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A ‘Masculinity Disaster’? China Says the Boys Are Not All Proper

HONG KONG – Government officials in China believe that boys want to get more feminine and make them tougher.

In a recent attempt to address what academics and news outlets call the “masculinity crisis”, the Ministry of Education has proposed emphasizing the “spirit of yang” or masculine attributes by recruiting more physical education teachers and redesigning physical education in elementary and secondary schools.

The plan, in response to a top official’s call to “prevent the feminization of male youth,” was released last week. It did not include a timeline and a few other details, but it caused an outcry online and still sparked heated debates on social media. A hashtag was displayed 1.5 billion times on Weibo, a popular microblogging platform.

Some social media users supported the proposal with a letter: “It is hard to imagine that such female boys could defend their country when an outside invasion threatens.” However, others saw evidence of sexual discrimination and the persistence of gender stereotypes.

Even state news media appeared to be questioning the ministry’s proposal. CCTV, the state broadcaster, wrote on its Weibo account on Saturday: “Education is not just about cultivating ‘men’ and ‘women’. It is more important to develop a willingness to take responsibility. “

The broadcaster also offered a loose rendition of yang, writing, “Men display ‘the spirit of yang’ in posture, mind and physique, which is a kind of beauty, but ‘the spirit of yang’ does not simply mean ‘masculine behavior’. ‘”

In recent years, as the country has sought to strengthen its military and expect spoiled children, mostly boys, born under its one-child policy, a stricter notion of masculinity has emerged. TV censors have blurred the pierced ears of male pop stars. Well-groomed actors have been publicly ridiculed as “little fresh meat”, and parents have enrolled boys in bootcamps in the hopes that they will become “real men.”

The Ministry of Education’s plan is in response to a proposal made in May by Si Zefu, a senior delegate to the Standing Committee of the Chinese People’s Political Consultative Conference. Referring to the “Proposal to Prevent Feminization of Male Adolescents”, Mr. Si said that “many, many more” men should be hired as physical education teachers to exercise “male influence” in schools.

In a statement, Mr. Si said the proliferation of female teachers in kindergartens and elementary schools and the popularity of “handsome boys” in pop culture made boys “weak, inferior and shy”. He also lamented that boys no longer wanted to become war heroes, warning that such a trend could endanger the Chinese people.

Last year, Xinhua, a state-run news agency, reported on the gender imbalance of physical education teachers and the difficulty of luring men into the low-paying profession that is currently dominated by women. In the past, the state news media have also blamed video games, masturbation and sedentary lifestyle as a result of many young men being unsuitable for the military.

Mark Ma, an 18-year-old high school student in Shenzhen, said he welcomed a revision of physical education but didn’t think it would have a big impact on masculinity shaping.

“Physical education at junior high definitely needs to be improved as a lot of people don’t care. They only care about academics, ”he said. “I remember a lot of classmates who sat on the sidelines during physical education class and did their homework.”

He added that he did not believe that “physical education teachers are very important in schools; These new guidelines and better benefits could attract more people to this area. “

Regarding the generation of the “spirit of yang” in boys, he said, “I think the main focus is on increasing physical strength, and what they mean by“ manhood ”is unclear.” He added, “I think , it is more important to get away from education and daily habits. Personally, I don’t think using this label is going to have much of an impact on physical education habits. “

While the Ministry of Education’s new plan did not specifically provide for different treatment of boys and girls, educators like Liu Wenli, a professor at Beijing Normal University and an expert in health and sex education, see some dangers. Ms. Liu said that even referring to the “feminization of youthful males” based on their gender expression, identity, or sexual orientation could lead to more student bullying.

“Educators cannot call for bullying prevention in schools while tending to school bullying soil,” she wrote of Weibo.

While some Chinese high schools segregate students based on physical ability and others allow them to choose their sport classes, most elementary school sport classes are mixed. But fitness classes are increasingly viewed by officials as a solution to the perceived problem of weak boys.

Chunxiao Li, a university researcher studying inclusive sports, said over the phone on Thursday that it was important to create an inclusive environment. “Excessive emphasis on masculinity, femininity or physical disabilities actually has a detrimental effect on the diversity and inclusiveness of society,” he said. “It can create a label or a stereotype.”

Dr. Li said physical education teachers should ultimately focus on developing a well-rounded student.

Elsie Chen contributed to the coverage.

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Business

Energy, Patriotism and 1.Four Billion Individuals:How China Beat the Virus and Roared Again

The Chinese Communist Party reached deep into private business and the broader population to drive a recovery, an authoritarian approach that has emboldened its top leader, Xi Jinping.

The order came on the night of Jan. 12, days after a new outbreak of the coronavirus flared in Hebei, a province bordering Beijing. The Chinese government’s plan was bold and blunt: it needed to erect entire towns of prefabricated housing to quarantine people, a project that would start the next morning.

Part of the job fell to Wei Ye, the owner of a construction company, which would build and install 1,300 structures on commandeered farmland.

Everything — the contract, the plans, the orders for materials — was “all fixed in a few hours,” Mr. Wei said, adding that he and his employees worked exhaustively to meet the tight deadline.

“There is pressure, for sure,” he said, but he was “very honored” to do his part.

In the year since the coronavirus began its march around the world, China has done what many other countries would not or could not do. With equal measures of coercion and persuasion, it has mobilized its vast Communist Party apparatus to reach deep into the private sector and the broader population, in what the country’s leader, Xi Jinping, has called a “people’s war” against the pandemic — and won.

China is now reaping long-lasting benefits that few expected when the virus first emerged in the central Chinese city of Wuhan and the leadership seemed as rattled as at any moment since the Tiananmen Square crackdown in 1989.

The success has positioned China well, economically and diplomatically, to push back against the United States and others worried about its seemingly inexorable rise. It has also emboldened Mr. Xi, who has offered China’s experience as a model for others to follow.

While officials in Wuhan initially dithered and obfuscated for fear of political reprisals, the authorities now leap into action at any sign of new infections, if at times with excessive zeal. In Hebei this January, the authorities deployed their well-honed strategy to test millions and isolate entire communities — all with the goal of getting cases, officially only dozens a day in a population of 1.4 billion, back to zero.

