Table.Briefing: China

Funeral service for Jiang + Robotaxi from Geely and Waymo

  • Speech for Jiang: Xi emphasizes continuity
  • Geely and Waymo unveil electric van
  • Sinolytics.Radar: super-rich feel the pressure
  • Further relaxations in Beijing
  • Xi travels to Saudi Arabia
  • Hacker attack on Amnesty International
  • Heads: Paul Triolo – risk consultant
Dear reader,

Xi Jinping paid his respects to his late predecessor Jiang Zemin at the Great Hall of the People on Tuesday. “A great Marxist and leader” he had been, who maneuvered the country through times of “external pressures and internal difficulties,” Xi said in his speech. Xi even indirectly mentioned the 1989 Tiananmen protests, a taboo that is not often addressed publicly otherwise, as Frank Sieren reports from Beijing. He thus praised the suppression of the protests. That could be a nod to last week’s protesters that no one in the party would hesitate to take harsh measures.

In his speech, Xi emphasized the continuity of the great leaders and servants of the Chinese people, into whose traditions he modestly also put himself. Of course, he failed to mention that he has already given himself more power than his predecessors would have dared to by removing age and tenure limits.

Relations with the United States were much better in the Jiang era than they are today under Xi. But despite sanctions, threatening gestures and indications of a technological Cold War, Chinese and US companies continue to collaborate on key future technologies. The latest example is the cooperation between Chinese car company Geely and US firm Waymo, owned by Google parent Alphabet. The two companies jointly develop an autonomous EV. The car has now been presented in Los Angeles, as our author team in Beijing reports.

The unveiled van was designed exclusively for operation as an autonomous cab. Instead of a steering wheel, it has a sophisticated entertainment system. If the car becomes a success story outside China and the USA as planned, it could also weld the world’s two largest economies a bit closer together.

Your
Fabian Peltsch
Image of Fabian  Peltsch

Feature

Xi praises Jiang as economic reformer

Mourners during a minute’s silence on Tuesday in front of Jiang Zemin’s residence in his birthplace Yangzhou. The three minutes of silence declared during the funeral service were held throughout the country.

In the Great Hall of the People, where the Communist red usually dominates, everything was in black and white for yesterday’s funeral of former state and party leader Jiang Zemin. Men wore black suits, black ties and a white mourning flower in their buttonholes. Some came in Mao-style suits with stand-up collars. During the nationally decreed three-minute silence, Jiang’s widow Wang Yeping remained seated in her wheelchair in the front row. She appeared quite frail.

Former President Hu Jintao and former Premier Zhu Rongji – a popular economic reformer to this day and a trusted comrade of Jiang’s – did not attend for health reasons. The 94-year-old Zhu has not appeared in public for some time. Hu had at least been present at Jiang’s shorter, more private cremation ceremony (China.Table reported).

The memorial service for Jiang, who died of multiple organ failure in Shanghai last week at the age of 96, was the largest ceremony of its kind since the funeral of reformer Deng Xiaoping in 1997, when Jiang gave a 50-minute speech in front of 10,000 people at the Great Hall of the People to commemorate his predecessor. During this speech, he took off his famous glasses several times to wipe away tears.

1989: Jiang took a clear stand against unrest

In his speech, President Xi Jinping paid respect to thegreat Marxist and leader” Jiang Zemin, who steered the country through difficult times, upheld the rule of socialism and insisted on liberalization and economic reform. “He dedicated his whole life and energy to the Chinese people, dedicated his life to fighting for national independence, people’s liberation, national prosperity and people’s happiness,” Xi summed up Jiang’s political legacy. The president appeared more composed than Jiang at Deng’s funeral service.

However, he did not distance himself from Jiang, who is said to not have always seen eye to eye with Xi. On the contrary, Xi praised the achievements of his predecessor, even on sensitive issues the CP otherwise rarely mentions publicly. For example, the period surrounding the bloody crackdown on the 1989 protests in Beijing. “In the late 1980s and early 1990s, serious political storms occurred at home and abroad, and world socialism experienced severe complications. Some Western countries imposed so-called ‘sanctions’ on China,” Xi said. “In the late spring and early summer of 1989, a severe political disturbance took place in China. Comrade Jiang Zemin resolutely upheld and implemented the CPC Central Committee’s correct decision on taking a clear stand against the turmoil.”

Die KP-Spitze steht um den aufgebahrten Leichnam Jiang Zemins
Xi Jinping and other top officials on Monday at the funeral ceremony shortly before the cremation of Jiang Zemin’s body

Such hints were perhaps aimed at the protesters in China last week (China.Table reported). While the rallies in major Chinese cities were mainly about the strict zero-Covid restrictions, some – particularly in Shanghai – openly criticized the party and Xi.

