How Chinese e-commerce companies like Pinduoduo pushing to lower prices are making China's deflation worse; HSBC says ~60% of Chinese consumers use e-commerce
New York Times : X: @michaelxpettis and @michaelxpettis X: Michael Pettis / @michaelxpettis : 2/2 Their activity forces a compression of business profits in favor of expanding real household income o...
Analysis: 126 companies have cancelled or suspended IPO applications on Shanghai's tech-focused Star Market in 2023, more than the previous four years combined
Policy reversal leads to record number of listing applications pulled this year from tech-focused Star Market X: @michaelxpettis , @raywangtaiwan , @michaelxpettis , @michaelxpettis , @tanarrowz , and...
An investigation details China's crackdown on its $47B chip self-sufficiency “Big Fund”, including 12+ executives investigated or disappeared in three months
Financial Times : Tweets: @simonbchen , @michaelxpettis , and @edwardwhitenz Tweets: Simon Boyi Chen / @simonbchen : Corruption is inevitable when doing big business (or running a military) in Red Ch...
Despite China's scrutiny of online credit, smaller services have spread; iResearch: the microlending penetration rate grew from 0.4% in 2014 to 69.2% in 2021
Yaling Jiang / South China Morning Post : Tweets: @chinabeigebook and @michaelxpettis Tweets: @chinabeigebook : “Buy now, pay later” has taken root amongst young Chinese...#China's underdeveloped ban...
Despite China's scrutiny of online credit, smaller services have proliferated in China, as the penetration rate of online microlending reached 69.2% in 2021
Trams and cast-iron postboxes speak to the history of the city, while delicacies such as fishballs and egg waffles are street food essentials … Tweets: @michaelxpettis Tweets: Michael Pettis / @michae...
Sources: Biden admin plans to allow a Trump-era rule in March enabling Commerce Dept. to ban tech business transactions with China it feels are security threats
John D. McKinnon / Wall Street Journal : Tweets: @michaelxpettis and @niubi Tweets: Michael Pettis / @michaelxpettis : A spokesperson for the Chinese Embassy said that “altering economic law with pol...