Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
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The Wall Street Journal
- China’s State Capitalism Collides With Its Technological Ambitions — Enduring power of China’s state-owned enterprises looks like a potential Achilles’ heel.
- NYSE to Delist China’s Major Telecom Operators — Move will result in China Mobile being kicked off the Big Board after more than two decades.
- Looming Delisting Jolts Chinese Telecom Stocks — China Mobile recorded its lowest closing price since June 2006.
- What the Delisting of Chinese ADRs Means for Investors — The New York Stock Exchange will start to delist American depositary receipts in China’s three big telecom operators.
- Covid-19 Shipping Problems Squeeze China’s Exporters — Surging demand in the West and port delays drive up costs for companies that have fueled the country’s economic recovery.
- Trump’s Trade War Will Be Left for Biden to Win — For all its contradictions, president’s trade battle with China could smooth way for incoming administration to do better.
- Marines Prepare for Rising Challenge From China’s Military With Island Training — Drilling in Japan, U.S. forces practice recapturing territory as Beijing develops into ‘near-peer’ rival.
- Beijing’s Ant-Eaters — By the Editorial Board. The ruling Party shows Jack Ma and investors who’s the real boss.
The Financial Times
- China Moves to Punish Lawyers Hired to Help Hong Kong Activists — Lu Siwei and Ren Quanniu were barred from aiding a group of pro-democracy protesters who were arrested at sea, but could still lose their licenses.
- Berlin takes a risky bet on Beijing — Relying on China to keep promises made in a trade or investment deal isn’t a guaranteed route to credibility.
- China telcos/NYSE: check list — Despite Beijing efforts to ease restrictions in local markets, local listings remain more complicated than listing in the US.
- Europe has handed China a strategic victory — This is the wrong time for the EU to agree an investment treaty with Beijing.
- Renminbi rallies past 6.5 per dollar for first time since 2018 — Chinese currency boosted by China’s economic recovery from Covid-19 after authorities successfully controlled the virus.
- China’s secret prisons in spotlight over Canadians held since 2018 — Use of foreigners as political tools increasing under Xi Jinping, say campaigners.
- China’s central bank faces tricky balance to support liquidity — Interbank lending rates pushed uncomfortably high in recent months.
- Chinese local government investment vehicles evade borrowing limits — Move raises fears of bad debt surge after recent wave of bond defaults at state-backed companies.
- NYSE begins delisting China’s three largest state-run telecoms groups — Exchange is dropping companies to comply with Trump administration executive order.
- China sees EU investment deal as diplomatic coup after US battles — Pact signed in waning days of Trump presidency and despite warnings from Biden team.
The New York Times
- With Concessions and Deals, China’s Leader Tries to Box Out Biden — Xi Jinping has been making trade agreements in Asia and now Europe, hoping to head off the incoming president’s efforts to rally a united front against China.
- New York Stock Exchange to Delist China Mobile, Among Others — The move follows an order from the Trump administration, which says the companies are tied to China’s military. But they don’t need Wall Street as much as they once did.
- Jobs, Houses and Cows: China’s Costly Drive to Erase Extreme Poverty — China has spent heavily to help its poorest citizens, an approach that few developing countries can afford and even Beijing may struggle to sustain.
- U.S. Companies Face China Tariffs as Exclusions Expire — Many American companies saw their exemptions from President Trump’s China tariffs expire at midnight on Thursday.
- Shirley Young, Businesswoman and Cultural Diplomat to China, Dies at 85 — Breaking barriers she rose in the advertising industry before General Motors took her onboard. She later used classical music to forge closer ties between Americans and the Chinese.
Caixin
- Chinese Credit Reporting Firm Punished for Operating Without a Proper License — Pengyuan Credit ordered to return ‘illegal gains’ and pay fines, marking the latest move to rein in personal credit reporting industry excesses.
- China’s Stock Exchanges Make It Easier to Boot Companies That Commit Fraud — Latest revision follows complaints that an earlier draft of the delisting rules left the threshold so high that none but the most flagrant violations would trigger it.
- Regulator Punishes Local Bank for Unfair Competition in Bond Underwriting — Shenzhen-listed Bank of Ningbo has been banned from the interbank bond business for two months for ‘disrupting market order’.
