China News - 30 November
International
India to add $5bn aircraft carrier to fleet to counter China. In recent years, the Indian Ocean has become increasingly militarised. This locally-made carrier can hold 28 fighter jets and choppers. Sudhi Ranjan Sen. Bloomberg, 28 November
Australian government gives approval for foreign interference charges against Alexander Csergo. The marketing executive has denied allegations that he sold information to foreign spies. The Guardian, 29 November
Sri Lanka reaches debt restructuring deal with creditor nations. According to a government source, Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached. Uditha Jayasinghe. Reuters, 29 November
Economy & Tech
EU tells China to stop cheating as wintry summit nears. Xi’s own family is directly involved in the drive to expand China’s EV industry, and will profit from government handouts. Michael Sheridan. CEPA, 27 November
Hong Kong stock market “task force” urges push to win Middle East IPOs. A task force set up by Hong Kong’s government has recommended outreach in south-east Asia as listings from China dry up. Hudson Lockett and Chan Ho-him. Financial Times, 29 November
Walmart shifts to India from China for cheaper imports. The world’s largest retailer shipped a quarter of its US imports from India between January and August this year, this will reduce their reliance on China. Richa Naidu and Siddharth Cavale. Reuters, 29 November
Gold bars and Tokyo apartments: How money is flowing out of China. After Covid 19, Chinese travellers are able to fly again to Tokyo, London and New York, buy apartments and pour money into foreign accounts that pay higher interest than in China. Keith Bradsher and Joy Dong. The New York Times, 28 November
Opinion & long-reads
The US retains the economic advantage in its rivalry with China. The US and its allies remain more united and economically powerful than Beijing’s group of malcontents. Martin Wolf. Financial Times, 29 November
An insider's guide to Hong Kong. Rents might be high, but so is the entrepreneurial spirit. Francesca Fearon. Financial Times, 29 November