The government has poured money into infrastructure projects, its playbook for years, while extending loans and tax relief to support business and avoid pandemic-related layoffs. China, which sputtered at the beginning of last year, is the only major economy that has returned to steady growth.

When it came to developing vaccines, the government offered land, loans and subsidies for new factories to make them, along with fast-tracking approvals. Two Chinese vaccines are in mass production; more are on the way. While the vaccines have shown weaker efficacy rates than those of Western rivals, 24 countries have already signed up for them since the pharmaceutical companies have, at Beijing’s urging, promised to deliver them more quickly.

Other nations, like New Zealand and South Korea, have done well containing the virus without heavy-handed measures that would be politically unacceptable in a democratic system. To China’s leaders, those countries do not compare.

Beijing’s successes in each dimension of the pandemic — medical, diplomatic and economic — have reinforced its conviction that an authoritarian capacity to quickly mobilize people and resources gave China a decisive edge that other major powers like the United States lacked. It is an approach that emphasizes a relentless drive for results and relies on an acquiescent public.

The Communist Party, in this view, must control not only the government and state-owned enterprises, but also private businesses and personal lives, prioritizing the collective good over individual interests.

“They were able to pull together all of the resources of the one-party state,” said Carl Minzner, a professor of Chinese law and politics at Fordham University. “This of course includes both the coercive tools — severe, mandatory mobility restrictions for millions of people — but also highly effective bureaucratic tools that are maybe unique to China.”

In so doing, the Chinese Communist authorities suppressed speech, policed and purged dissenting views and suffocated any notion of individual freedom or mobility — actions that are repugnant and unacceptable in any democratic society.

Among the Communist Party leaders, a sense of vindication is palpable. In the final days of 2020, the seven members of the Politburo Standing Committee, the country’s top political body, gathered in Beijing for the equivalent of an annual performance review, where in theory they can air criticisms of themselves and their colleagues.

Far from even hinting at any shortcomings — the rising global distrust toward China, for example — they exalted the party leadership.

“The present-day world is undergoing a great transformation of the kind not seen for a century,” Mr. Xi told officials at another meeting in January, “but time and momentum are on our side.”

In recent weeks, as new cases kept emerging, the government’s cabinet, the State Council, issued a sweeping new directive. “There cannot be a shred of neglect about the risk of resurgence,” it said.

The dictates reflected the micromanaged nature of China’s political system, where the top leaders have levers to reach down from the corridors of central power to every street and even apartment building.

The State Council ordered provinces and cities to set up 24-hour command centers with officials in charge held responsible for their performance. It called for opening enough quarantine centers not just to house people within 12 hours of a positive test, but also to strictly isolate hundreds of close contacts for each positive case.

Cities with up to five million people should create the capacity to administer a nucleic test to every resident within two days. Cities with more than five million could take three to five days.

The key to this mobilization lies in the party’s ability to tap its vast network of officials, which is woven into every department and agency in every region.

The government can easily redeploy “volunteers” to new hot spots, including more than 4,000 medical workers sent to Hebei after the new outbreak in January. “A Communist Party member goes to the frontline of the people,” said Bai Yan, a 20-year-old university student, who has ambitions to join the party.

Zhou Xiaosen, a party member in a village outside of Shijiazhuang, a city of 11 million people that was among those locked down, said that those deputized could help police violations, but also assist those in need. “If they need to go out to buy medicine or vegetables, we’ll do it for them,” he said.

The government appeals to material interests, as well as to a sense of patriotism, duty and self-sacrifice.

The China Railway 14th Bureau Group, a state-owned contractor helping build the quarantine center near Shijiazhuang, drafted a public vow that its workers would spare no effort. “Don’t haggle over pay, don’t fuss about conditions, don’t fall short even if it’s life or death,” the group said in a letter, signed with red thumb prints of employees.

Updated 

Feb. 5, 2021, 2:21 a.m. ET

The network also operates in part through fear. More than 5,000 local party and government officials have been ousted in the last year for failures to contain the coronavirus on their watch. There is little incentive for moderation.

Residents of the northeastern Chinese city of Tonghua recently complained after officials abruptly imposed a lockdown without enough preparations for supplying food and other needs. When a villager near Shijiazhuang tried to escape quarantine to buy a pack of cigarettes, a zealous party chief ordered him tied to a tree.

“Many measures seemed over the top, but as far as they’re concerned it was necessary to go over the top,” said Chen Min, a writer and former Chinese newspaper editor who was in Wuhan throughout its lockdown. “If you didn’t, it wouldn’t produce results.”

The anger has faded over the government’s inaction and duplicity early in the crisis, the consequence of a system that suppresses bad news and criticism. China’s success has largely drowned out dissent from those who would question the party’s central control. The authorities have also reshaped the public narrative by warning and even imprisoning activists who challenged its triumphant version of events.

In the beginning, the pandemic seemed to expose “the fundamental pathologies of Xi-style governance,” said Jude Blanchette, a researcher at the Center for Strategic and International Studies in Washington.

“In fact, with time and hindsight, we see that the system performed in large part as Xi Jinping was hoping it would do,” he added.

The measures in Hebei worked quickly. At the start of February, the province recorded its first day in a month without a new coronavirus infection.

In many countries, debates have raged over the balance between protecting public health and keeping the economy running. In China, there is little debate. It did both.

Even in Wuhan last year, where the authorities shuttered virtually everything for 76 days, they allowed major industries to continue operating, including steel plants and semiconductor factories. They have replicated that strategy when smaller outbreaks have occurred, going to extraordinary lengths to help businesses in ways large and small.

China’s experience has underscored the advice that many experts have suggested but few countries have followed: The more quickly you bring the pandemic under control, the more quickly the economy can recover.

While the economic pain was severe early in the crisis, most businesses closed for only a couple of weeks, if at all. Few contracts were canceled. Few workers were laid off, in part because the government strongly discouraged companies from doing so and offered loans and tax relief to help.

“We coordinated progress in pandemic control and economic and social development, giving urgency to restoring life and production,” Mr. Xi said last year.