- Exclusive: Industrial Bank President Likely to Be Its Next Chairman — Tao Yiping is at the top of the list to lead the board of China’s seventh-largest lender by assets, sources say.
- No Growth in Residential Property Sales in 2021, Real Estate CEO Predicts — Financing restrictions may even see sales decline in coming years, E-House head says.
- China Telecom Majors Downplay Significance of Wall Street Delisting — Markets largely shrug off news as companies emphasize they only trade a small volume of shares in the U.S.
- Huawei-Tencent Showdown on Revenue Sharing Highlights Industry Divide — Even after Apple compromises, Huawei stands firm in showdown with Tencent over revenue sharing for mobile app distribution.
- Did Ericsson CEO Seek to Influence Sweden’s Decision Over Huawei Ban? — Did telecoms giant Ericsson put pressure on Swedish lawmakers to sway the decision over Huawei being excluded from the country’s 5G network? That is the latest allegation being reported by Bloomberg.
- How Will China and the Rest of World Address Climate Change in 2021? — At the start of 2021 people are already looking ahead to the U.N. Climate Conference of the Parties (COP26) in November in Glasgow. The meeting was postponed from 2020 because of the pandemic. Countries are expected to work out solutions for some of the unresolved issues left by the 2019 gathering, such as details on global carbon trade and capital commitments to support emission cuts.
- China Caps Bank Loans for Real Estate, Homebuyers to Curb Systemic Risk — Central bank and top banking regulator issue five-tiered system taking effect Jan. 1 in continuing effort to wring risk out of China’s financial system.
- China Fines Tencent and 3 Others $2.76 Million in Crackdown — Central bank targets 2 online platforms for payment lapses that may enable criminal activity and levies penalties against Agricultural Bank and China Development Bank.
- Bank of China May Have to Eat Most of Losses From Crude Futures Carnage — In model ruling, Nanjing court orders BOC to return 20% of investors’ principal and shoulder other losses related to $1.4 billion debacle.
- Five Things to Know About the New China-EU Investment Agreement — After 7 years of talks, sweeping accord promises to dramatically expand European investment in China and vice versa.
South China Morning Post
- China-EU investment pact is signed but not yet a done deal, analysts warn — A deal may have been struck but there are still big uncertainties ahead for China’s newly minted investment agreement with the European Union, from security reviews to power shifts in the EU, a prominent Chinese academic cautioned on Monday.
- China’s first Mars mission Tianwen-1 expected to reach red planet orbit next month — China’s first Mars mission, Tianwen-1, has now travelled more than 400 million km (249 million miles) and is expected to reach the red planet’s orbit in February.
- R&F pledges stakes with US$10 billion in assets under Guangzhou authority’s ward to avoid falling foul of ‘three red lines’ on debt — Shares of Guangzhou R&F Properties tumbled by more than 3 per cent after a report that the developer had pledged its stakes in three companies with US$10 billion in combined assets to a unit under the Guangzhou city authorities to meet government limits on debt exposure.
- Revitalising China’s rural regions is Xi Jinping’s next priority — China’s Central Rural Work Conference, an annual gathering for the nation’s leaders to discuss agriculture and areas where many of the country’s poorest residents live, has sent a consistent message over the last quarter century: Beijing values the importance of its vast countryside and the more than half a billion people who live there.
- Former head of China’s aircraft carrier programme expelled from Communist Party over corruption claims — The former head of China’s aircraft carrier programme has been expelled from the Communist Party and placed under formal investigation on suspicion of abusing his powers and taking bribes, according to the top anti-corruption watchdog.
- China-US trade war: Biden team to tackle EU differences and ‘then take on Beijing’ — The United States aims to end its trade war with European allies and work with them to deal with China’s trade practices, a key official in the upcoming administration of Joe Biden said after Beijing and Brussels signed a major investment deal.
- China makes debt rating agency pay for default, in a precedent for legal and financial service firms to be responsible for their work — A Chinese court ruled that a local ratings firm should help compensate some creditors for a construction firm’s 1.4 billion yuan (US$216 million) bond defaults three years ago, a first in the country as Beijing raises pressure on agencies to improve their due diligence.
- China-Australia relations: Penfolds wine weathered counterfeits and trademark disputes since 1995, but now faces toughest test yet in Chinese market — Chen Yafei, a manager of a specialty cheese retail store in Shanghai, has for years been drinking the popular Australian wine, Penfolds, and buying it as gifts for family and customers to pair with his dairy products, mainly because of its auspicious name.
