20 November 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:


President Trump and President Xi meet in BeijingWhile over 250 billion USD in trade deals were announced at this past week’s summit, most of the deals had previously been agreed upon and very little progress was made in the way of the North Korea problem.

  1. Trump's $250 Billion China Haul Features Little of Substance – Bloomberg
  2. Trump praises China and blames US for trade deficit – The Guardian
  3. Here are the 29 business leaders headed to China with Donald Trump – CNBC
  4. China's JD.com Commits to Buy $2 Billion U.S. Goods Amid Trump Visit – Bloomberg


Sector specific articles:


Agriculture: Russia Bets on Hungry China With $6 Billion Fertilizer Mines – Bloomberg

Film: Paramount’s $1bn financing deal with China’s Huahua scrapped – Financial Times

Finance: China to ‘Substantially' Ease Access to Financial Industry – Bloomberg

Finance: Shanghai Working on London Stock Connect – Caixin

Healthcare: Blackstone to Sell Stake in Chinese Medical Device Maker – WSJ

Internet: China’s Toutiao Tried to Buy Reddit – The Information

Internet: China's Tencent takes 12 percent stake in Snap as shares plunge – Reuters

Pharmaceuticals: German Plasma Firm’s Sale to China on Life Support Over U.S. Concerns – Caixin

Pharmaceuticals: Pfizer Sells Stake in China's Hisun, Ending Drugs Joint Venture – Bloomberg

Semiconductors: Bargaining chip? China seen closely scrutinizing Qualcomm, Broadcom deal – Reuters

Telecommunications: Xiaomi Calls on Western Europe With Launch in Spain – Caixin


China Calendar Fourth Quarter 2017

  • December– UK-China People to People Dialogue
  • December– UK-China Economic and Financial Dialogue
  • Mid-February 2018 -- CBI Annual Chinese New Year Dinner