Category: China

Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit

The New York Times – Business:
The company blamed the profit decline on pandemic lockdowns and an increase in research and development to counter restrictions on access to U.S. technology.
New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The New York Times – Business:
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
The Undoing of Guo Wengui, Billionaire Partner to Trump Allies

The New York Times – Business:
He cultivated powerful allies and built an empire in China. Then, fleeing charges, he turned his charms on America. Now the law has caught up with him.
China’s Soccer Experiment Flopped. Now It May Be Over.

The New York Times – Sports:
China poured billions into its bid to become a player in the world’s most popular sport. A decade later, it has little to show for that investment.
Alibaba, China’s E-Commerce Giant, Will Split Into Six Units

The New York Times – Business:
The major restructuring, a possible precursor to future I.P.O.s, was announced after Jack Ma, its founder, returned to mainland China after a yearlong absence.
China’s Cities Are Buried in Debt, but They Keep Shoveling It On

The New York Times – Business:
China has long pursued growth by public spending, even after the payoff has faded. Cities stuck with the bill are still spending — and cutting essential services.
After Doling Out Huge Loans, China Is Now Bailing Out Countries

The New York Times – Business:
Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
Meet the Xi Jinping Loyalist Now Overseeing China’s Economy

The New York Times – Business:
He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.
The Lure of the ‘Made in America’ Sales Pitch

The New York Times – Business:
Geopolitics forced an entrepreneur, Taylor Shupe, to bring jobs back from China. It’s helping sell his meme-inspired socks too.
LG Will Spend $5.5 Billion on a Battery Factory in Arizona

The New York Times – Business:
Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.
TikTok’s C.E.O. Struggles to Make his Case in Washington

The New York Times – Business:
Lawmakers interrogated Shou Chew over the video app’s ties to the Chinese government in a hearing that suggests the company’s problems are far from over.
U.S. Due Diligence Firm Says China Detained Its Employees

The New York Times – Business:
Five Chinese nationals were taken away last Monday, and the company, which does corporate investigations, and its law firm have been unable to contact them.