Asia government & economy correspondent for @Business || I write about China, geopolitics, finance and markets || Views mine.
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Apr 12 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Yellen Visit. US Treasury Secretary Yellen implored Beijing’s top leaders to fundamentally rethink their economic growth strategy during a trip to China. She threatened sanctions for Chinese banks that aid Russia's war in Ukraine. 2/10 bloomberg.com/news/articles/…
Mar 22 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Escalation. Developer Evergrande is alleged to have fabricated $78 billion in revenue in one of the biggest financial frauds in history. That may pave the way for more serious legal peril for founder Hui Ka Yan. 2/10 bloomberg.com/news/articles/…
Mar 15 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Pushback. Tiktok is planning for a legal fight if a push by US lawmakers to force a split from its Chinese parent company goes through. Beijing has warned the move would "backfire on America itself" and accused the US of "bullying." 2/10 bloomberg.com/news/articles/…
Mar 8 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Aiming High. China vowed to meet an ambitious goal of around 5% growth in 2024 at its annual parliamentary session. Premier Li acknowledged the challenges telling delegates support was needed on “all fronts.” 2/10 bloomberg.com/news/articles/…
Mar 1 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵 1/10
Disgruntled. President Xi’s move to shun the old playbook of unleashing big stimulus is spurring discontent as the economic slowdown hits household wealth. The nation’s most important annual political event kicks off in a few days. 2/10 bloomberg.com/news/features/…
Feb 23 • 11 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Homebuyers. China made its biggest-ever cut to a key mortgage reference rate. That allows more cities to lower borrowing costs and signals Beijing's urgent desire to boost demand — but wasn't enough for a turnaround. 2/10
All of this happened in China this week. A thread 🧵1/10
Stock Meltdown. Beijing snapped into crisis mode to arrest a $7 trillion selloff in stocks, including abruptly firing its markets chief. But President Xi can't rely on an old playbook to calm markets. 2/10
All of this happened in China this week. A thread 🧵1/10
Liquidation. A Hong Kong court ordered property giant Evergrande to liquidate. It'll be an uphill battle getting the order recognized in mainland China where most of its $242 billion assets are held. It may still end up denting homebuyer confidence. 2/10 bloomberg.com/news/articles/…
Jan 26 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Rescue Plan. Beijing is mulling a plan to mobilize about $280 billion dollars to help stabilize China's beaten down equity market after three years of losses. It doesn't necessarily change the outlook for the nation's slowing growth. 2/10 bloomberg.com/news/articles/…
Jan 19 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Outlook. China's growth disappointed investors after it released a batch of troubling data. A gauge of economy-wide prices showed the longest deflation streak since 1999. 2/10 bloomberg.com/news/articles/…
Jan 12 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
'No Mercy'. President Xi vowed "no mercy" as he promised to deepen his corruption crackdown. Industries including finance, energy, and pharma will face closer scrutiny and punishments for those offering bribes will be severe, he said. 2/10 bloomberg.com/news/articles/…
Jan 5 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Backpedal. Authorities want to tamp down the fallout of stringent new gaming rules that wiped out $80 billion in a stock rout. The regulator's top official was reportedly fired. Beijing vowed to review measures. 2/10 bloomberg.com/news/articles/…
Dec 22, 2023 • 12 tweets • 4 min read
10 things you missed in China this week. A thread 🧵 1/11
New Barriers. The US is weighing a hike on tariffs for China EVs and other goods. The White House may complete a review early next year. 2/11
All of this happened in China this week. A thread 🧵1/10
Boost. China pumped a record amount of cash into the economy handing commercial lenders $112 billion of one-year loans. Home buying curbs in Beijing and Shanghai were relaxed. Markets rallied. 2/10 bloomberg.com/news/articles/…
Dec 8, 2023 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Policy Boost. China's Politburo vowed to ramp up its fiscal strategy. Top leaders used stronger language to describe policy for next year signaling the need to boost domestic demand. Economists expect a more aggressive growth goal. 2/10 bloomberg.com/news/articles/…
Dec 1, 2023 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Competitive Edge. Huawei is funding optical specialists, chip equipment developers and chemical manufacturers without disclosing its role. A top Beijing official encouraged the firm to launch a new phone during US commerce chief Raimondo's visit there 2/10 bloomberg.com/news/articles/…
Nov 24, 2023 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Property Survivors? Beijing reaches its tolerance for pain in the property sector. Authorities drafted a list of 50 developers eligible for funding. That whitelist even includes developers like Country Garden that have already defaulted. 2/10 bloomberg.com/news/articles/…
Nov 17, 2023 • 11 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Making Progress. A big week for Xi. He and Biden agreed on efforts to combat fentanyl, restore high-level military talks and hold a dialogue about AI. Biden’s off-the-cuff remark calling Xi a "dictator" showed entrenched divisions that may upend ties. 2/10 bloomberg.com/news/articles/…
Nov 10, 2023 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Outflows. China is having a hard time wooing international investors back to the country. A measure of foreign direct investment showed an outflow of $11.8 billion in the third quarter, the first contraction since records began in 1998. 2/10 bloomberg.com/news/articles/…
Nov 3, 2023 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Public Grief. China cremated former Premier Li Keqiang in Beijing and flew national flags at half-staff. The 68-year old's sudden death of a heart attack sparked an outpouring of nostalgia. Some struggled to believe the reasons for his death. 2/10 bloomberg.com/news/articles/…
Oct 27, 2023 • 10 tweets • 4 min read
A big week for China. All of this happened. A thread 🧵1/10
Legacy. Former premier Li Keqiang died suddenly of a heart attack aged 68. Tributes flowed in for Li on the country’s tightly controlled internet. Sidelined by Xi, the former No. 2 earned a reputation as a man of the people and economic liberal. 2/10 bloomberg.com/news/articles/…
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