Zhejiang Huayuan Automotive Parts Company missed only 17 days of production. With the help of regional authorities, the company hired buses to bring back workers, who had scattered for the Lunar New Year holiday and could not return easily since much of the country was locked down at the beginning. Government passes allowed the buses through checkpoints restricting travel.

Workers were only allowed to go back and forth between the factory and dormitories, their temperatures checked frequently. BYD, a large customer, started manufacturing face masks and shipped supplies to Huayuan.

Soon, the company had more orders than it could handle.

An ambulance manufacturer in Anhui Province increased production immediately, buying screws, bolts and other fasteners that Huayuan produces. Then Chinese automakers started needing them as the virus spread and overseas suppliers shut down.

“We just said no to clients who only wanted standard parts — we wanted to sell more specialized parts, with higher profit,” said Chen Xiying, the company’s deputy general manager. “Clients who were slow to pay we rejected outright.”

Like China itself, Huayuan rebounded quickly. By April, it had ordered nearly $10 million of new equipment to start a second, highly automated production line. It plans to add 47 technicians to its work force of 340.

Before the pandemic, multinationals were looking beyond China for their operations, in part prodded by the Trump administration’s trade war with Beijing. The virus itself added to fears about dependence on Chinese supply chains.

The pandemic, though, only reinforced China’s dominance, as the rest of the world struggled to remain open for business.

Last year, China unexpectedly surpassed the United States as a destination for foreign direct investment for the first time, according to the United Nations Conference on Trade and Development. Worldwide, investments plummeted 42 percent, while in China they grew by 4 percent.

“Despite the human cost and disruption, the pandemic in economic terms was a blessing in disguise for China,” said Zhu Ning, deputy dean of the Shanghai Advanced Institute of Finance.

Last February, while the coronavirus ravaged Wuhan, one of the country’s biggest vaccine manufacturers, Sinovac Biotech, was in no position to develop a new vaccine to stop it.

The company lacked a high-security lab to conduct the risky research needed. It had no factory that could produce the shots, nor the funds to build one.

So the company’s chief executive, Yin Weidong, reached out to the government for help. On Feb. 27, he met with Cai Qi, a member of China’s Politburo, and Chen Jining, the mayor of Beijing and an environmental scientist.

After that, Sinovac had everything it needed.

The officials gave its researchers access to one of the country’s safest labs. They provided $780,000 and assigned government scientists to help.

They also cleared the way for the construction of a new factory in a district of Beijing. The city donated the land. The Bank of Beijing, in which the municipality is a major shareholder, offered a low-interest $9.2 million loan.

When Sinovac needed fermentation tanks that typically take 18 months to import from abroad, the government ordered another manufacturer to work 24 hours a day to make them instead.

It was the sort of all-of-government approach that Mr. Xi outlined at a Politburo Standing Committee meeting two days after Wuhan was locked down. He urged the country to “accelerate the development of therapeutic drugs and vaccines,” and Beijing broadly showered resources.

CanSino Biologics, a private company, partnered with the People’s Liberation Army, working with little rest to produce the first trial doses by March. Sinopharm, a state-owned pharmaceutical company, got government funding in three and a half days to build a factory.

Mr. Yin of Sinovac called the project “Operation Coronavirus” in keeping with the wartime rhetoric of the country’s fight against the outbreak. “It was only under such comprehensive conditions that our workshop could be put into production,” he told The Beijing News, a state-controlled newspaper.

Less than three months after Mr. Yin’s Feb. 27 meeting, Sinovac had created a vaccine that could be tested in humans and had built a giant factory. It is churning out 400,000 vaccines a day, and hopes to produce as many as one billion this year.

The crash course to vaccinate a nation ultimately opened a different opportunity.

With the coronavirus largely stamped out at home, China could sell more of its vaccines abroad. They “will be made a global public good,” Mr. Xi promised the World Health Assembly last May.

Although officials bristle at the premise, “vaccine diplomacy” has become a tool to assuage some of the anger over China’s missteps, helping shore up its global standing at a time when it has been under pressure from the United States and others.

“This is where China can come in and look like a real savior, like a friend in need,” said Ray Yip, a former head of the Bill and Melinda Gates Foundation in China.

China’s efficiency at home has not translated into an easy triumph abroad. Chinese vaccines have lower efficacy rates. Officials in Brazil and Turkey have complained about delays. Still, many countries that have so far signed up for them have acknowledged that they could not afford to wait months for those made by the Americans or Europeans.

On Jan. 16, Serbia became the first European country to receive Chinese vaccines, some one million doses from Sinopharm. The country’s president, Aleksandr Vučić, stood in chilly winds with the Chinese ambassador to welcome the first planeload of supplies.

He told reporters that he was “not afraid to brag” of the country’s relationship with China.

“I’m proud of that and will invest more and more of our time and efforts to create and even improve our great relationship with the Chinese leadership and the Chinese people.”

Coral Yang, Amber Wang, Claire Fu and Elsie Chen contributed research.

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Business

China deliveries slide in January for electrical automobile start-up Li Auto

A Li Xiang One Hybrid SUV is on display at the China Import and Export Fair Complex, China, during the 18th Guangzhou International Auto Show on November 23, 2020.

Li Zhihao | Visual China Group | Getty Images

BEIJING – At the beginning of 2021, Chinese automaker Li Auto is in third place behind its start-up competitors Nio and Xpeng with a drop in deliveries in January.

Li Auto, listed on Nasdaq, said late Monday, Eastern Time, it shipped 5,379 Li One SUVs in January. That is less than 6,126 deliveries in December and less than Nios 7,225 and Xpeng’s 6,015 deliveries in January.

Li Auto also announced that it will establish a new research and development center in Shanghai for autonomous driving and other technologies related to electric vehicles.

Li Auto’s shares fell the hardest among competitors in US trading on Tuesday, down 5.7% from losses of about 4.6% for Xpeng and 2.1% for Nio. Tesla shares rose 3.9%.

Competition for high-end electric SUVs increased in January, and Tesla announced it would soon begin shipping its China-made Model Y at a price close to that of Nio and Li Auto cars. Tesla delivered 180,570 electric cars worldwide in the last three months of 2020 alone.