Xi: Praise for Jiang’s contribution to the party’s modernization

But the president also praised Jiang for his party theories, especially the “Theory of Three Represents” (三个代表). One of the key achievements of this theory was that private entrepreneurs were allowed to join the CP. Among Jiang’s achievements were the modernization of the party and his vision to create a prosperous country, Xi said. Jiang also managed to have China become a member of the World Trade Organization (WHO). Xi also praised Jiang for the smooth return of the former British and Portuguese colonies, Hong Kong and Macau, and his efforts to counter forces that had tried to separate Taiwan from the Mainland.

Xi emphasized that Jiang had willingly stepped down as party general secretary in 2002 and as chairman of the Central Military Commission in 2004. He had actively supported the party’s Central Committee after his resignation, including Xi’s anti-corruption campaign.

Look to the future: ‘New chapter for socialism’

“Comrade Jiang Zemin has parted from us forever. But, his name and reputation, deeds of merit, thoughts and outstanding qualities will go down the annals of history and remain immortal in the hearts of the people from generation to generation,” Xi stressed. Elsewhere during his speech, Xi declaimed, “the whole Party, the entire military and the Chinese people of all ethnic groups are in profound grief for the loss of a great man in the passing of Comrade Jiang Zemin,” He urged China and the Communist Party to “carry forward Comrade Jiang Zemin’s legacy […] and write new chapters in the development of the cause of the Party and the country on the path of socialism with Chinese characteristics.”

Xi also looked to the future. “Common prosperity,” a term Jiang had already used in a similar form, was now a priority for the next chapter in the history of the CP. At the end, Xi led the funeral procession, as expected, to bow three times in honor of Jiang.

  • Chinese Communist Party
  • Civil Society
  • Jiang Zemin
  • Protests
  • Xi Jinping

Zeekr and Waymo robotaxi concept

The new Chinese-American SEA-M X Waymo concept car.

China and the USA currently vie for global dominance in key future technologies. Despite ongoing political tensions between Beijing and Washington, however, there are still some exciting collaborations between companies from both countries that could ultimately produce remarkable results.

A good example is the collaboration between the Chinese car company Geely and the US company Waymo. Waymo is an autonomous vehicle technology development company owned by Google parent Alphabet. The two companies teamed up in December 2021 to develop an autonomous electric cab. (China.Table reported) It has now been unveiled in Los Angeles.

One thing that immediately stands out is that the concept van built by Geely’s premium EV subsidiary Zeekr no longer has much in common with the autonomous cabs occasionally seen on the roads today. Waymo, too, has so far relied primarily on conventional vehicles from Chrysler or Jaguar for its test fleets, which have been retrofitted with the necessary autonomous driving technology. With Zeekr, however, the Americans have now taken a different approach. The presented van has been designed exclusively for operation as an autonomous cab. It does not even have a steering wheel.

Display instead of steering wheel

The absence of the steering wheel is the main difference from many existing robotaxi models. Instead, a large touch screen is mounted on the dashboard of the concept vehicle. The car is also relatively spacious, with room for five passengers. From the outside, the car looks more elegant than other self-driving cabs, as many of the sensors are integrated in the chassis. Although there is still a “knob” on the roof where cameras and other technological components are located. However, it is smaller than Waymo’s previous models. The Americans did not want to reveal much about the technical details yet. When the Zeekr cab might become part of the company’s own fleet also remained a secret for the time being.

Self-driving cabs will likely become more common on China’s roads.

Geely, on the other hand, provided more information. On the day of the presentation, the Chinese released several press releases to make it clear that the project is by no means just a manufacturing project for Waymo. Zeekr highlighted its new SEA-M platform, on which the van developed for Waymo is also based. Zeekr named Waymo its “first customer” for cars produced on this platform.

Geely has its own plans

But the company has bigger plans already: “Zeekr will continue to work with great global partners to support better and more sustainable intelligent mobility for all,” Zeekr CEO Andy said, according to the statement. Apparently, the Chinese hope to launch other autonomous vehicles based on their new platform. In another Chinese announcement, for example, Zeekr did not show the new Waymo cab first – but a vehicle concept it called the M-Vision. Waymo’s logo is absent from these images.

