Links for Friday, July 10, 2020

Notable China stories from around the web.

BUSINESS AND TECHNOLOGY:

Signs of Beijing’s unease over the rally’s speed emerged late Thursday, when a pair of government-owned funds announced plans to trim holdings of stocks that soared this week. On Friday the state-run China Economic Times warned about the dangers of a “crazy” bull market, while Caixin reported that regulators had asked mutual fund companies to cap the size of new products.

Amazon on Friday asked its employees to delete the Chinese-owned video app TikTok from their cellphones, putting the tech giant at the center of growing suspicion and paranoia about the app.

Almost five hours later, Amazon reversed course, saying the email to workers was sent in error.

During a Thursday panel discussion hosted by the Securities and Exchange Commission, the firms’ executives questioned a bill under consideration in Washington that could lead to Alibaba Group Holding Ltd., Baidu Inc. and other Chinese businesses getting kicked out of American stock markets. The intent of the legislation is to force China to comply with U.S. accounting rules. But among the concerns raised was that it might just prompt companies to relocate to markets with less regulatory oversight.

  • China starts taxing its citizens abroad
    China starts taxing its citizens for global income / Bloomberg (porous paywall)
    “China, which charges taxes of as high as 45%, revised its income tax rules January last year to help authorities start collecting money from its citizens worldwide — similar to what the U.S. does with Americans living abroad. But Beijing only disclosed detailed instructions this year on how to file such taxes, catching many expatriates flat-footed.”
  • America’s airlines extend their suspension on HK flights
    United, American extend suspension of Hong Kong flights / Bloomberg via Caixin (paywall)
    “United Airlines Inc. extended its suspension of flights to and from Hong Kong, citing new coronavirus testing protocols for crew arriving in the Asian financial hub, and American Airlines Group Inc. canceled plans to resume services from Dallas/Fort Worth.”
  • E-cigarette specialist lists in Hong Kong market
    Investors fire up Hong Kong IPO for e-cigarette specialist / Caixin (paywall)

SCIENCE, HEALTH, AND THE ENVIRONMENT:

  • WHO sets up coronavirus origin probe
    WHO advance team on way to China to set up probe into virus origin / Reuters
    “An advance team from the World Health Organization (WHO) has left for China to organise an investigation into the origins of the novel coronavirus which sparked the global pandemic, a spokeswoman said on Friday.”
  • Hong Kong re-initiates some lockdown measures
    Hong Kong to suspend all schools after virus cases spike / HKFP
    “The government has ordered all schools to close from Monday, bringing forward the start of the summer holidays, Kevin Yeung said, after the city recorded an “exponential growth” of locally transmitted cases in the past few days.”
  • Kazakhstan dismisses Chinese embassy’s pneumonia warning
    Kazakhstan denies Chinese reports of pneumonia deadlier than coronavirus / Reuters
    “Kazakhstan dismissed as incorrect on Friday a warning by China’s embassy for its citizens to guard against an outbreak of pneumonia in the central Asian nation that it described as being more lethal than the coronavirus.”
  • Two Chinese satellites lost in failed rocket launch
    First launch of Chinese Kuaizhou-11 rocket ends in failure / SpaceNews
    “Launch of a new Chinese Kuaizhou-11 commercial solid rocket ended in failure Friday resulting in the loss of two satellites.”
  • Reforming China’s pandemic response laws
    China mulls post-pandemic changes to decade-old emergency response law / Caixin (paywall)
    “China is moving to change its Emergency Response Law after experts questioned the legality of blanket lockdowns imposed earlier this year to control the spread of the coronavirus.”
  • China’s cancer screening system is lacking
    China’s cancer monitoring system missing 70% of population, study says / Sixth Tone
    A new paper from a British Medical Journal “found that as of last year, China had 574 local cancer registries covering 438 million people, or around 31% of the country’s total population. The proportion was significantly lower than the 96% coverage in the U.S. and nearly 100% coverage in the U.K., Australia, and South Korea, according to the authors.”
  • COVID found on food packaging
    Coronavirus found on frozen shrimp packaging but risk from food low, China says / SCMP
    “Chinese authorities found coronavirus on the packaging and in the container of imported frozen shrimps, but the food safety chief said on Friday the discovery did not mean the virus could be transmitted via food packaging.”

POLITICS AND CURRENT AFFAIRS:

SOCIETY AND CULTURE:

  • Censors want to erase Guizhou bus crash
    Bus plunges into reservoir, killing 21 / BBC
    Emily Feng 冯哲芸 on Twitter: “What a tragically Chinese story: Caixin finds the driver behind the wheel of a bus in Guizhou which seemingly intentionally veered off a bridge into a reservoir had his home forcefully demolished the morning of his death. Now 21 are dead, many students.”
    David Paulk on Twitter: “China’s censors apparently decided this news was unsuitable for public consumption. Cached version of deleted article here.”
  • Contemporary street art in Chengdu
    Between the sun and moon / NeoCha
    “Under the sweltering June sun, street artist Sheep Chen [Chén Yáng 陈暘] is atop a crane lift, putting the finishing touches on a five-story-tall mural. The piece — covering the side of an entire residential building — is bold and imposing, and against the weather-worn facades of the surrounding buildings, its colors seem even more vibrant.”
  • New Chinese web show wins nationwide acclaim
    ‘Cute but cruel’: The crime drama hailed a Chinese TV milestone / Guardian
    “Since its release in June, Hidden Corner, which follows those three children in the aftermath of witnessing a murder, has quickly become one of the country’s most discussed and watched shows — a tense crime drama, unexpectedly poignant in its exploration of childhood, family ties and the harsh realities of life for China’s more vulnerable.”
  • Making meaning from the pandemic
    Artistic distances: Giving form to grief in a pandemic / Sixth Tone
    “COVID-19 can’t reveal or crystallize some deeper meaning about the universe. But it also can’t stop us from making our own.”
  • Why is China still wearing Linkin Park tees?
    Linkin Park t-shirts are all the rage in China / Wired
  • Sister Gao’s Youtube recipes
    Sister Gao is YouTube’s breakout Chinese cookery star / Nikkei Asian Review
    Shen Lu, contributing writer for Nikkei Asian Review, writes of a Chinese food youtuber on Twitter: “小高姐’s Magic Ingredients is the kind of things I want to keep it to myself but also hope the entire world notices. For @NAR I wrote about the magic of the indisputable quarantine goddess of the Chinese diaspora, Sister Gao”