The Li One SUV is the first and so far only model from Li Auto. According to China’s Passenger Car Association, it was the best-selling high-end electric SUV in 2020 and even made it into the top 10 list of high-end SUVs overall along with Nio.

According to Morgan Stanley analysts, the Li One SUV is characterized by its fuel tank that can charge the battery and extend the range by 620 kilometers to a total of 800 kilometers.

One of the biggest concerns Chinese consumers have when buying an electric car is whether the battery will run out too quickly, with no charging station nearby, or with long charging times.

Deliveries of 5,379 Li One SUVs in January still quadrupled from the same period last year, and cumulative deliveries have exceeded 38,900 since the vehicle launched in December 2019, according to Li Auto.

That is less than half of the over 82,800 vehicles that Nio delivered cumulatively at the end of January. Nio has three SUV models on the market and plans to start delivering a sedan next year.

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Business

Pinduoduo Worker Deaths Ignites China Debate Over Work

Lyu Xiaolin, an employee of a large Chinese tech company, said she had discussed the Pinduoduo deaths at length with colleagues who agreed that the idea of ​​unbearable work pressure was all too familiar.

“The conclusion was that this is too terrible and we need to cherish our own lives,” she said. “We should make sure we leave work earlier in the future.”

She herself had changed roles in her company, which she did not want to identify for fear of retaliation because her previous work often meant that she had to work until 11 or 12 a.m., sometimes even until 3 a.m. She was looking for therapy to alleviate the psychological stress.

China’s hypercompetitive work culture, especially in the tech world, has been a frequent cause of concern and criticism in recent years. While many once celebrated growth at all costs as the engine of China’s development, young workers have increasingly complained about the cost to their health and personal relationships.

This dissatisfaction clearly exploded in 2019 when simple technicians organized a rare online protest against the so-called “996” culture – working days that last six days a week from 9 a.m. to 9 p.m. – and increased awareness of China’s labor law, the working days of more than eight hours without overtime pay is generally prohibited. However, companies insist that the long hours are voluntary and the authorities, aware of unofficial mobilization, censored much of the discussion about the movement. The internet went on.

The debate has broken out again.

On January 3rd, an anonymous user of Maimai, a professional networking platform, wrote that a friend of Pinduoduo died unexpectedly and blamed the company. The post gained traction, and Pinduoduo confirmed that a worker surnamed Zhang died on December 29th on her way home.

There was no public explanation for the cause of death, but many online have linked it to overwork. Users found that Ms. Zhang had been working on a new online grocery product that Pinduoduo had been promoting, and that the company’s executive director, Colin Huang, had just been named China’s second richest person.

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China Overtakes U.S. as Prime Vacation spot for Overseas Funding: Dwell Updates

Here’s what you need to know:

Recognition…Bill O’Leary / The Washington Post, via Getty Images

Michael S. Barr, a law professor and former Obama administration official, is President Biden’s leading choice to control the currency, a powerful body that regulates banks.

As Vice Secretary of the Treasury under President Barack Obama, Mr. Barr helped shape the Dodd-Frank Financial Reform Bill, a comprehensive regulatory bill that puts financial firms under stricter government oversight, a résumé that appears to certify him as a reformer.

Progressives are less in love, however, writes Emily Flitter in the New York Times. Some have pointed to Mr Barr’s efforts to relax some of Dodd-Frank’s restrictions, such as the Volcker Rule, which prohibits banks from using customer funds to make their own bets in the markets, as evidence that it may be more business-friendly.

His recent connections in the financial world, including advising a trading group trying to sway lawmakers on behalf of fintech companies, were also examined.

Several progressive groups have expressed support for another candidate: Mehrsa Baradaran, a law professor who has studied the inequality of treatment black and poor people often receive from banks. A supporter of Ms. Baradaran even threatened a hunger strike if Mr. Barr wins the nomination.

The explosion in cryptocurrency and online banking has increased the stake in the regulatory role. Fintech firms are advocating bank charter, and the wider adoption of cryptocurrencies like Bitcoin will result in more government scrutiny.

The trade restrictions between China and the United States under the Trump administration, coupled with the coronavirus pandemic, have given China a surprising advantage.

China has surpassed the US for the first time as the leader in FDI, an important measure of a country’s economic health.

Foreign investment in the United States fell by almost half, or 49 percent, to $ 134 billion in 2020, the United Nations Conference on Trade and Development announced on Sunday.

The decline in the United States is mostly focused on total trade, financial services, and mergers and acquisitions, according to the study.

China, where the coronavirus outbreak was first detected, saw a modest 4 percent increase to $ 163 billion, led by investments in the country’s growing high-tech sector and in mergers and acquisitions. China, the most populous nation in the world, imposed strict lockdown and masking requirements, rules that appear to have helped contain the spread of the virus within its borders.

Foreign direct investment fell for most countries as they struggled to contain the virus. Investment in Europe was wiped out and global foreign investment fell by 42 percent overall.

Developed nations like the United States tend to be attractive targets for such investments because of their skilled workforce, open markets, and rigorously enforced regulations.

China’s manufacturing expertise and growing consumer base have attracted overseas companies like Apple for years, but its strict policies regarding foreign ownership of its businesses and sometimes unclear enforcement rules made such investments difficult.

However, the growing clout of consumers has been difficult for multinational companies to ignore. When foreign investors opened a business, Chinese citizens bought and created enormous wealth. The country is making a stuttering path from an economy driven by exports to one driven by its own consumers.

The United Nations group expects foreign direct investment to remain weak globally through 2021.

Recognition…To watch

The tax changes approved by Congress late in the year are now forcing the IRS to postpone the start of the tax return season, New York Times’ Ann Carrns reports.

Even so, according to the IRS, most taxpayers who receive a 2020 tax refund will get it within three weeks if they file electronically and have the money deposited directly into their bank account. The average refund over the past few years has been more than $ 2,500. Many families use refunds to pay bills or to use them as a kind of forced savings plan.

Typically, the Internal Revenue Service begins accepting and processing individual income tax returns in late January. However, the agency has postponed the start of filing tax returns for the 2020 tax year to February 12th.