According to Zeekr, the M-Vision is designed for a service life of 500,000 kilometers and can drive for 16 hours a day without needing to be recharged. These are impressive figures, which could certainly help to attract other autonomous driving service providers as partners. Waymo is a good reference for this, however. Joern Petring

  • Autoindustrie

Sinolytics.Radar

China’s complicated relationship with its super-rich

Dieser Inhalt ist Lizenznehmern unserer Vollversion vorbehalten.
  • Since Alibaba’s founder, Jack Ma openly criticized China’s financial policy in October 2020, the relationship between China’s state leaders and the super-rich is complicated
  • Zero-Covid and the crackdown on internet companies wreaked havoc on China’s 100 richest: their wealth plunged by 39 percent in 2022​
  • Private entrepreneurs are also under considerable pressure from the concept of “common prosperity” meant to redistribute wealth more equally.
  • Unsurprisingly, e-commerce and social media entrepreneurs have been hit hardest, including Ma Huateng (Tencent), Jack Ma (Alibaba), Huang Zheng (also Colin Huang/Pinduoduo) and Wang Wei (SF Express).
  • Compared to their international peers, China’s richest are not so “rich” – there is no Chinese national in the global top 10 and only 5 in the top 50 (compared to 24 from the United States)​
  • Common prosperity will further unfold as there are discussions and pilots to introduce property and inheritance taxes​
  • However, as long as the economic situation remains difficult, the government will be cautious to drive forward tax reforms​
  • As long as China’s wealthy support the ideology of Xi Jinping’s “new era” they will still be allowed to grow and prosper
  • Some of China’s rich decided to leave the country due to these developments, about 10,000 or 1 percent of high-net-worth individuals left China in 2022​

Sinolytics is a European research-based consultancy entirely focused on China. It advises European companies on their strategic orientation and concrete business activities in the People’s Republic.

  • Society
  • Technology
  • Trade

News

Further relaxations in Beijing

The capital Beijing passed further relaxations of the Covid measures. Since yesterday, Tuesday, for example, Beijing’s two airports no longer require a negative PCR test for terminal access. However, there was initially no sign that the rule requiring a negative test to board a flight would be changed. From now on, Beijing citizens will also be allowed to enter office buildings, supermarkets and parks without a PCR test. “Beijing readies itself for life again,” wrote China Daily.

The measures are seen as a response to nationwide protests against zero-Covid. Today, Wednesday, China’s authorities could also announce to lift ten additional Covid restrictions for the country, Reuters reported, citing unnamed sources. Also, some observers expect an official downgrade of the danger level of COVID-19.

Only isolated protests have been reported in the country. On Tuesday night, for example, students at Nanjing University of Technology protested against the lockdown of their university. Videos on social networks verified by the AFP news agency show a crowd demanding to be allowed to leave the campus.

Analysts at the Japanese bank Nomura estimate in their China Lockdown Index that around 19.3 percent of China’s total gross domestic product is still affected by lockdowns. That would correspond to the size of India’s economy. Last Monday, 25.1 percent of economic output was still affected, according to Noruma. It is the first decline in the index since early October. Several economists already expect the current easing to improve the growth outlook.

Meanwhile, authorities continued their new strategy of downplaying the risks posed by the virus. But on the ground, many people are still cautious. Elderly people in particular are still afraid of catching the virus. Commuter traffic in major cities such as Beijing and Chongqing continues to be only a fraction of normal levels. rtr/ck

  • Coronavirus
  • Health
  • Society

Xi travels to Saudi Arabia

State and party leader Xi Jinping is expected to pay a three-day visit to Saudi Arabia on Wednesday. It will be Xi’s first trip to the world’s largest oil-exporting country since 2016. Xi will meet Crown Prince and de facto ruler Mohammed bin Salman – formally under King Salman. The goal of the visit is to expand economic ties and strengthen the “strategic partnership” between China and Saudi Arabia, according to Saudi Arabia’s SPA news agency. SPA expects dozens of agreements on energy and investment.

China buys about a quarter of Saudi Arabia’s crude oil, making it the kingdom’s largest customer. Conversely, Saudi Arabia is the People’s Republic’s largest oil supplier. In addition to energy policy, however, security issues for the region will also play a role during Xi’s visit, according to SPA. China considers Saudi Arabia its main ally in the Middle East, not least because of a shared distrust of perceived interference by the West, for example on human rights issues.

On Friday, Xi will also attend a summit of the six-nation Gulf Cooperation Council. He is also expected to hold talks with leaders from other countries in the region. The region increasingly looks eastward to drive domestic economic transformation for a post-oil era. rtr/ck

  • Energy
  • Geopolitics
  • Saudi Arabia
  • Xi Jinping

Cyberattack on Amnesty International Canada

Amnesty International’s Canadian office claimed to be the victim of a Chinese cyberattack. The hacker attack was first discovered on Oct. 5, Ketty Nivyabandi, Secretary General of Amnesty International Canada, said in a statement on Monday. According to the statement, the hackers attempted to steal contact lists and spy on the organization’s plans, among other things. Prominent Chinese activists were also the focus of the “sophisticated” cyberattack. Based on the technology used and the modus operandi, a group “sponsored by China” was presumably behind the attack, explained Secureworks, a US cybersecurity service provider. fpe

  • Amnesty International
  • Civil Society
  • Cybersecurity
  • Human Rights
  • Technology

Heads

Paul Triolo – risk consultant with a global focus

Paul Triolo is the Senior Vice President for China and Global Tech Policy Lead at consulting firm Albright Stonebridge Group (ASG).

