All day, most days, Chinese dissident Lu Yuyu scours the internet for signs of group protests. Along with other activists and researchers, he's trying to beat the censors -- documenting and verifying cases of dissent before they're scrubbed. 2/11
Oct 4 • 11 tweets • 4 min read
China was on holiday this week. The news didn't stop. A thread 🧵1/10
Holiday Boost. The Golden Week holidays typically see a surge in Chinese travelers, making it a key indicator of consumer spending. Travel booking data shows more people headed to Europe and Asian destinations. 2/10 bloomberg.com/news/articles/…
Sep 13 • 10 tweets • 4 min read
Another big week for China. And there's more economic data coming. Here's the quick hit on deflation risks -- and everything else that happened. 1/10
Growth Goals? President Xi is calling for officials at every level to achieve the ~5% growth target. But he also appeared to subtly tone down his language, sparking speculation that Beijing could be lowering its expectations. 2/10 bloomberg.com/news/articles/…
Aug 2 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Warm Welcome. Xi embraced Giorgia Meloni even after Italy's exit from the Belt & Road Initiative. She steered clear of critical comments on her trip to Beijing and secured a sit down with Xi, a handful of deals and lots of praise from state media. 2/10 bloomberg.com/news/articles/…
Jul 12 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Off Balance. China’s trade surplus soared to an all-time high in June. A jump in exports overwhelmed an unexpected decline in imports. It's a boost for the economy but risks inflaming trade tensions over claims of dumping and overcapacity. 2/10 bloomberg.com/news/articles/…
Jun 14 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Tariffs Arrive. The European Union is imposing tariffs as high as 48% on electric vehicles shipped from China as trade tensions escalate. Some financial analysts noted the levies were largely in line with market expectations. 2/10 bloomberg.com/news/articles/…
Jun 7 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
bloomberg.com/news/newslette…
Clash. Beijing accused the European Union of working to “suppress” Chinese companies and vowed to safeguard its interests. Brussels officials reportedly warned they intent to impose tariffs on EV imports. 2/10 bloomberg.com/news/articles/…
May 31 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Property Aid. Three of China’s biggest cities rolled out major easing for homebuyers. Shanghai, Shenzhen and Guangzhou slashed down-payment requirements and allowed room for cheaper home loans to revive demand. 2/10 bloomberg.com/news/articles/…
May 24 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵 1/10
Off Button. Two giants of the semiconductor industry -- the Dutch firm ASML and Taiwan's TSMC -- both have ways to disable chipmaking machines if China invades Taiwan, according to people familiar with the matter. 2/10 bloomberg.com/news/articles/…
May 17 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Old Friends. President Xi Jinping welcomed Russian leader Vladimir Putin to China on a state visit. The two leaders vowed to deepen trade cooperation and fight US "containment." Putin is seeking support with his war in Ukraine now in its third year. 2/10 bloomberg.com/news/articles/…
May 10 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Europe Reset? President Xi Jinping urged French leader Emmanuel Macron to avoid a "new cold war" during his five-day trip to Europe. Xi dismissed concerns about overcapacity. The trip took a personal turn as he travelled to the Pyrenees with Macron. 2/10 bloomberg.com/news/articles/…
May 3 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Victories. Tesla's Elon Musk walked away from a visit to Beijing with big wins. After partnering with Baidu, the carmaker received tentative approval to deploy its driver-assistance system in China, according to a person familiar with the matter. 2/10 bloomberg.com/news/articles/…
Apr 26 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
TikTok Ban. President Biden has signed a bill forcing TikTok to divest from its Chinese owner in 270 days or face a ban in America. The firm has vowed to fight the sale. bloomberg.com/news/articles/…
Apr 19 • 10 tweets • 4 min read
All of this happened in China this week. A thread 🧵1/10
Lasting Support. China’s top diplomat told Iran that cooperation between the two nations will last after Tehran's launched a missile and drone attack on Israel. Foreign Minister Wang Yi also noted Iran was "exercising its right of self-defense." 2/10 bloomberg.com/news/articles/…
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