- China factories cooled in December, as other Asian manufacturing powerhouses surged — China’s manufacturing engine cooled slightly in December, even as various survey data suggested industrial growth in other Asian powerhouse economies hit the highest levels for years.
- Hong Kong fourth wave: record fall in retail sales over first 11 months of 2020 as coronavirus hammers economy — Retail sales in Hong Kong plunged by a record 25 per cent during the first 11 months of last year as the coronavirus pandemic kept big-spending tourists away and local consumers tightened their purse strings.
- Convoy’s board swells to 16 directors as boardroom manoeuvres continue in shareholders’ jostle for control — Convoy Global Holdings ushered in the new year the same way it closed the old one, with yet another boardroom manoeuvre as two shareholders with razor thin difference in stakes between them jostled for control of one of Hong Kong’s largest financial service providers.
- China-EU investment deal: who’s the real winner after seven years of negotiations? — When Jose Manuel Barroso, former president of the European Commission, and Herman Van Rompuy, former European Council president, visited Beijing in November 2013, hopes were high that an investment treaty with China could be reached within 30 months.
- How coronavirus turned China’s economic expectations on their head — At the end of 2019, economic debate in China centred on whether the country should aim for 6 per cent growth the following year – a conversation that was rapidly turned on its head by the coronavirus.
- Huawei looks to cloud services in 2021 as US sanctions strangle smartphone business — With US sanctions putting a chokehold on Huawei Technologies Co’s 5G and smartphone businesses, company founder Ren Zhengfei said the Chinese tech giant must make cloud computing its priority.
- Court reprieve for China’s rare green peafowl but it’s not out of the woods yet — A court in southwestern China has upheld a landmark lower-court ruling to suspend work on a massive hydropower project that environmentalists say would push the endangered green peafowl to extinction.
- 2020 review: China’s economy endured a turbulent 12 months due to the impact of the coronavirus — China and the United States signed their long-awaited phase one trade deal in January, somewhat ending their 18 month trade war, but 2020 was dominated by the impact of the coronavirus.
- C919: what is China’s home-grown alternative to Airbus, Boeing duopoly, and why is it important? — What is the C919? The C919 is a narrow-body jet being built by the Commercial Aircraft Corporation of China (Comac), a state-owned company based in Shanghai, to compete with Boeing’s 737 and Airbus’ A320.
- China’s economy may expand by 9 per cent in 2021, helping to overtake US sooner — China’s economic growth could reach as high as 9 per cent next year, and its rapid rebound from the coronavirus pandemic may help the economy overtake the US to become the world’s largest later this decade, analysts said.
- Strong national growth should help lift Hong Kong out of recession this year, financial chief says — Beijing’s grand plan to stimulate domestic growth should help lift Hong Kong out of recession by the end of the year, the financial chief has predicted.
- How a controversial alliance and fresh fruits may be the answer to Hong Kong’s port regaining former glory — An alliance of players in Hong Kong’s port is eyeing refrigerated facilities as an edge over fierce competition from mainland China, with the group seeking to regain its lost crown as the world’s busiest shipping hub.
- MTR Corp in line for HK$370 million in compensation from government for suspension of cross-border link, says ex-rail boss — Hong Kong’s MTR Corporation could receive about HK$370 million (US$47.72 million) from the government in compensation for losses suffered through the nearly year-long suspension of its high-speed cross-border service due to the Covid-19 pandemic, a former rail boss said on Saturday.
- Tech to remain a tug-of-war between China and US in 2021 with Biden seen roping in allies to challenge Beijing on chips, apps, 5G and AI — If 2020 was tumultuous for China’s tech sector, 2021 could be revolutionary.
Bloomberg
- Applied Materials Lifts Bid for Kokusai Electric to $3.5 Billion — Applied Materials Inc., one of the largest makers of machines used to manufacture semiconductors, said it raised its offer for KKR & Co.-owned Kokusai Electric Corp. by 59%, citing higher valuations in a growing industry. It also extended the closing deadline by almost three months.
- Foxconn Seals Manufacturing Deal With Chinese EV Startup Byton — Apple Inc. supplier Foxconn Technology Group signed a strategic cooperation deal with embattled Chinese electric-vehicle startup Byton Ltd. in a transaction that could mark a large bet by the iPhone assembler on the car-making business.