If China experts are asked how they found their area of expertise, they often speak of experiences that almost have enlightenment qualities. This was also the case with Paul Triolo. For him, enlightenment came in the form of a newspaper report. In 1987, he read a New York Times story about the rise of China. At the time, Triolo, who holds a degree in electrical engineering, worked in the semiconductor industry in Silicon Valley, was a translator for Russian and had just started studying international relations.

Today, Paul Triolo holds the position of Senior Vice President and Global Tech Policy Lead at Albright Stonebridge Group (ASG), a political risk consulting firm. Triolo offers support on global business issues that may arise from geopolitical events and trends.

He can be contacted on issues ranging from data management and cybersecurity to industrial policy and supply chain security. His twenty-five years of experience as a US government analyst proves invaluable for his work. He writes weekly analyses for his clients and arranges meetings with government officials.

Who benefits from a technological Cold War?

With concern, Triolo observes the current development, which has been described as a technological Cold War between the United States and China. First, the framing as a whole bothers him, he says. For example, the increasingly popular and influential metaphor of an “arms race” in semiconductors, AI and quantum computing. It does not do justice to the complexity of the situation, he says. After all, modern technology development is a global endeavor, involving different players and regions in global value and supply chains. This makes it “very difficult to pry apart and separate out who is ‘winning’ in a particular sector.”

Triolo dates the start of the cold tech war to 2015 – namely the aftermath of an attempt by Tsinghua Unigroup, China’s state-owned semiconductor manufacturer, to acquire US-based Micron Technology for 23 billion dollars. Tsinghua withdrew when it became clear that the Committee on Foreign Investment in the US would carefully examine the deal.

This set in motion a spiral of protectionism that remains unchecked to this day. At its end, Triolo sees collateral damage looming for the US-China bilateral relationship, for stability in the Asia-Pacific region, and for global supply chains as a whole. With US efforts to restrict Chinese access to components, equipment, and technological advances, Washington could cross Beijing’s “unknown red lines”. “The overapplication of national security related restrictions could end up being a case of ‘shooting oneself in the foot’ in the name of what are unclear national security gains.”

Risks for Taiwan’s ‘silicon shield’

The battle for technological participation also raises concrete geopolitical risks. For example, Taiwan’s so-called “silicon shield” could be affected: The more dependent China is on Taiwan’s semiconductor industry, the less likely Beijing will forcibly reunite Taiwan, the theory goes.

However, the effects of US export control policies could undermine that shield, Triolo says: “Beijing has so far been very restrained in responding, but further efforts to restrict Chinese companies from using Taiwan, which China considers to be part of China, as a manufacturing base, are sure to generate a stronger response, pushing up against redlines that we do not understand.” Julius Schwarzwaelder

  • Geopolitics
  • Semiconductor
  • Taiwan
  • Technology
  • USA

Executive Moves

China’s State Council announced the appointment of several high-ranking officials on Monday. Wu Zhaohui, previously President of Zhejiang University, will become Vice Minister of Science and Technology, according to the statement. Liu Zheng was appointed Vice Minister of Civil Affairs, and Fu Xuyin Vice Minister of Transportation.

DBS Bank has appointed Wallace Lam as Managing Director and Head of the Institutional Banking Group for Hong Kong. Headquartered in Singapore, DBS Bank is Southeast Asia’s largest bank. Lam, who has been with DBS since 2021, will begin his new post on January 1, 2023.

Is something changing in your organization? Why not let us know at heads@table.media!