The IRS Free File program is now ready for use if you want to prepare your own tax return. Free File, a partnership between the IRS and tax software company, is available to individuals with an adjusted gross income of $ 72,000 or less. The program offers free online preparation and filing of federal declarations. However, some vendors charge government returns fees. You can now complete your return and it will be submitted to the IRS starting February 12th.

This is going to be another challenging tax season for the Internal Revenue Service, which in recent years has struggled with reduced budgets that have forced it to get by with fewer workers and outdated computer systems. During the pandemic, it also had the extra work of distributing stimulus checks.

Debenhams, a long-time department store chain in the UK, began closing sales last month.Recognition…Oli Scarff / Agence France-Presse – Getty Images

British online fast fashion retailer Boohoo announced Monday that it would buy the Debenhams brand name and website for £ 55 million, or $ 75 million, a few weeks after the 242-year-old department store chain ceased operations after opening had administration in April.

The deal is the latest reflection of the seismic reorganization in the global retail hierarchy caused by the coronavirus pandemic. Strong companies with agile supply chains and e-commerce activities grow faster, while weaker – often older – competitors with large stationary footprints and more traditional models gradually fall away.

Asos, another online fast fashion retailer, confirmed Monday that it was in exclusive talks with administrators at Philip Green retail group Arcadia to buy the portfolio of their fashion brands, which include Topshop, Topman, Miss Selfridge and HIIT . Arcadia filed for bankruptcy protection late last year.

A final sale in 124 Debenhams stores began in December as administrators continued to search for offers for all or part of the company. Now, Boohoo, best known for his $ 5 bikinis and connections to reality TV stars, is going to buy the Debenhams intellectual property rights for cash – though none of his stores or inventory will be included. The company took the same approach when it acquired several other UK brands that were on the brink of bankruptcy, including Oasis and Karen Millen.

Debenhams was expected to restart on Boohoo’s web platform in early 2022.

“Our acquisition of the Debenhams brand is strategic as it is a huge step in accelerating our drive to lead not only in fashion e-commerce but also in new categories such as beauty, sports and homeware,” said Boohoos Chairman of the Board, Mahmud Kamani. “Our aim is to create the largest UK market.”

Neither Asos nor Boohoo are looking to buy stores, so the remaining 118 Debenhams department stores and more than 400 Arcadia-branded stores are likely to close permanently, putting tens of thousands of jobs at risk.

Boohoo, co-founded by Mr Kamani in Manchester in 2006, was subject to public scrutiny last year after investigations into working conditions at Leicester textile mills found that many workers were paid less than the minimum wage.

  • The S&P 500 futures fluctuated but indicated that the main Wall Street index would open slightly higher on Monday after positive sentiment in Asian markets stalled in European trading as new data saw a drop in business confidence showed.

  • Most of the European indices were lower. The Stoxx Europe 600 fell 0.2 percent, led by losses in financial and energy companies. The CAC 40 in France fell 0.5 percent, the DAX in Germany and the FTSE 100 in Great Britain by 0.3 percent. Hong Kong’s Hang Seng rose 2.4 percent to its highest level in two and a half years. Gains were driven by an 11 percent rise in Tencent shares after a company he supported announced an IPO

  • In Europe there is growing concern about the pace of vaccination. Drug manufacturers said the European Union would face a significant delay in delivery in the first few months of the year, and officials replied they would take legal action to fulfill their contracts.

  • In Germany, Europe’s largest economy, the most recent surveys showed a sharp decline in expectations of the economy. The Ifo survey on business sentiment fell to its lowest level in six months.

  • “With the current lockdown measures until mid-February and without any significant easing immediately afterwards, the short-term prospects for the German economy are anything but rosy,” wrote Carsten Brzeski, an economist at the Dutch bank ING, in a note.

  • The UK has seen a shake in retail and newer online brands have cleaned up the old guard: shares of Boohoo, the fast fashion online retailer, rose as much as 5.7 percent after it announced the Brand to buy from Debenhams, a two hundred year old department store chain that went bankrupt last year. Shops are likely to be closed.

  • Shares of ASOS, another online retailer, even surged 6.4 percent after it was confirmed that after the downtown collapse there was some talk of buying some of Arcadia’s most popular brands, including Topshop.

  • In other financial markets, the US dollar and the gold price have barely changed. Oil futures rose and West Texas Intermediate prices rose 0.8 percent to $ 52.66 a barrel.

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Business

China Needed to Present Off Its Vaccines. It’s Backfiring.

China’s coronavirus vaccines were supposed to deliver a geopolitical win that showcased the country’s scientific prowess and generosity. Instead, in some places, they have set off a backlash.

Officials in Brazil and Turkey have complained that Chinese companies have been slow to ship the doses and ingredients. Disclosures about the Chinese vaccines has been slow and spotty. The few announcements that have trickled out suggest that China’s vaccines, while considered effective, cannot stop the virus as well as those developed by Pfizer and Moderna, the American drugmakers.

In the Philippines, some lawmakers have criticized the government’s decision to purchase a vaccine made by a Chinese company called Sinovac. Officials in Malaysia and Singapore, which both ordered doses from Sinovac, have had to reassure their citizens that they would approve a vaccine only if it has been proven safe and effective.

“Right now, I would not take any Chinese vaccine because there’s insufficient data,” said Bilahari Kausikan, an influential former official at Singapore’s Ministry of Foreign Affairs. He added that he would consider it only with “a proper report.”

At least 24 countries, most of them low and middle income, signed deals with the Chinese vaccine companies because they offered access at a time when richer nations had claimed most of the doses made by Pfizer and Moderna. But the delays in getting the Chinese vaccines and the fact that the vaccines are less effective mean that those countries may take longer to vanquish the virus.

Beijing officials who had hoped the vaccines would burnish China’s global reputation are now on the defensive. State media, meanwhile, has started a misinformation campaign against the American vaccines, questioning the safety of the Pfizer and Moderna shots and promoting the Chinese vaccines as a better alternative. They have also distributed online videos that have been shared by the anti-vaccine movement in the United States.

Liu Xin, an anchor with CGTN, the state broadcaster, asked on Twitter why the foreign media has failed to “follow up” on the deaths of people in Germany who have taken one vaccine — though scientists have said the people were already seriously ill. Ms. Liu’s tweet was shared by Zhao Lijian, a top spokesman at China’s foreign ministry.

