Deadly serious Mar 8, 2019 (WiC 443)
“Is America so determined to contain China’s challenge and preserve its leadership in Asia that it is willing to fight a major war – quite possibly a nuclear war – to do so?”
Professor Hugh White of the Australian National University tells the South China Morning Post that if not, the US “will not win this new cold war”. White says China is the strongest adversary America has ever faced. The author of The China Choice (see WiC173), White says China wants to replace the US as East Asia’s “preponderant power”.
Chile warms up to China Mar 1, 2019 (WiC 442)
“Chinese investment is going to start growing strongly”
Cristian Rodriguez Chiffelle, a director with InvestChile, discusses with the Financial Times the arrival of 200 Chinese-made Yutong electric buses in Santiago – giving Chile’s capital the second largest fleet of electric buses in the world. Tianqi Lithium earlier purchased a 24% stake in SQM, a Chilean lithium miner for $4 billion – with Alibaba and State Grid also set to close Chilean deals this year.
More GM, please Feb 22, 2019 (WiC 441)
“China’s corn yield is over 40% below that of North America. If GM is approved for adoption, you will immediately get a step-change”
Syngenta CFO Mark Patrick tells the South China Morning Post that the “Chinese government is very carefully considering all the pros and cons of GM [genetically modified] crop technology” and that the Swiss-based firm has been helping to reinforce the benefits. The crop-protection and seed company was bought by Chinese state giant ChemChina 20 months ago for $43 billion and thus now counts as a local player. Patrick predicts a quadrupling of its China market share over five years.
Big investor Feb 8, 2019 (WiC 440)
“For Sequoia what matters is to be first and to be the most important investor. We never want to miss a trend”
Neil Shen, the boss of Sequoia China, discusses with the Financial Times how he has increased his firepower in the Chinese market through a new $8 billion global fund. Described by the FT as ‘China’s most successful venture capitalist’ Shen added: “Today you need bigger amounts to stay in the game. We worry that we have been too conservative.” Shen’s VC fund invested in 49 start-ups in 2018, ranking ahead of Tencent (30) and Alibaba (17) in Hurun’s league for start-up backers.