12 December 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 hosts the 4th annual World Internet Conference — In attendance at this year’s WIC, an annual event in Wuzhen, China meant to promote China’s version of the internet, were Tim Cook from Apple and Sundar Pinchai from Google.

  1. Xi Jinping renews ‘cyber sovereignty’ call at China’s top meeting of internet minds – SCMP
  2. SCIO briefing on 4th World Internet Conference – China.org.cn

ASEAN Update

Last month the UK-ASEAN Business Council produced a report on Transportation investment opportunities in Indonesia. The amount of investment required for the Indonesian transportation sector is projected to reach US$ 190 Billion. Find the full report here.

Sector specific articles:

Autos: Daimler rebuffs Geely offer to buy stake; Geely still hopeful of a deal – Reuters

Autos: GM venture to recall nearly a million vehicles in China: quality watchdog – Reuters

Pharma: China’s Drug Monopolies in Regulators’ Crosshairs – Sixth Tone

Tech/Advertising: Why Tencent Could Become an Advertising Powerhouse Like Facebook – Bloomberg

Tech: Lenovo Sells Off More Real Estate as Core Business Struggles – Caixin

Tourism: Ctrip launches new global brand Trip.com, removes all references to the site being China-owned – Shanghaiist

Transportation: China's Top Uber-for-Trucks Apps Agree on a Merger – Bloomberg

China Calendar Fourth Quarter 2017

  • December – UK-China People to People Dialogue
  • December – UK-China Economic and Financial Dialogue
  • January – A series of high level UK-China Ministerial level visits scheduled (Details to be confirmed soon)
  • February 22nd  -- CBI Annual Chinese New Year Dinner