George Gao, the head of the Chinese Center for Disease Control and Prevention, has questioned the safety of the American vaccines because their developers used new techniques rather than the traditional method embraced by Chinese makers.

China had hoped its vaccines would prove it had become a scientific and diplomatic powerhouse. It remains on par with the United States in the number of vaccines approved for emergency use or in late stage trials. Sinopharm, a state-owned vaccine maker, and Sinovac have said they can produce up to a combined two billion doses this year, making them essential to the global fight against the coronavirus.

Unlike the Pfizer and Moderna vaccines, their doses can be kept at refrigerated temperatures and are more easily transported, making them appealing to the developing world. They have been doled out as aid to countries like Pakistan and the Philippines.

China’s campaign has been plagued with doubts, however. Many people have memories of the country’s vaccine scandals. Several governments remain angry about Beijing’s lack of openness about the virus in the early days of the pandemic. Its efforts at the start of last year to distribute masks and protective equipment to the West came under fire amid reports of shoddy quality and the demands by Chinese officials for public thanks.

A YouGov survey this month of roughly 19,000 people in 17 countries and regions showed that most were distrustful of a Covid-19 vaccine made in China. The misinformation campaign surrounding Western vaccines could further undermine its image.

The delays in shipments to places like Brazil and Turkey have been the latest hitch.

In Turkey, the government initially promised that 10 million doses of the Sinovac vaccine would arrive in December. Only three million did in early January, according to Fahrettin Koca, Turkey’s health minister. He did not explain the reason for the shortfall, which has been criticized by opposition politicians. The remaining doses finally arrived on Monday, according to Anadolu, Turkey’s state-run news agency.

Covid-19 Vaccines ›

Answers to Your Vaccine Questions

If I live in the U.S., when can I get the vaccine?

While the exact order of vaccine recipients may vary by state, most will likely put medical workers and residents of long-term care facilities first. If you want to understand how this decision is getting made, this article will help.

When can I return to normal life after being vaccinated?

Life will return to normal only when society as a whole gains enough protection against the coronavirus. Once countries authorize a vaccine, they’ll only be able to vaccinate a few percent of their citizens at most in the first couple months. The unvaccinated majority will still remain vulnerable to getting infected. A growing number of coronavirus vaccines are showing robust protection against becoming sick. But it’s also possible for people to spread the virus without even knowing they’re infected because they experience only mild symptoms or none at all. Scientists don’t yet know if the vaccines also block the transmission of the coronavirus. So for the time being, even vaccinated people will need to wear masks, avoid indoor crowds, and so on. Once enough people get vaccinated, it will become very difficult for the coronavirus to find vulnerable people to infect. Depending on how quickly we as a society achieve that goal, life might start approaching something like normal by the fall 2021.

If I’ve been vaccinated, do I still need to wear a mask?

Yes, but not forever. The two vaccines that will potentially get authorized this month clearly protect people from getting sick with Covid-19. But the clinical trials that delivered these results were not designed to determine whether vaccinated people could still spread the coronavirus without developing symptoms. That remains a possibility. We know that people who are naturally infected by the coronavirus can spread it while they’re not experiencing any cough or other symptoms. Researchers will be intensely studying this question as the vaccines roll out. In the meantime, even vaccinated people will need to think of themselves as possible spreaders.

Will it hurt? What are the side effects?

The Pfizer and BioNTech vaccine is delivered as a shot in the arm, like other typical vaccines. The injection won’t be any different from ones you’ve gotten before. Tens of thousands of people have already received the vaccines, and none of them have reported any serious health problems. But some of them have felt short-lived discomfort, including aches and flu-like symptoms that typically last a day. It’s possible that people may need to plan to take a day off work or school after the second shot. While these experiences aren’t pleasant, they are a good sign: they are the result of your own immune system encountering the vaccine and mounting a potent response that will provide long-lasting immunity.

Will mRNA vaccines change my genes?

No. The vaccines from Moderna and Pfizer use a genetic molecule to prime the immune system. That molecule, known as mRNA, is eventually destroyed by the body. The mRNA is packaged in an oily bubble that can fuse to a cell, allowing the molecule to slip in. The cell uses the mRNA to make proteins from the coronavirus, which can stimulate the immune system. At any moment, each of our cells may contain hundreds of thousands of mRNA molecules, which they produce in order to make proteins of their own. Once those proteins are made, our cells then shred the mRNA with special enzymes. The mRNA molecules our cells make can only survive a matter of minutes. The mRNA in vaccines is engineered to withstand the cell’s enzymes a bit longer, so that the cells can make extra virus proteins and prompt a stronger immune response. But the mRNA can only last for a few days at most before they are destroyed.

In a statement, China’s foreign ministry cited its needs at home, where the coronavirus has re-emerged.

“Currently, China’s domestic vaccine demand is huge,” it said. “While meeting domestic demand, we are overcoming difficulties, thinking and trying ways to develop international vaccine cooperation with other countries, especially developing countries in different ways, and providing support and assistance according to their needs and within our capacity.”

The sporadic outbreaks could also hinder production. Sinovac, which declined to comment, said on Friday online that it was looking for workers for a Beijing-area facility where an outbreak had frightened off potential employees.

Countries like Turkey and Brazil are rolling out their immunization programs with a Sinovac vaccine because Western companies cannot deliver as quickly. But Brazil’s efforts have been delayed as well. Eduardo Pazuello, the country’s health minister, said China is not acting fast enough with the documents needed to export raw materials to Brazil.

“We are making strong moves at the diplomatic level to find where that resistance is and solve the problem,” Mr. Pazuello told a news conference last Sunday.

On Wednesday, Rodrigo Maia, Brazil’s speaker of the house, told reporters that he had met the Chinese ambassador to Brazil, who “made it clear that there is no political obstacle, that it was a technical process that was delayed a little.”

Other vaccines are beginning to fill the gap. Brazil’s health ministry announced on Thursday that a previously delayed shipment of two million doses of the Oxford-AstraZeneca vaccine would be arriving the next day from India.