Dessert

It was no coincidence that Jiang Zemin was keen to visit Wolfsburg during his state visit to Germany in 2002. After all, he had already been to the VW city 24 years earlier, in November 1978, to be exact. At that time, Jiang was the Director of the Foreign Affairs Office of the First Ministry of Mechanical Engineering. He is therefore only in the background in the picture. He is the second man from the left in the Western suit; the gentleman in the Chinese jacket is the minister. This first visit was the beginning of a successful business relationship between China and VW – which continues to this day. Felix Lee

China.Table editorial office

CHINA.TABLE EDITORIAL OFFICE

Licenses:
    • Speech for Jiang: Xi emphasizes continuity
    • Geely and Waymo unveil electric van
    • Sinolytics.Radar: super-rich feel the pressure
    • Further relaxations in Beijing
    • Xi travels to Saudi Arabia
    • Hacker attack on Amnesty International
    • Heads: Paul Triolo – risk consultant
    Dear reader,

    Xi Jinping paid his respects to his late predecessor Jiang Zemin at the Great Hall of the People on Tuesday. “A great Marxist and leader” he had been, who maneuvered the country through times of “external pressures and internal difficulties,” Xi said in his speech. Xi even indirectly mentioned the 1989 Tiananmen protests, a taboo that is not often addressed publicly otherwise, as Frank Sieren reports from Beijing. He thus praised the suppression of the protests. That could be a nod to last week’s protesters that no one in the party would hesitate to take harsh measures.

    In his speech, Xi emphasized the continuity of the great leaders and servants of the Chinese people, into whose traditions he modestly also put himself. Of course, he failed to mention that he has already given himself more power than his predecessors would have dared to by removing age and tenure limits.

    Relations with the United States were much better in the Jiang era than they are today under Xi. But despite sanctions, threatening gestures and indications of a technological Cold War, Chinese and US companies continue to collaborate on key future technologies. The latest example is the cooperation between Chinese car company Geely and US firm Waymo, owned by Google parent Alphabet. The two companies jointly develop an autonomous EV. The car has now been presented in Los Angeles, as our author team in Beijing reports.

    The unveiled van was designed exclusively for operation as an autonomous cab. Instead of a steering wheel, it has a sophisticated entertainment system. If the car becomes a success story outside China and the USA as planned, it could also weld the world’s two largest economies a bit closer together.

    Your
    Fabian Peltsch
    Image of Fabian  Peltsch

    Feature

    Xi praises Jiang as economic reformer

    Mourners during a minute’s silence on Tuesday in front of Jiang Zemin’s residence in his birthplace Yangzhou. The three minutes of silence declared during the funeral service were held throughout the country.

    In the Great Hall of the People, where the Communist red usually dominates, everything was in black and white for yesterday’s funeral of former state and party leader Jiang Zemin. Men wore black suits, black ties and a white mourning flower in their buttonholes. Some came in Mao-style suits with stand-up collars. During the nationally decreed three-minute silence, Jiang’s widow Wang Yeping remained seated in her wheelchair in the front row. She appeared quite frail.

    Former President Hu Jintao and former Premier Zhu Rongji – a popular economic reformer to this day and a trusted comrade of Jiang’s – did not attend for health reasons. The 94-year-old Zhu has not appeared in public for some time. Hu had at least been present at Jiang’s shorter, more private cremation ceremony (China.Table reported).

    The memorial service for Jiang, who died of multiple organ failure in Shanghai last week at the age of 96, was the largest ceremony of its kind since the funeral of reformer Deng Xiaoping in 1997, when Jiang gave a 50-minute speech in front of 10,000 people at the Great Hall of the People to commemorate his predecessor. During this speech, he took off his famous glasses several times to wipe away tears.

    1989: Jiang took a clear stand against unrest

    In his speech, President Xi Jinping paid respect to thegreat Marxist and leader” Jiang Zemin, who steered the country through difficult times, upheld the rule of socialism and insisted on liberalization and economic reform. “He dedicated his whole life and energy to the Chinese people, dedicated his life to fighting for national independence, people’s liberation, national prosperity and people’s happiness,” Xi summed up Jiang’s political legacy. The president appeared more composed than Jiang at Deng’s funeral service.

    However, he did not distance himself from Jiang, who is said to not have always seen eye to eye with Xi. On the contrary, Xi praised the achievements of his predecessor, even on sensitive issues the CP otherwise rarely mentions publicly. For example, the period surrounding the bloody crackdown on the 1989 protests in Beijing. “In the late 1980s and early 1990s, serious political storms occurred at home and abroad, and world socialism experienced severe complications. Some Western countries imposed so-called ‘sanctions’ on China,” Xi said. “In the late spring and early summer of 1989, a severe political disturbance took place in China. Comrade Jiang Zemin resolutely upheld and implemented the CPC Central Committee’s correct decision on taking a clear stand against the turmoil.”

    Die KP-Spitze steht um den aufgebahrten Leichnam Jiang Zemins
    Xi Jinping and other top officials on Monday at the funeral ceremony shortly before the cremation of Jiang Zemin’s body

    Such hints were perhaps aimed at the protesters in China last week (China.Table reported). While the rallies in major Chinese cities were mainly about the strict zero-Covid restrictions, some – particularly in Shanghai – openly criticized the party and Xi.