- China Oil Majors May Be U.S. Target After Telcos Delisting — Chinese oil majors may be next in line for delisting in the U.S. after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest telecom companies.
- China Delistings Threaten $144 Billion U.S. Fundraising Boom — For more than two decades Chinese companies have turned to the U.S. stock market for capital and international prestige, raising at least $144 billion from some of the world’s largest investors.
- Divided U.S. Creates Risk for World Lacking Leadership: Eurasia — With the global economy still in the teeth of the Covid-19 crisis, the Eurasia group sees a divided U.S. as a key risk this year for a world lacking leadership.
- Hong Kong’s Retail Slump Began Easing Before New Virus Wave — Hong Kong’s retail environment showed further signs of improvement in November, although the recovery may have been short-lived as the city was hit with a fresh wave of virus infections and imposed new restrictions late in the month.
- Germany Leads European Manufacturing to Best Month Since 2018 — Euro-area manufacturing grew at the fastest pace in more than 2 1/2 years in December, bringing some positive news at the end of an horrific 2020 for the region’s economy.
- Banks, Developers Sink as China Caps Loans to Curb Risk — Shares of Chinese banks and developers tumbled on Monday after regulators made an unprecedented move to cap loans for the real estate sector, the latest effort to snuff out systemic risks.
- Jack Ma Skips Cherished TV Show After Beijing Tightens Screws — Billionaire Ant Group Co. co-founder Jack Ma skipped a recent taping of an African TV program he created, spurring speculation online about his whereabouts and the outcome of an investigation into his internet empire.
- Frigid Chinese Winter Sees Power Shortages, Diesel Use Spike — A frigid winter is leading to power shortages in parts of China, driving up demand for diesel as factories rush to install generators to keep the lights on.
- Trump’s Last Stand on Election Gives Pence a Final Loyalty Test — President Donald Trump will make his last stand to overturn his election loss on Wednesday when Vice President Mike Pence presides over a congressional session to ratify November’s results, an event that threatens to strain the relationship between the two men.
- China’s Three Big Telcos Slide on NYSE Move to Delist Shares — China’s state-owned telecommunications companies declined in Hong Kong after the New York Stock Exchange said it’s delisting them to comply with a U.S. executive order that sanctioned companies identified as affiliated with the Chinese military.
- European Union’s Investment Deal With China Sidelines the U.S. — In future, the European Union should coordinate its approach to China with the incoming U.S. administration.
- China Reaffirms Goal to Bolster Food Security as Imports Swell — China vowed to expand domestic crop production and strengthened its plan to ensuring grain and food security after imports surged to unprecedented levels.
- China Makes Rating Firm Pay for Debt Defaults for First Time — A Chinese court ruled that a local ratings firm should help compensate some creditors for a construction firm’s 1.4 billion yuan ($216 million) bond defaults three years ago, a first in the country as Beijing raises pressure on agencies to improve their due diligence.
- Thailand to Get Two Million Doses of Sinovac Shots as Cases Jump — Thailand will get its first lot of Covid-19 vaccines from China’s Sinovac Biotech Ltd. next month, allowing the country in the middle of a resurgence of the coronavirus outbreak to begin inoculating people with the highest risks for infections.
- China Might Be the New Movie Capital of the World — Chinese box office sales topped the U.S. last year for the first time. It won’t be the last.
- Comparing Putin’s Crackdown on Yukos to Xi’s Takedown of Ant — Moscow crushed its richest man and that proved a turning point in the country’s economic policy. Could Beijing’s crackdown on Jack Ma and Ant mark a similar shift?
- Iraq Picks Chinese Firm for $2 Billion Oil Prepayment Deal — Iraq has selected a Chinese company for a multibillion-dollar oil-supply deal, as the Arab nation seeks funds to bolster an economy reeling from the Coronavirus-triggered collapse in energy prices.
- NYSE to Delist Chinese Telco Giants on U.S. Executive Order — The New York Stock Exchange said it will delist three Chinese corporations to comply with a U.S. executive order that imposed restrictions on companies identified as affiliated with the Chinese military.
- China Starts 2021 With Record New Year’s Day Box-Office Takings — China’s box-office takings climbed to 545 million yuan ($83 million) on New Year’s Day, the highest for the day since records began in 2011, according to ticketing platform Maoyan Entertainment.
