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Major Challenges for China’s Chemical Industry

Major Challenges for China’s Chemical Industry
Any review of China’s chemical industry in 2021 is dominated by the two big issues the industry had to wrestle with: climate neutrality and Corona. These are the same issues that will dominate the year 2022. The industry as a whole in the People’s Republic is facing enormous challenges and changes — while at the same time there are great growth opportunities for certain sectors. However, the ongoing global epidemic, including in China, continues to create uncertainty. &n ...

Systemic Rivals: America’s Emerging Grand Strategy toward China

Systemic Rivals: America’s Emerging Grand Strategy toward China
Under the Joe Biden administration, a new American grand strategy is coming into view. It is focused on the emergence of China as a peer competitor and organized for long-term strategic rivalry with Beijing to shape the rules, institutions, alliances, alignments and values that undergird world order in the 21st century. For three decades, the United States has watched the rise of China and debated its implications for American interests and the future of the US-led international order. Will C ...

Neighbors, Partners, Competitors: Drivers and Limitations of China-Russia Relations

Neighbors, Partners, Competitors: Drivers and Limitations of China-Russia Relations
Over the course of the last thirty years, China and Russia have demonstrated that their partnership is resilient and expanding. Any pragmatic leadership in the Kremlin—even a democratic one that seeks to improve ties with the West—will try to maintain stable and friendly relations with China, just as any pragmatic Chinese leadership will do with Russia.       “While not being a military and political alliance, such as those formed during t ...

Why the fallout from the Evergrande crisis is worrying.

Why the fallout from the Evergrande crisis is worrying.
The 2020-2022 Chinese property sector crisis is an current financial crisis sparked by the financial difficulties of Evergrande Group and other Chinese property developers, in the wake of new Chinese regulations on these companies' debt limits. Following widespread online sharing of a letter in August 2021, in which Evergrande supposedly warned the Guangdong government that it was at risk of experiencing a cash crunch, shares in the company plunged, impacting global markets and leading to ...

China’s New Regulatory Requirements for Imported Food Products

China’s New Regulatory Requirements for Imported Food Products
Makers of Irish whiskey, Belgian chocolate and European coffee brands are scrambling to comply with new Chinese food and beverage regulations, with many fearful their goods will be unable to enter the giant market as a Jan 1 deadline looms. On 12 April 2021, the General Administration of Customs of China (“GACC”) issued Order No. 248, which sets out new requirements for the registration of qualified foreign food producers that are allowed to export food products to China, effectiv ...

New Energy Storage 2021-2030

New Energy Storage 2021-2030
China aims to install more than 30 gigawatts (GW) of new energy storage capacity by 2025, and 100 GW finished by 2030 as part of efforts to boost renewable power consumption, with energy storage and electrochemical storage remaining critical for China’s energy transition and ensuring a stable electric grid system.   New energy storage refers to electricity storage processes that use electrochemical, compressed air, flywheel and super capacitor systems but not pumped hydro,  ...

EV upstart Xpeng is expanding beyond China

EV upstart Xpeng is expanding beyond China
Like Nio, Chinese electric car maker Xpeng has kickstarted its international expansion. But unlike its rival, which put on a series of splashy campaigns in Norway, Xpeng launched quietly in the Scandinavian country last month.   In Norway, Xpeng has begun shipping its G3 SUVs and P7 sedans. The Chinese EV startup aims to enter more European markets in 2022, a company spokesperson told TechCrunch.     Xpeng has stayed low-key with its overseas expansion  ...

JD Health, Digitalizing health care in China

JD Health, Digitalizing health care in China
JD.com is perhaps known best as the biggest online retailer in China, with an extensive logistics network that can reach all corners of China. But the tech giant is much more than that. The JD ecosystem contains JD Logistics, JD Technology (formerly JD Digits) and JD Health. The latter is now the largest retail pharmacy in China, sitting on more than 15% of the total market share and growing on average four times as fast as its competitors. JD Health provide round retail pharmacy services and ...

Making Sense of China’s Pledge to Stop Building Coal-Fired Power Plants Abroad

Making Sense of China’s Pledge to Stop Building Coal-Fired Power Plants Abroad
Speaking to the United Nations General Assembly on September 21, Chinese President Xi Jinping made what could become the most significant change to China’s Belt and Road Initiative (BRI) to date, pledging Beijing “will not build new coal-fired power projects abroad.” This announcement, depending on how it is interpreted and implemented, could mark a watershed moment in China’s overseas investment practices. While this is a welcome step, it is far more important for Chi ...