    Xi: Praise for Jiang’s contribution to the party’s modernization

    But the president also praised Jiang for his party theories, especially the “Theory of Three Represents” (三个代表). One of the key achievements of this theory was that private entrepreneurs were allowed to join the CP. Among Jiang’s achievements were the modernization of the party and his vision to create a prosperous country, Xi said. Jiang also managed to have China become a member of the World Trade Organization (WHO). Xi also praised Jiang for the smooth return of the former British and Portuguese colonies, Hong Kong and Macau, and his efforts to counter forces that had tried to separate Taiwan from the Mainland.

    Xi emphasized that Jiang had willingly stepped down as party general secretary in 2002 and as chairman of the Central Military Commission in 2004. He had actively supported the party’s Central Committee after his resignation, including Xi’s anti-corruption campaign.

    Look to the future: ‘New chapter for socialism’

    “Comrade Jiang Zemin has parted from us forever. But, his name and reputation, deeds of merit, thoughts and outstanding qualities will go down the annals of history and remain immortal in the hearts of the people from generation to generation,” Xi stressed. Elsewhere during his speech, Xi declaimed, “the whole Party, the entire military and the Chinese people of all ethnic groups are in profound grief for the loss of a great man in the passing of Comrade Jiang Zemin,” He urged China and the Communist Party to “carry forward Comrade Jiang Zemin’s legacy […] and write new chapters in the development of the cause of the Party and the country on the path of socialism with Chinese characteristics.”

    Xi also looked to the future. “Common prosperity,” a term Jiang had already used in a similar form, was now a priority for the next chapter in the history of the CP. At the end, Xi led the funeral procession, as expected, to bow three times in honor of Jiang.

    • Chinese Communist Party
    • Civil Society
    • Jiang Zemin
    • Protests
    • Xi Jinping

    Zeekr and Waymo robotaxi concept

    The new Chinese-American SEA-M X Waymo concept car.

    China and the USA currently vie for global dominance in key future technologies. Despite ongoing political tensions between Beijing and Washington, however, there are still some exciting collaborations between companies from both countries that could ultimately produce remarkable results.

    A good example is the collaboration between the Chinese car company Geely and the US company Waymo. Waymo is an autonomous vehicle technology development company owned by Google parent Alphabet. The two companies teamed up in December 2021 to develop an autonomous electric cab. (China.Table reported) It has now been unveiled in Los Angeles.

    One thing that immediately stands out is that the concept van built by Geely’s premium EV subsidiary Zeekr no longer has much in common with the autonomous cabs occasionally seen on the roads today. Waymo, too, has so far relied primarily on conventional vehicles from Chrysler or Jaguar for its test fleets, which have been retrofitted with the necessary autonomous driving technology. With Zeekr, however, the Americans have now taken a different approach. The presented van has been designed exclusively for operation as an autonomous cab. It does not even have a steering wheel.

    Display instead of steering wheel

    The absence of the steering wheel is the main difference from many existing robotaxi models. Instead, a large touch screen is mounted on the dashboard of the concept vehicle. The car is also relatively spacious, with room for five passengers. From the outside, the car looks more elegant than other self-driving cabs, as many of the sensors are integrated in the chassis. Although there is still a “knob” on the roof where cameras and other technological components are located. However, it is smaller than Waymo’s previous models. The Americans did not want to reveal much about the technical details yet. When the Zeekr cab might become part of the company’s own fleet also remained a secret for the time being.

    Self-driving cabs will likely become more common on China’s roads.

    Geely, on the other hand, provided more information. On the day of the presentation, the Chinese released several press releases to make it clear that the project is by no means just a manufacturing project for Waymo. Zeekr highlighted its new SEA-M platform, on which the van developed for Waymo is also based. Zeekr named Waymo its “first customer” for cars produced on this platform.

    Geely has its own plans

    But the company has bigger plans already: “Zeekr will continue to work with great global partners to support better and more sustainable intelligent mobility for all,” Zeekr CEO Andy said, according to the statement. Apparently, the Chinese hope to launch other autonomous vehicles based on their new platform. In another Chinese announcement, for example, Zeekr did not show the new Waymo cab first – but a vehicle concept it called the M-Vision. Waymo’s logo is absent from these images.