- Hong Kong in Talks to Use Vaccine Records for Travel, HKET Says — Hong Kong will complete an e-booking system for Covid-19 vaccine inoculations this month and is in talks with other countries to allow the records to be used for travel, local media including Hong Kong Economic Times reported.
- China Sees ‘New Window of Hope’ in Ties with U.S. in 2021 — China and the U.S. can open a “new window of hope” in bilateral ties in the new year, Foreign Minister Wang Yi said, urging Washington to resolve disputes through dialogue.
- Tesla Sets Price of China-Made Model Y SUV Below Competitors — Tesla Inc. will start deliveries of its China-made Model Y SUV this month to customers in the country, as it set the vehicle at a price below some of its rivals to maintain a competitive edge.
- Fosun Buys Chinese Baijiu Maker for $694 Million in Local Pivot — Fosun International Ltd. is acquiring a controlling stake in Sichuan Tuopai Shede Group Co., boosting its presence in the coveted baijiu liquor sector as the Chinese conglomerate led by billionaire Guo Guangchang pivots inward for growth.
Reuters
- Inovio partners with Advaccine to make and sell COVID-19 vaccine in China — China’s Advaccine Biopharmaceuticals Suzhou Co Ltd will manufacture and sell Inovio Pharmaceuticals Inc’s COVID-19 vaccine candidate in the country, the companies said on Monday.
- Jack Ma’s disappearing act fuels speculation about billionaire’s whereabouts — Alibaba founder Jack Ma’s absence from public view in the past two months, including missing the final episode of a TV show on which he was to appear as a judge, has fueled social media speculation over his whereabouts amid a Chinese regulatory clampdown on his sprawling business empire.
- FTSE Russell cuts further three China firms from indexes after U.S. blacklist — LONDON (Reuters) -FTSE Russell will delete a further three firms from its global equity indexes after guidance on an executive order by outgoing President Donald Trump barring U.S. investments in some Chinese companies, a hardening of his stance against Beijing
- China telco shares hit by NYSE delisting announcement — SHANGHAI (Reuters) -Shares in China’s three biggest telecoms companies fell as much as 5% in Hong Kong on Monday, the first trading session since the New York Stock Exchange (NYSE) said it would delist the firms in a move China branded unwise and oppressive.
- Pinduoduo faces labour probe after employee death: newspaper — Local government officials are reviewing working conditions at Chinese e-commerce group Pinduoduo, according to a state-owned newspaper, after the death of an employee caused an outcry on social media.
- China says opposes U.S. politicizing trade issues on U.S. delisting of Chinese telcos — China said on Monday it firmly opposes the United States government’s behaviour of politicizing trade issues after the New York Stock Exchange began delisting three Chinese telecom firms that Washington says have military ties.
- China’s XCMG says agreed with Tsingshan Group to invest in $843 million new energy project — Xuzhou Construction Machinery Group Co Ltd (XCMG) said it has agreed with Tsingshan Holding Group Co Ltd to invest in a 5.5 billion yuan ($843 million) new energy vehicle (NEV) project in the eastern Chinese city of Xuzhou.
- China’s Dec factory activity growth slows, higher costs hit firms — BEIJING (Reuters) -Activity in China’s factory sector rose in December as the world’s second-largest economy sustained its recovery to pre-pandemic levels, a business survey showed on Monday, however, increasing cost pressures slowed the pace of expansion.
- China senior diplomat says U.S. relations at ‘new crossroads’ — China’s relationship with the United States has reached a “new crossroads” and could get back on the right track following a period of “unprecedented difficulty”, senior diplomat Wang Yi said in official comments published on Saturday.
- ‘Cheap trick’: China rebuffs latest Taiwan offer of talks — China has rebuffed the latest offer of talks from Taiwan, saying the government was engaging in a “cheap trick” and provocation by seeking confrontation with China at every turn.
- NYSE starts process of delisting three Chinese telcom companies — The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Donald Trump last month barred U.S. investments in Chinese firms Washington says are owned or controlled by the military.
- Tencent games reinstated on Huawei app store — Tencent’s online games were removed and then reinstated on Huawei’s app store on Friday in a dispute over revenue sharing by the Chinese companies.