How Will China Deal With the Taliban in Afghanistan?

How Will China Deal With the Taliban in Afghanistan?
Even before the Taliban took control of Kabul, China started deepening diplomatic ties with the group, hosting a Taliban delegation in July. Since then, Chinese officials have said that Beijing respects Afghans’ right to decide their future, implying that the Taliban’s victory reflects the people’s will.     What kind of relationship will Beijing have with the Taliban? Beijing’s relationship with the Taliban will be twofold. First, it wil ...

Why China is attacking its own big tech sector

Why China is attacking its own big tech sector
The market capitalisations of several of China's major tech companies have taken a severe beating in the last few weeks.   On the face of it, it seems strange. A national government deliberately and effectively wiping billions of dollars of value from a group of companies that at one time had been grouped together under the banner of “national champions.” Big Tech in China has taken a pummelling on the markets in recent weeks, but not because trading condition ...

New rules have China private education firms in a fix.

New rules have China private education firms in a fix.
China’s private education companies had for years been the darlings of investors from New York to Shanghai, building a $100 billion industry on the promise of the world’s largest and arguably most-competitive schooling system. Then they got caught up in the Chinese government’s sweeping efforts to rein in the country’s technology giants, with a regulatory clampdown unveiled in July after months of rumbling that threatens to put an end to years of out-sized growth. The  ...

Evolving Relationships: China’s Growing Push into Central America

Evolving Relationships: China’s Growing Push into Central America
For nearly 60 years, the preeminent Asian power in Central America was not the People’s Republic of China, but Taiwan. Yet in rapid succession starting in 2017, Panama, the Dominican Republic and El Salvador surprised many by switching their diplomatic recognition to Beijing, joining Costa Rica, which had done so in 2007. While four Central American nations remain today within Taiwan’s shrinking circle of international supporters – Belize, Guatemala, Honduras and, curiously, ...

Didi raises $4 billion in US listing. Updated for data-security probe.

Didi raises $4 billion in US listing. Updated for data-security probe.
China's ride hailing company Didi Chuxing raised about $4 billion in its IPO on the New York Stock Exchange (NYSE), priced at the top range. Based on the listing, Didi's market valuation will hit a record $67 billion.  Under the IPO Didi issued 288 million American Depository Shares (AD), priced at $14 each, equivalent to 72 million shares of Class A common stock on the NYSE. It is the largest IPO by a Chinese firm in the US stock market since 2014 when Chi ...

China’s cryptocurrency crackdown

China’s cryptocurrency crackdown
Moves by the Chinese central bank and government officials to curtail the use of Bitcoin and other digital currencies stretches back almost to their inception. The last week has seen crypto markets battered by news that the Chinese government is firmly clamping down on digital currencies within its borders.   Multiple provinces, many of which host large crypto mining operations, have moved to ban or severely restrict the ability of the industry to operate in compliance with the m ...

China is leapfrogging the world when it comes to the environment.

China is leapfrogging the world when it comes to the environment.
Earlier this month, one of China's largest conglomerates held a conference in Beijing to address what the company plans to do in support of the government's environmental targets.   One by one, every one of the company's dozens of large subsidiaries, from its financial arms to its specialty steelmaking unit, announced ambitious goals.   Such events are now a feature of corporate life in China. Beijing's ambitious plans to move to peak carbon emissions ...

China’s Five Year Plan 2021-2025: towards carbon neutrality.

China’s Five Year Plan 2021-2025: towards carbon neutrality.
The Chinese government has unveiled the summary of the country’s five-year plan for 2021 to 2025, amid a heavy smog in Beijing. Among other things, the plan sets a target of “basically eliminating” heavy air pollution days by 2025.   As China is responsible for almost 30% of global energy sector CO2 emissions, and emissions have returned to growth in recent years, the new plan gives critical insight into how fast the country is planning to start limiting emissio ...

China’s 14th Five-Year Plan, full summary: a blueprint for growth

China’s 14th Five-Year Plan, full summary: a blueprint for growth
China’s annual National People’s Congress parliamentary session will take place in March to approve the country’s social and economic development plans for the period 2021-25. This 14th Five-Year Plan (Plan) will be released against a backdrop of a challenging domestic economy, an increasingly complex international environment, and China’s plans to play a bigger role in the global economy.   An outline of the Plan was released late last year,  ...

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