    According to Zeekr, the M-Vision is designed for a service life of 500,000 kilometers and can drive for 16 hours a day without needing to be recharged. These are impressive figures, which could certainly help to attract other autonomous driving service providers as partners. Waymo is a good reference for this, however. Joern Petring

    • Autoindustrie

    Sinolytics.Radar

    China’s complicated relationship with its super-rich

    Dieser Inhalt ist Lizenznehmern unserer Vollversion vorbehalten.
    • Since Alibaba’s founder, Jack Ma openly criticized China’s financial policy in October 2020, the relationship between China’s state leaders and the super-rich is complicated
    • Zero-Covid and the crackdown on internet companies wreaked havoc on China’s 100 richest: their wealth plunged by 39 percent in 2022​
    • Private entrepreneurs are also under considerable pressure from the concept of “common prosperity” meant to redistribute wealth more equally.
    • Unsurprisingly, e-commerce and social media entrepreneurs have been hit hardest, including Ma Huateng (Tencent), Jack Ma (Alibaba), Huang Zheng (also Colin Huang/Pinduoduo) and Wang Wei (SF Express).
    • Compared to their international peers, China’s richest are not so “rich” – there is no Chinese national in the global top 10 and only 5 in the top 50 (compared to 24 from the United States)​
    • Common prosperity will further unfold as there are discussions and pilots to introduce property and inheritance taxes​
    • However, as long as the economic situation remains difficult, the government will be cautious to drive forward tax reforms​
    • As long as China’s wealthy support the ideology of Xi Jinping’s “new era” they will still be allowed to grow and prosper
    • Some of China’s rich decided to leave the country due to these developments, about 10,000 or 1 percent of high-net-worth individuals left China in 2022​

    Sinolytics is a European research-based consultancy entirely focused on China. It advises European companies on their strategic orientation and concrete business activities in the People’s Republic.

    • Society
    • Technology
    • Trade

    News

    Further relaxations in Beijing

    The capital Beijing passed further relaxations of the Covid measures. Since yesterday, Tuesday, for example, Beijing’s two airports no longer require a negative PCR test for terminal access. However, there was initially no sign that the rule requiring a negative test to board a flight would be changed. From now on, Beijing citizens will also be allowed to enter office buildings, supermarkets and parks without a PCR test. “Beijing readies itself for life again,” wrote China Daily.

    The measures are seen as a response to nationwide protests against zero-Covid. Today, Wednesday, China’s authorities could also announce to lift ten additional Covid restrictions for the country, Reuters reported, citing unnamed sources. Also, some observers expect an official downgrade of the danger level of COVID-19.

    Only isolated protests have been reported in the country. On Tuesday night, for example, students at Nanjing University of Technology protested against the lockdown of their university. Videos on social networks verified by the AFP news agency show a crowd demanding to be allowed to leave the campus.

    Analysts at the Japanese bank Nomura estimate in their China Lockdown Index that around 19.3 percent of China’s total gross domestic product is still affected by lockdowns. That would correspond to the size of India’s economy. Last Monday, 25.1 percent of economic output was still affected, according to Noruma. It is the first decline in the index since early October. Several economists already expect the current easing to improve the growth outlook.

    Meanwhile, authorities continued their new strategy of downplaying the risks posed by the virus. But on the ground, many people are still cautious. Elderly people in particular are still afraid of catching the virus. Commuter traffic in major cities such as Beijing and Chongqing continues to be only a fraction of normal levels. rtr/ck

    • Coronavirus
    • Health
    • Society

    Xi travels to Saudi Arabia

    State and party leader Xi Jinping is expected to pay a three-day visit to Saudi Arabia on Wednesday. It will be Xi’s first trip to the world’s largest oil-exporting country since 2016. Xi will meet Crown Prince and de facto ruler Mohammed bin Salman – formally under King Salman. The goal of the visit is to expand economic ties and strengthen the “strategic partnership” between China and Saudi Arabia, according to Saudi Arabia’s SPA news agency. SPA expects dozens of agreements on energy and investment.

    China buys about a quarter of Saudi Arabia’s crude oil, making it the kingdom’s largest customer. Conversely, Saudi Arabia is the People’s Republic’s largest oil supplier. In addition to energy policy, however, security issues for the region will also play a role during Xi’s visit, according to SPA. China considers Saudi Arabia its main ally in the Middle East, not least because of a shared distrust of perceived interference by the West, for example on human rights issues.

    On Friday, Xi will also attend a summit of the six-nation Gulf Cooperation Council. He is also expected to hold talks with leaders from other countries in the region. The region increasingly looks eastward to drive domestic economic transformation for a post-oil era. rtr/ck

    • Energy
    • Geopolitics
    • Saudi Arabia
    • Xi Jinping

    Cyberattack on Amnesty International Canada

    Amnesty International’s Canadian office claimed to be the victim of a Chinese cyberattack. The hacker attack was first discovered on Oct. 5, Ketty Nivyabandi, Secretary General of Amnesty International Canada, said in a statement on Monday. According to the statement, the hackers attempted to steal contact lists and spy on the organization’s plans, among other things. Prominent Chinese activists were also the focus of the “sophisticated” cyberattack. Based on the technology used and the modus operandi, a group “sponsored by China” was presumably behind the attack, explained Secureworks, a US cybersecurity service provider. fpe

    • Amnesty International
    • Civil Society
    • Cybersecurity
    • Human Rights
    • Technology

    Heads

    Paul Triolo – risk consultant with a global focus

    Paul Triolo is the Senior Vice President for China and Global Tech Policy Lead at consulting firm Albright Stonebridge Group (ASG).

