30 October 2017

News, Update

CBI China Weekly Update

A weekly roundup of news from the CBI's China Office.

CBI China Weekly Update

Last week in China:

 

China’s 19th Party Congress commences: As expected, Chinese President XI Jinping was front and centre of the once-every-five-year leadership transition. Xi’s grasp of the government’s organs of power was on full display this week in Beijing.

  1. Senior CPC leaders urge implementation of Xi's thought – Xinhua
  2. With tears and song, China welcomes Xi as great, wise leader – Reuters
  3. Xi Jinping, China’s new revolutionary hero – Financial Times
  4. Xi’s Banner Marches Out Into the World – China Media Project
  5. CIA Director Says More Powerful Xi Could Be a Force for Good – Bloomberg


ASEAN Update:

As China’s burgeoning class of affluent travellers seek out more exotic destinations, Indonesia is cashing in. China is on track to become the biggest tourist market for Indonesia for the first time this year, overtaking Singapore. That’s after a 46 percent surge in visitors from the world’s second-largest economy to 1.4 million in the first eight months of the year. Read more here.

 

Sector specific articles:

 

Aerospace: Airbus Tie-Up With Bombardier Is Test for China's Ambitions – Bloomberg

Aerospace: Chinese-French satellite being finalized in Beijing for 2018 liftoff – China Daily

Auto: Tesla Picks Chinese Rubber Maker Haida to Supply Seal Components for Solar Roofs – Yi Cai Global

Auto: Volvo Unveils a Direct Challenge to Tesla – WSJ

Energy: China breaking all solar power records, aiming for 50GW in 2017 – Electrek

Energy: China Is About to Do for Global Gas Demand What It Did for Oil – Bloomberg

FinTech: Alipay Hitches Ride Into New York, Las Vegas – Caixin

Investment: Djibouti Re-Tendering Airport Contracts Given to Chinese Company -- Bloomberg

Retail: South Korean cosmetics firms glow after China currency deal – Financial Times

Trade: Cheaper visas are more important than lower tariffs for boosting Nigeria-China trade – Quartz

 

China Calendar Third Quarter 2017

  • 31st October – British Business Briefing
  • 2nd NovemberSterling Assets: China launch event
  • November/December TBD – UK-China Economic and Financial Dialogue
  • Mid-February 2018 -- CBI Annual Chinese New Year Dinner