Links for Wednesday, July 29, 2020

BUSINESS AND TECHNOLOGY:

• China makes plans for U.S. financial sanctions
  Chinese banks urged to switch away from SWIFT as U.S. sanctions loom / Reuters
• Tencent to buy 5% of Shanghai-listed office automation solutions provider
  Tencent to pick up stake in Shanghai-listed Weaver Network for $110 million / Caixin (paywall)
• Tesla making $$$ in China
  China now accounts for nearly one-quarter of Tesla revenue / TechCrunch
• Huawei has new competition in OpenRAN, which promises to unbundle 5G software and hardware
  Telecoms networks look to fix Huawei problem with open source software / FT (paywall)
• Hydrogen fuel-cell maker Ballard Power Systems makes a third of its revenues in China
  Fuel-cell firm stages comeback 20 years later with help of China / Bloomberg (porous paywall)
• “Megvii and SenseTime are raising money and winning overseas contracts”
  U.S. blacklisting fails to derail ambitions of Chinese AI start-ups / FT (paywall)
• “Inbound shipments of medical supplies are up. Way up.”
  The flood of medical supplies in U.S. ports / Bloomberg (porous paywall)
• By end of June, China had bought less than a quarter of phase one target
  China is buying American but not enough to hit trade deal target / Bloomberg (porous paywall)
• LVMH does well in post-coronavirus China, but can it last?
  China ‘revenge spending’ offsets plunge in luxury goods revenue / Caixin (paywall)
  China’s rebound lost momentum in july as consumers are wary / Bloomberg (porous paywall)
• Beijing restrains Chinese gold bugs
  China banks, regulators move to cool gold rush / Reuters

SCIENCE, HEALTH, AND THE ENVIRONMENT:

• A third day of most COVID cases since March
  China reports 101 new COVID-19 cases, the highest daily spike in months, as regions try to control outbreaks / SCMP
  “Most local infections on mainland China were in the far western region of Xinjiang, which had a spike of 89 cases.”
  Yesterday, per Reuters: China reports 68 new coronavirus cases, including two in Beijing.
  Two days ago, on The China Project: China reports 61 new COVID-19 cases, the most in a day since March 6.
• Yellow River clears up
  China’s Yellow River may be the clearest it’s been in 500 years, scientists say / SCMP
  Less rain, more farmland irrigation, and mass tree-planting campaigns have reduced runoff into the river in recent decades, scientists found.

POLITICS AND CURRENT AFFAIRS:

• India’s pushback on China
  India uses arrival of new fighter jets to warn China / AFP
  Meeting China’s intransigence with air power / The Hindu
  China acted like “bratty kid”: Indian tech moguls want tougher action / NDTV
• Was the Vatican hacked?
  The Vatican is said to be hacked from China before talks with Beijing / NYT (porous paywall)
  U.S. cybersecurity firm says Beijing-linked hackers hit the Vatican ahead of talks between China and the church / SCMP
• Xǔ Zhāngrùn 许章润 goes on the offense
  Chinese law professor hires legal team and human rights advocate to fight charge of soliciting prostitution / SCMP
  Earlier on The China Project: Beijing detains one of Xi Jinping’s most prominent critics.
• Maritime disputes
  As U.S. pledges help in South China Sea, Vietnam wary of antagonizing Beijing / SCMP
  Japan and China discuss lifting travel ban, Tokyo raises concerns about ‘incursions’ near disputed islands / SCMP

SOCIETY AND CULTURE:

• Hong Kong film director Xǔ Ānhuá 許鞍華 honored in Italy
  Ann Hui is first female director to receive Lifetime Achievement Award at Venice Film Festival / Radii China
• Reactions to Mexican food in China
  Chinese people try Mexican food for the first time / JeiBoys on YouTube
  The YouTuber writes, “Here is my aunt and uncle trying different kinds of Mexican food from a Mexican restaurant in Qingdao, China.”
• Students continue their international education from home
  In 2020, China’s top study abroad destination is: China / Sixth Tone
• Historical records of Chinese students in America
  Closed borders, open letters / Sixth Tone