Foreign companies share a number of concerns with local businesses about the preferential treatment given to state-owned enterprises Sources say firms are looking for local partners, but political sensitivities will shape their approach Source: https://www.scmp.com/news/china/diplomacy/article/3024148/european-firms-seek-chinese-private-sector-allies-push-reform
Author Archives: South China Morning Post
Versace in trouble for tops implying Hong Kong is not part of China, brand ambassador Yang Mi ‘outraged’
Fashion chain apologises and says it has destroyed clothing that suggested Hong Kong and Macau were separate countries Brand ambassador Yang Mi says she will end her association with the company as she was ‘extremely outraged’ by the design Source: https://www.scmp.com/economy/china-economy/article/3022328/versace-trouble-tops-imply-hong-kong-not-part-china
Lender’s remorse? China finds Africa projects require a growing wave of debt forgiveness
From Kenya to Ethiopia, Botswana to Cameroon, belt and road developments have seen write-offs of hundreds of millions of dollars African nations have problems making repayments, which report says raises ‘legitimate concerns about the sustainability of China’s outbound lending’ Source: https://www.scmp.com/news/china/diplomacy/article/3022301/lenders-remorse-china-finds-africa-projects-require-growing
China summons US envoy in protest over Washington’s condemnation of Hong Kong extradition bill
Source: https://www.scmp.com/news/china/diplomacy/article/3014573/china-summons-us-envoy-protest-over-hong-kong-extradition-bill