The world was also caught off guard by the disclosure that the Sinovac vaccine may not be as effective as previously thought. Earlier, officials in Turkey said trials there showed the vaccine has a 91 percent efficacy rate. In Indonesia, it was 68 percent. In Brazil, researchers initially said its efficacy was 78 percent.

Then, on Jan. 12, scientists said it had an efficacy rate of just over 50 percent, once people who experienced mild symptoms were included. That level is a hair above the threshold set by the World Health Organization to consider a vaccine effective. In a news conference last week, Sinovac’s chief executive officer, Yin Weidong, reiterated that the vaccine is 100 percent effective in preventing severe cases. He said the lower efficacy rate was because the trial was focused on health care workers, who had a higher propensity of contracting Covid-19 than the general population.

Jair Bolsonaro, Brazil’s president and a critic of both China and its Covid-19 vaccines, pounced on the data. On Jan. 13, he mocked the vaccine’s efficacy rate, asking a supporter: “Is that 50 percent good?”

To be sure, the Chinese vaccines have a big appeal to many countries. More than 40 countries have expressed an interest in importing Chinese vaccines, according to China’s foreign ministry. Several world leaders, including President Reccep Tayyip Erdogan of Turkey and President Joko Widodo of Indonesia, have gotten a Sinovac vaccine.

But the spotty and inconsistent disclosures about the vaccines remain a problem. In the case of Sinopharm, the company said a vaccine candidate made by its Beijing Institute of Biological Products arm had an efficacy rate of 79 percent, but it did not disclose crucial details. Sinopharm didn’t respond to a request for comment.

In Hong Kong, a special administration region of China that has ordered 7.5 million doses of the Sinovac vaccine, officials have not received an application for emergency distribution nor any data from the Chinese company.

“Whether it is because they are not making enough or if they have no plans to send the vaccines to Hong Kong yet, I don’t know,” said Dr. Lau Chak Sing, who heads a Hong Kong government advisory panel on Covid-19 vaccines.

Data disclosure has also been an issue in the Philippines, which has secured 25 million Sinovac vaccine doses. Risa Hontiveros, an opposition lawmaker, said President Rodrigo Duterte’s administration “continues to cram their preference for Chinese-made vaccines down the public’s throat, without emergency use approval and with inconsistent data.”

Leila de Lima, a senator and opposition leader who is in prison, expressed anger that the government is paying $61 a dose, more than double what Sinovac’s partner in Indonesia is paying. The presidential palace said that price was overstated but it couldn’t divulge the real ones because of a confidentiality agreement.

Despite the uncertainty, many people may have little choice.

“I’ll have my jab,” said Kayihan Pala, a member of the Turkey Medical Association’s Covid-19 monitoring board. “I am waiting my turn, because there is no other option.”

Letícia Casado, Tiffany May, Elsie Chen and Jason Gutierrez contributed reporting.

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World News

China acquired extra international funding final yr than U.S., U.N. says

Employees will be working on the WEY Tank 300 SUV production line at a Great Wall Motors factory in Chongqing, China, on January 19, 2021.

VCG | Visual China Group | Getty Images

The Chinese economy brought in more FDI than any other country last year, knocking the United States off the list.

China brought in $ 163 billion in inflows last year, compared to $ 134 billion attracted by the U.S., the United Nations Conference on Trade and Development wrote in a report released on Sunday. In 2019, the U.S. received $ 251 billion in inflows and China received $ 140 billion.

Overall, the report found that foreign direct investment increased globally as the Covid-19 pandemic virtually brought countries large and small to a standstill.

FDI fell 42% to $ 859 billion in 2020, a 30% decrease from the depths of the 2009 financial crisis. The economic measure takes into account investments in one country made by people and businesses in other countries, such as building a factory or opening a satellite office.

The industrialized countries were hit harder than the so-called “developing countries” last year. Investments in the United States fell 49%, slightly below the industrialized nation’s average of 69%.

Foreign direct investment in developing countries fell by a comparatively moderate 12%. China, featured on this list, actually saw its inflows rise slightly, up 4%.

In the European Union, FDI fell by two-thirds, according to the report, while the United Kingdom did not see any new inflows. Great Britain is particularly badly affected by the coronavirus.

China managed to get the coronavirus largely under control within its borders last year, despite being the first nation to be affected by the deadly disease.

Strict lockdown measures, early mass testing, and an abundance of personal protective equipment have been blamed for the relatively low death toll in the country.

Since the pandemic began, China has had fewer than 100,000 confirmed Covid-19 cases and has suffered around 4,800 deaths from the disease, according to Johns Hopkins University.

In the US, with a much smaller population, there have been nearly 25 million cases and more than 400,000 deaths.

Although China outperformed the US in FDI in 2020, the total foreign investment inventory in the US is still much larger than it is in China, according to the Organization for Economic Cooperation and Development.

Other economic data also suggest that China has borne the brunt of the pandemic more nimbly than its peers. Beijing posted GDP growth of 2.3% in 2020 earlier this month and is expected to be the only major economy to show a positive annual growth rate.

The United Nations report comes a day before China’s President Xi Jinping will address a virtual meeting of the World Economic Forum. President Joe Biden is not expected to attend the event.

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Qualcomm chip market share plunges in China after U.S. sanctions on Huawei

Qualcomm’s Snapdragon 888 chip is used in premium Android devices that could cost over $ 1000.

Qualcomm

According to a new report, Qualcomm’s share of the Chinese smartphone chip market decreased in 2020 due to US sanctions against Huawei.

As a result, the country’s domestic wireless carriers turned to alternatives like Taiwan’s MediaTek, according to CINNO Research.

Last year, 307 million so-called Smartphone on System (SOC) for smartphones were shipped in China, which corresponds to a decrease of 20.8% compared to the previous year.

SOC is a type of semiconductor that contains many of the components necessary for a device to operate on a single chip such as a processor. They are an important component for smartphones.

According to CINNO Research, Qualcomm’s shipments in China are down 48.1% year-over-year, with no information on the number of Qualcomm chips shipped. The US giant’s market share in China fell to 25.4% in 2020, down from 37.9% in 2019.

