🔒 Major firms – including Deloitte and KPMG – turn to using burner phones while in Hong Kong
Amid Beijing’s increased control over Hong Kong, major firms, including Deloitte and KPMG, advise staff to use burner phones when visiting…
Amid Beijing’s increased control over Hong Kong, major firms, including Deloitte and KPMG, advise staff to use burner phones when visiting…
China has halted major investments into its chip industry due to its Covid comeback – straining its competitive sway and economy as a whole.
“The closer one looks at what is happening in China, the more distressing the picture. And yes, we need to pay attention,” writes Alec Hogg.
As Evergrande edges closer to a massive restructuring, Beijing has stepped up efforts to limit the fallout at the expense of bondholders.
With a communist autocrat in Beijing and softie lefties in Brussels, rational thinkers look to the US as a beacon to a sensible path to prosperity.
“Bulls like Ray Dalio and Howard Marks spar with more downbeat managers such as Kyle Bass,” writes The Financial Times.
“Actions against online groups raises doubts about investing in China as a whole,” writes Merryn Somerset Webb for the Financial Times.
“Shares in Tencent and Alibaba take another hit and fears mount of crackdown spreading to other sectors,” reports the Financial Times.
“The authorities are capable of turning their wrath on any company or sector that displeases them,” writes Brooke Masters of the Financial Times.
“Industry accused of peddling ‘spiritual opium’ as China escalates regulatory assault on tech,” writes the Financial Times.