    If China experts are asked how they found their area of expertise, they often speak of experiences that almost have enlightenment qualities. This was also the case with Paul Triolo. For him, enlightenment came in the form of a newspaper report. In 1987, he read a New York Times story about the rise of China. At the time, Triolo, who holds a degree in electrical engineering, worked in the semiconductor industry in Silicon Valley, was a translator for Russian and had just started studying international relations.

    Today, Paul Triolo holds the position of Senior Vice President and Global Tech Policy Lead at Albright Stonebridge Group (ASG), a political risk consulting firm. Triolo offers support on global business issues that may arise from geopolitical events and trends.

    He can be contacted on issues ranging from data management and cybersecurity to industrial policy and supply chain security. His twenty-five years of experience as a US government analyst proves invaluable for his work. He writes weekly analyses for his clients and arranges meetings with government officials.

    Who benefits from a technological Cold War?

    With concern, Triolo observes the current development, which has been described as a technological Cold War between the United States and China. First, the framing as a whole bothers him, he says. For example, the increasingly popular and influential metaphor of an “arms race” in semiconductors, AI and quantum computing. It does not do justice to the complexity of the situation, he says. After all, modern technology development is a global endeavor, involving different players and regions in global value and supply chains. This makes it “very difficult to pry apart and separate out who is ‘winning’ in a particular sector.”

    Triolo dates the start of the cold tech war to 2015 – namely the aftermath of an attempt by Tsinghua Unigroup, China’s state-owned semiconductor manufacturer, to acquire US-based Micron Technology for 23 billion dollars. Tsinghua withdrew when it became clear that the Committee on Foreign Investment in the US would carefully examine the deal.

    This set in motion a spiral of protectionism that remains unchecked to this day. At its end, Triolo sees collateral damage looming for the US-China bilateral relationship, for stability in the Asia-Pacific region, and for global supply chains as a whole. With US efforts to restrict Chinese access to components, equipment, and technological advances, Washington could cross Beijing’s “unknown red lines”. “The overapplication of national security related restrictions could end up being a case of ‘shooting oneself in the foot’ in the name of what are unclear national security gains.”

    Risks for Taiwan’s ‘silicon shield’

    The battle for technological participation also raises concrete geopolitical risks. For example, Taiwan’s so-called “silicon shield” could be affected: The more dependent China is on Taiwan’s semiconductor industry, the less likely Beijing will forcibly reunite Taiwan, the theory goes.

    However, the effects of US export control policies could undermine that shield, Triolo says: “Beijing has so far been very restrained in responding, but further efforts to restrict Chinese companies from using Taiwan, which China considers to be part of China, as a manufacturing base, are sure to generate a stronger response, pushing up against redlines that we do not understand.” Julius Schwarzwaelder

    • Geopolitics
    • Semiconductor
    • Taiwan
    • Technology
    • USA

    Executive Moves

    China’s State Council announced the appointment of several high-ranking officials on Monday. Wu Zhaohui, previously President of Zhejiang University, will become Vice Minister of Science and Technology, according to the statement. Liu Zheng was appointed Vice Minister of Civil Affairs, and Fu Xuyin Vice Minister of Transportation.

    DBS Bank has appointed Wallace Lam as Managing Director and Head of the Institutional Banking Group for Hong Kong. Headquartered in Singapore, DBS Bank is Southeast Asia’s largest bank. Lam, who has been with DBS since 2021, will begin his new post on January 1, 2023.

    Is something changing in your organization? Why not let us know at heads@table.media!

    Dessert

    It was no coincidence that Jiang Zemin was keen to visit Wolfsburg during his state visit to Germany in 2002. After all, he had already been to the VW city 24 years earlier, in November 1978, to be exact. At that time, Jiang was the Director of the Foreign Affairs Office of the First Ministry of Mechanical Engineering. He is therefore only in the background in the picture. He is the second man from the left in the Western suit; the gentleman in the Chinese jacket is the minister. This first visit was the beginning of a successful business relationship between China and VW – which continues to this day. Felix Lee

    China.Table editorial office

    CHINA.TABLE EDITORIAL OFFICE

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