MediaTek No. 1

Taiwan’s MediaTek benefited from this pent-up demand. The chip designer took advantage of the problems of Huawei and Qualcomm and also let large Chinese smartphone manufacturers use his chips.

“As far as we know, the MediaTek share (for) OPPO, Vivo, Xiaomi and Huawei has increased significantly,” said CINNO Research to CNBC in a statement by its analysts.

Huawei is China’s largest smartphone maker by market share, followed by Vivo, Oppo and Xiaomi.

Many of these players make phones that are mid-range in price but have high specifications. MediaTek achieved good results here.

The US sanctions against Huawei have also forced other Chinese players to look for alternatives in case they should be cut off from Qualcomm.

“Not only is this due to the excellent performance of MediaTek’s mid-end platform, but there is also no denying that the US has imposed a number of sanctions on Huawei & Hisilicon that are forcing large manufacturers to become more diversified and stable endeavor and reliable sources of supply, “said CINNO Research in a press release.

Xiaomi was recently added to a U.S. blacklist of suspected Chinese military companies, although it is unclear whether this will affect their ability to source certain components.

Winning the 5G market

China is the world’s largest market for 5G smartphones. 5G refers to the next generation of mobile internet, and chipmakers are fighting for a piece of cake.

“After the first year of 5G, let’s take a look at the changes in the Chinese smartphone SOC market. This shows that the market pattern is changing from a single dominant Qualcomm company to a three-party in the 4G era. Pattern has changed from Hisilicon, Qualcomm, and MediaTek in 2020, “said CINNO Research.

Last year, Qualcomm launched a new line of 5G smartphone chips, known as the 6 and 4, which could hurt MediaTek’s market share in China.

“Qualcomm, which launches the 6 and 4 series 5G chipset, will help MediaTek participate in the fast-growing 5G smartphone segment in China,” said Neil Shah, partner at Counterpoint Research.

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World News

China sanctions Pompeo, O’Brien, Azar and different Trump administration officers

U.S. Secretary of State Mike Pompeo speaks during a press conference at the Great Hall of the People on June 14, 2018 in Beijing, China.

Lintao Zhang | Getty Images

WASHINGTON – The Chinese government, along with other members of the Trump administration, imposed sanctions on former Secretary of State Mike Pompeo, former National Security Advisor Robert O’Brien and former Trade Advisor Peter Navarro on Wednesday.

“In recent years, out of selfish political interests, prejudice and hatred of China, and regardless of the interests of the Chinese and American people, some anti-China politicians in the United States have planned, promoted, and carried out a series of insane moves that are have been heavily involved in China’s internal affairs, undermined China’s interests, insulted the Chinese people and seriously disrupted China-US relations, “the State Department wrote in a statement.

“China has decided to sanction 28 people who have seriously violated China’s sovereignty and who were primarily responsible for such US actions against China,” the statement also said.

The Chinese government also appointed Former Deputy National Security Advisor Matthew Pottinger, Former Secretary for Health and Human Services Alex Azar, Former U.S. Ambassador to the United Nations Kelly Craft, Deputy Secretary of State for East Asian and Pacific Affairs David Stilwell, and Secretary of State for Economic growth, energy and the environment Keith Krach.

Former National Security Advisor John Bolton and Stephen Bannon were also sanctioned on Wednesday.

“These people and their immediate family members are prohibited from entering mainland China, Hong Kong and Macau. They and their affiliated companies and institutions are also prohibited from doing business with China,” the State Department said in a statement.

US President Donald Trump (L) and China’s President Xi Jinping shake hands at a press conference after their meeting outside the Great Hall of the People in Beijing.

Artyom Ivanov | TASS | Getty Images

The crumbling relationship between Washington and Beijing deepened under the Trump administration after the world’s two largest economies attempted to improve trade ties.

Chinese State Department spokeswoman Hua previously said the Trump administration was “pushing the accelerator to destroy China-US relations”.

“Certain US politicians are so irresponsible that they say whatever has to be said to target China,” she added last summer.

Their comments followed a glowing speech by then-US Attorney General Bill Barr, in which he accused the Chinese government of human rights abuses, espionage and economic blitzkrieg.

“The People’s Republic of China is now in an economic blitzkrieg – an aggressive, orchestrated campaign by the entire government to conquer the dominant heights of the world economy and surpass the United States as the pre-eminent superpower in the world,” Barr said during a speech on Nov. July.

In June, O’Brien slammed China on a list of criminal offenses before saying that “the days of American passivity and naivete about the People’s Republic of China are over”.

Pompeo, who previously referred to Huawei and other state-backed Chinese companies as “Trojan horses for Chinese intelligence”. In July, Pompeo announced that the US was considering banning TikTok and other Chinese social media apps, citing national security concerns.

The Trump administration has also blamed China for the deadly health crisis caused by the coronavirus.

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TikTok proprietor ByteDance launches cell funds in China

A symbol of TikTok (douyin) is pictured in The Place shopping mall at dusk on August 22, 2020 in Beijing, China.

VCG | Visual China Group | Getty Images

GUANGZHOU, China – ByteDance has launched a new payment service in Douyin, the Chinese version of the short video sharing app TikTok.

Douyin users can select Douyin Pay to make purchases on the short video app. Creators usually sell items or goods related to their content.

“The establishment of Douyin Pay … is intended to complement the existing main payment options and ultimately improve the user experience on Douyin,” ByteDance said in a statement. ByteDance owns both Douyin and TikTok.

In fact, Douyin already offers payment options from Alipay from Alibaba subsidiary Ant Group and WeChat Pay from Tencent, the two dominant mobile payment apps in China.

Alipay and WeChat Pay together account for more than 90% of the Chinese mobile payments market, according to iResearch.

Both payment services are available in apps, but also in physical stores where customers can scan barcodes to purchase items. This is different from Douyin Pay, which is only available in the Douyin app.

Douyin’s payment system is operated by Wuhan Hezhong Yibao Technology, a company that ByteDance bought around two years ago. Users need a Chinese bank account to use Douyin Pay.

The latest step towards e-commerce and financial technology or fintech underlines ByteDance’s desire to expand beyond social networks. This included forays into mobile gaming, a search engine, and streaming music.