Lingling Wei 魏玲灵
@Lingling_Wei
Mama. @WSJ Chief China Correspondent. Author of award-winning “WSJ CHINA”newsletter. Coauthor w/@bobdavis187 of “Superpower Showdown."
While Trump is waging a trade war, Xi is fighting a Cold War. His goal is “strategic stalemate”—an enduring equilibrium where US pressure becomes manageable&China buys time to catch up. It’s a strategy rooted in understanding of what the Soviets got wrong. wsj.com/world/china/ch…
President Xi Jinping’s desire for political control is hurting China’s economy far more than are Donald Trump’s tariffs. @WSJopinion wsj.com/opinion/china-…
The use of "exit bans" has become increasingly common in China. Often, people targeted don’t know that they are subject to such bans until they try to leave mainland China. @ByChunHan wsj.com/world/china/u-… via @WSJ
One reason tariffs haven't affected the stock market more is that they primarily affect the "old economy". GM has $187B in sales but a market cap of just $50B, while Nvidia has $135B in sales and a market cap of $4.1 trillion. GM is much more exposed to tariffs than Nvidia.
Breaking: General Motors' profit shrank 35% last quarter after taking a $1.1 billion tariff hit on.wsj.com/4eXz66U
Is it a trade war or a big deal? Six months into his second term, Trump’s China policy seems to be a bit of both—and neither. And while Washington dithers, China is playing hardball. A conversation with Stephen Biegun, @LizEconomy @bueti at @AspenSecurity wsjchina.cmail20.com/t/d-e-suhslt-d…
Art of the deal in two WSJ stories. ➡️ We unilaterally indicate we’ll remove export controls on the H20 so Beijing can dominate AI and seemingly ask for nothing in return. ➡️ On the very same day, Beijing slaps export controls on battery technology.
the TACO of all TACOs
Hard to overstate how bad Trump allowing NVIDIA to export H20s to China is for the continued existence of export controls in any form These are already 20% faster than H100s for inference and it's just open season on them for Chinese firms
中国奢侈品价格下降很多（首饰、包包等），总销售也应该是负增长，显示中产降级。
The latest retail numbers from China. So much for a shift toward consumption 👇
The latest retail numbers from China. So much for a shift toward consumption 👇
How China’s Military Is Flexing Its Power in the Pacific—The U.S. sounds the alarm and calls on allies to do more as Beijing’s forces venture further from its shores @austinramzy wsj.com/world/asia/how…
These career American diplomats served our country well, were non-partisan and did not deserve to be fired at the height of their careers. We’ll be weaker without them. Historic mistake.
HAPPENING NOW!! Moving scene - tears, hugs, and cheers - inside the State Dept HQ tonight, as diplomats gathered in the lobby to clap out their laid off colleague, some of which have served for decades 👇🏻
The Fault Lines in the Autocratic Axis: Russia, China, Iran and North Korea are all hostile to the U.S. That doesn’t mean they would go to war for one another—for now. @yarotrof wsj.com/world/the-faul…
33 consecutive months of producer deflation in China, confirmed by the government this morning The producer price index fell by its highest level in 2 years last month, down 3.6% vs June 2024 reuters.com/world/china/ch…
在某种程度上，北京方面正在奉行一种游击战，其灵感来自亨利·基辛格对非对称冲突性质的分析：“常规军队不赢就是输，游击队不输就是赢。” buff.ly/2e0WI6z
#华尔街日报中国洞察 马斯克曾对特斯拉上海工厂赞不绝口，他感叹：“中国就是未来。”如今，特斯拉正经历摩托罗拉、苹果早领教过的教训：中国产业链崛起，这里的未来，未必有你一席之地。buff.ly/SNWvEiy
I’ve Seen This Movie Before: From Matsushita to Tesla I can’t help but reminisce in response to what Lingling Wei has written in the Wall Street Journal about Tesla on its way out of China. I have personally witnessed this playbook replayed again and again over the past three…
For decades, American companies saw China as the ultimate prize. But fundamentally, they appear to have misunderstood the transaction. They thought they were hiring a contractor; Beijing knew it was running an apprenticeship. wsjchina.cmail20.com/t/d-e-surjhdy-…
What’s less clear, now that the US is this far down this road, is whether it’s too late to renegotiate, redirect, reformulate?
For decades, American companies saw China as the ultimate prize. But fundamentally, they appear to have misunderstood the transaction. They thought they were hiring a contractor; Beijing knew it was running an apprenticeship. wsjchina.cmail20.com/t/d-e-surjhdy-…
Well said, @Lingling_Wei ! "They thought they were hiring a contractor; Beijing knew it was running an apprenticeship."
For decades, American companies saw China as the ultimate prize. But fundamentally, they appear to have misunderstood the transaction. They thought they were hiring a contractor; Beijing knew it was running an apprenticeship. wsjchina.cmail20.com/t/d-e-surjhdy-…