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China’s most popular app is a propaganda tool teaching Xi Jinping Thought

A slick tool for teaching “Xi Jinping Thought” has become the most popular smartphone app in China, as the country’s ruling Communist Party launched a new campaign that calls on its cadres to immerse themselves in the political doctrine every day. Xuexi Qiangguo, which translates to “Study powerful country”, is now the most downloaded item on Apple’s domestic App Store, surpassing in demand social media apps such as WeChat and TikTok – known as Weixin and Douyin, respectively, in mainland China. Released by the party’s publicity department in January, Xuexi…

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China 

You thought 2018 was bad for China’s stock market? Profit warnings suggest worse may be yet to come

Last year was a dreadful one for mainland Chinese equities as a slowdown in economic growth and the trade war with the US combined to crush market sentiment. The bad news for investors is that the worst may be yet to come. Preliminary announcements showed that 390 companies listed on China’s bourses are set to report a combined loss to the tune of 330 billion yuan (US$49 billion) for 2018. That means the total loss for the country’s listed firms is on track to be three times greater than a…

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If you thought 2018 was bad, just wait till next year

I bumped into Santa in a local hostelry in Wyndham Street. Head in hands, looking morosely at his pint of Old C Y’s Finest Bitter, he was mumbling about what a bad year it has been.  Santa has a lot of time on his hands – most of the year in fact, and I often drop in to pick up ideas about markets. Of course, there was one thing on his mind… “Trump’s trade tariffs have been a nightmare,” he said. “Whenever I ship from China to the US, I…

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Singapore 

Singaporean woman, once thought missing, marries Romanian boyfriend, Singapore News

It was an online romance that took a dramatic turn with what seemed to be the mysterious disappearance of a Singaporean woman and her mother in Romania. But the story – which gripped the attention of many – has taken a heart-warming turn. In February 2016, Ms Cheryl Yap Lay Leng, 27, and her mother, Madam Foo Li Kheng, 63, were reported by her father to be missing for more than 10 days, which resulted in the Singapore Ministry of Foreign Affairs asking the Romanian authorities for help. Mr Yap, who…

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