Breville, the threat of new tariffs is a problem. The Australian company sells espresso machines, toasters, juicers and microwaves in more than 70 countries, including the U.S. Most of its products are manufactured in the area around Shenzhen. wsj.com/economy/trade/…
Oct 8, 2024 • 16 tweets • 6 min read
China’s Stock Market Fever Breaks as Authorities Disappoint—Expectations for a flood of stimulus had run high before a Tuesday morning press conference by Beijing’s economic planner
@RebeccaYFeng @wsj_douglasj wsj.com/finance/stocks… wsj.com/finance/stocks…
An epic Chinese stock market rally lost steam Tuesday after a press conference by the country’s economic planning agency disappointed hopes for more fiscal stimulus measures and raised questions about whether Beijing has more to offer the ailing economy. wsj.com/finance/stocks…
Oct 5, 2024 • 6 tweets • 3 min read
U.S. Wiretap Systems Targeted in China-Linked Hack—AT&T, Verizon are among broadband providers breached in China-linked ‘Salt Typhoon’ hack
@bysarahkrouse @dnvolz @aviswanatha @bobmcmillan wsj.com/tech/cybersecu… wsj.com/tech/cybersecu…
A cyberattack tied to the Chinese government penetrated the networks of a wide swath of U.S. broadband providers, potentially accessing information from systems the federal government uses for court-authorized network wiretapping requests. wsj.com/tech/cybersecu…
Sep 24, 2024 • 14 tweets • 5 min read
An economist at a top Chinese think tank was placed under investigation, detained and removed from his posts after he allegedly criticized Xi Jinping’s management of the economy in a private chat group.
@ByChunHan @Lingling_Wei
wsj.com/world/china/to… wsj.com/world/china/to…
The investigation of Zhu Hengpeng, who for the past decade was deputy director of the Institute of Economics at the state-run Chinese Academy of Social Sciences, comes amid efforts to suppress negative commentary about China’s economic health. wsj.com/world/china/to…
Sep 15, 2024 • 22 tweets • 8 min read
What Scared Ford’s CEO in China—Jim Farley is changing strategy to combat what he calls an ‘existential threat’ from China’s electric carmakers
@MikeColias wsj.com/business/autos… wsj.com/business/autos…
@MikeColias Jim Farley had just returned from China. What the Ford Motor CEO found during the May visit made him anxious: Chinese automakers were pulling away in the EV race. wsj.com/business/autos…
Jul 3, 2024 • 20 tweets • 8 min read
Beijing and Moscow Go From ‘No Limits’ Friendship to Frenemies in Russia’s Backyard—Central Asia moves further into China’s orbit as Ukraine war loosens Russia’s grip on former Soviet republics
@shashamimi
wsj.com/world/beijing-… wsj.com/world/beijing-…
@shashamimi When Vladimir Putin visited Tashkent on a recent tour of central Asia, Uzbek officials decorated the boulevards with posters of the Russian leader’s face. But beneath the posters were signs of Moscow’s dwindling heft: More BYDs and Geelys, fewer Ladas. wsj.com/world/beijing-…
Jun 25, 2024 • 9 tweets • 4 min read
Historic Moon Mission Gets China One Small Step Ahead in Space Race—Outlines of a lunar iron curtain are starting to emerge as the U.S. and China vie to build bases at the lunar south pole
@stuwoo @hwclarence @MicahMaidenberg
Taiwan Wants a Drone Army—but China Makes the Drones It Wants. Small, cheap drones are helping Ukraine hold off a better-equipped Russian army. For Taiwan, replicating that strategy risks relying on Chinese suppliers.
@joyuwang
wsj.com/world/taiwan-d… wsj.com/world/taiwan-d…
As drones transform warfare, Taiwan is accelerating efforts to build them. But it has a problem: The vast majority of the small, inexpensive drones that are having the greatest impact on battlefields are made in China, the very source of the threat. wsj.com/world/taiwan-d…
Jun 18, 2024 • 5 tweets • 2 min read
The Biden administration is hoisting barriers to Chinese clean-energy imports to protect domestic industries. The trade restrictions threaten another of Biden’s priorities: building out renewable-energy generation.
@Phred_Dvorak
wsj.com/economy/trade/… wsj.com/economy/trade/…
@Phred_Dvorak This month, the U.S. allowed duties aimed at China-based solar panel makers to take effect—after putting the measures on hold two years ago. In the next few weeks, the U.S. is expected to close a loophole that let companies bring in solar panels duty-free. wsj.com/economy/trade/…
Jun 13, 2024 • 13 tweets • 5 min read
Chinese electric-vehicle makers, increasingly a global force, have been bracing for months for the prospect of hefty tariffs in Europe, one of their most promising markets. When that day arrived, many were prepared.
@selina_cheng
wsj.com/business/autos… wsj.com/business/autos…
@selina_cheng Some have started building factories on the continent, while others have set up joint ventures with companies in the bloc. Still others are looking at exporting to Europe from third countries, while some are throwing in the towel on Europe altogether. wsj.com/business/autos…
May 16, 2024 • 48 tweets • 17 min read
Mystery in the Alps: A Chinese Family, a Swiss Inn and the World’s Most Expensive Weapon
Fantastic read by @drewhinshaw @JoeWSJ @lizalinwsj
wsj.com/world/asia/chi… wsj.com/world/asia/chi…
@drewhinshaw @JoeWSJ @lizalinwsj The Hotel Rössli, a century-old lodge in a remote Swiss valley, enjoys a spectacular view from its front, including the spot where Sherlock Holmes met his demise. But it is the view from the back that caught the attention of American intelligence agencies. wsj.com/world/asia/chi…
Apr 12, 2024 • 16 tweets • 6 min read
China’s push to replace foreign technology is now focused on cutting American chip makers out of the country’s telecoms systems.
@lizalinwsj @raffaelehuang @rachelliang5602
wsj.com/tech/china-tel… wsj.com/tech/china-tel…
@lizalinwsj @raffaelehuang @rachelliang5602 Officials this year directed China's largest telecom carriers to phase out foreign processors that are core to their networks by 2027, a move that would hit American chip giants Intel and Advanced Micro Devices, people familiar with the matter said. wsj.com/tech/china-tel…
