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@ChinaBeigeBook
"Spurred by recent events, 100s of 1000s of 🇨🇳factories are re-focusing on the domestic mkt of 1.4B people. They're turning to cos like Alibaba, Pinduoduo & http://JD.com, w/yrs of observing consumer behavior, in what could be a long-term pivot"
https://www.bloomberg.com/news/articles/2020-09-24/alibaba-s-big-data-is-helping-china-s-exporters-pivot-to-china
"Defaults by Chinese firms on their USD debt have ⬆️signif this yr as #coronavirus, an oil slump & US-#China tensions have hurt biz & reduced their ability to repay...USD bond defaults by 🇨🇳firms have jumped 3x to $12B so far this yr, from $4B all of '19"
https://www.scmp.com/economy/china-economy/article/3102535/chinas-us-dollar-debt-defaults-climb-coronavirus-us-tensions
NEW: A judge has temporarily blocked an order from the Trump administration that would have banned TikTok from being downloaded from US app stores
https://www.cnbc.com/2020/09/28/tiktok-ban-judge-blocks-order-banning-downloads-from-us-app-stores-.html
About Cbb
We Guide Your China Strategy
China Beige Book provides institutional investors and corporate decision-makers with market leading insights derived directly from our nationwide proprietary data on the Chinese economy.
CBB IN THE News
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Not all of China is recovering from the economic hit from coronavirus at the same rateSeptember 24, 2020
Coronavirus latest: China’s vaccine capacity to reach 610m doses by year’s endSeptember 24, 2020
China’s economy undergoing ‘two very different recoveries’, study that counters official data saysSeptember 23, 2020
Trump’s TikTok deal would only make problems worseSeptember 23, 2020
China’s post-pandemic recovery has severe regional imbalancesSeptember 23, 2020
Trump approves TikTok deal with Oracle, WalMart
Leland Miller calls the new TikTok deal “icky” and thinks giving Oracle a stake in the business is a dicey proposition.