- In New Year’s speech, Taiwan president again reaches out to China — Taiwan is ready to have “meaningful” talks with China as equals as long as they are willing to put aside confrontation, President Tsai Ing-wen said on Friday, offering another olive branch to Beijing in her New Year’s speech.
- China December new home prices slow, private survey shows — Prices of new homes in China rose at a slower pace in December, with tightening policies continuing to cool the market, a private survey showed on Friday, but price growth in 2020 still topped the previous year’s pace despite the coronavirus pandemic.
Xinhua
- China moves to improve business environment by streamlining procedures — The State Council, China’s cabinet, has made arrangements to optimize the country’s business environment by streamlining administrative procedures and strengthening regulation.
- China to further optimize cross-border yuan policies — China will further optimize cross-border Renminbi (RMB) policies and stabilize foreign trade and investment, according to a circular posted on the website of the People’s Bank of China, the country’s central bank.
- Chinese stocks kick off 2021 on upbeat note — Chinese stocks kicked off the first trading day of 2021 on Monday on an upbeat note, with the benchmark Shanghai Composite Index up 0.86 percent at 3,502.96 points.
- China’s central bank drains liquidity from market — China’s central bank on Monday conducted 20 billion yuan (about 3.06 billion U.S. dollars) of reverse repos to maintain stable liquidity in the banking system.
- China’s logistics sector maintains expansion in December — China’s logistics sector sustained steady expansion in December, despite a slight slowdown from November, the China Federation of Logistics and Purchasing said Monday.
- Hong Kong’s total retail sales down 4 pct yoy in November 2020 — Hong Kong’s value of total retail sales in November 2020, provisionally estimated at 28.7 billion HK dollars (about 3.7 billion U.S. dollars), decreased by 4 percent compared with the same month in 2019, the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government announced on Monday.
- SF Airlines expands global air cargo network to 77 destinations — SF Airlines, China’s largest air cargo carrier, has expanded its global network to 77 destinations at home and abroad, according to the cargo airline.
- SAIC-GM-Wuling posts strong auto sales in 2020 — SAIC-GM-Wuling (SGMW), a major Chinese automobile manufacturer between SAIC Motor, General Motors and Liuzhou Wuling Motors, reported strong annual sales in 2020, the company said.
- China’s consumer market remains upbeat in New Year holiday — China’s consumer market remained buoyant during the three-day New Year holiday, with the average daily sales of key retail enterprises up 6.2 percent year on year, the Ministry of Commerce said Monday.
- China’s agricultural product wholesale prices edge up — The wholesale prices of China’s agricultural products edged up Monday, according to the Ministry of Agriculture and Rural Affairs.
- China-Europe freight trains via Xinjiang hit record high in 2020 — A record number of 9,679 inbound and outbound China-Europe freight trains passed through northwest China’s Xinjiang Uygur Autonomous Region in 2020, according to China Railway Urumqi Group Co. Ltd.
- China’s “dark horse” foreign trade to sustain momentum in 2021: Reuters — China’s foreign trade, with its “dark horse” performance in 2020 amid a pandemic-induced global recession, is expected to further stabilize in 2021, Reuters said in a recent analysis.
- China’s steel exports rise for third consecutive month in November — China’s steel firms registered a third consecutive monthly increase in exports in November, driven by rebounding demand in overseas markets, according to the Ministry of Industry and Information Technology.
- China’s cargo throughput posts stable growth in first 11 months of 2020 — Cargo throughput at China’s ports maintained stable growth in the first 11 months of 2020, rising 4.2 percent year on year to 13.25 billion tonnes, official data shows.
- China’s cross-border e-commerce transactions to top 3 trln USD in 2022 — China’s cross-border e-commerce transactions are estimated to reach 20.5 trillion yuan (about 3.15 trillion U.S. dollars) in 2022, according to a report.
- Ford to recall 1,339 imported SUVs from Chinese market — Ford Motor Company (China) will recall 1,339 Lincoln vehicles from the Chinese market, according to the country’s top quality watchdog.
Other Publications
- Nikkei Asian Review: Chinese bids on Pacific cable raise alarm in US and Australia — Washington fears infrastructure will be used for spying by Beijing.
- Nikkei Asian Review: Tencent and Mitsui to help Japan companies market in China — SMEs to sell goods losing sales from lack of Chinese inbound tourists on WeChat.
