Joe Leahy @leahyjoseph
Beijing bureau chief @FT [email protected], msg me for Telegram/Signal/WeChat ft.com/joe-leahy Beijing Joined November 2011-
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What became of Rahile Dawut? The Uyghur academic pursued her life’s work under an increasingly authoritarian Chinese state. Then she vanished @FTMag ft.com/content/ca0364…
More evidence of deglobalization and supply chain diversification away from China :) Robin Xing/ MS: "First-quarter data showed China’s export volumes rose sharply by 14 per cent year on year, even as the price index of those exports fell 12 per cent."
Li Qiang threw down the guantlet to the west when he met Scholz on Tuesday - China warns west of ‘survival of the fittest’ as manufacturing boosts economy ft.com/content/053c6b… via @FT
German companies’ dependence on China will last decades, warns Siemens ft.com/content/e8634f… via @FT
Beijing's armed forces probe extends to an important part of the military industrial complex: China investigates senior executive at top defence group ft.com/content/f54616… via @FT
2/2 That might be a little optimistic. Spending may be up 1.1% since 2019, but in those four years real GDP was up 20% and nominal GDP up 28%. This suggests that Chinese are spending a much smaller share of their income per trip than they were in 2019.
Yellen going out of her way to promote Chinese consumption (not realizing this will be booked as Chinese exports of tourism services…)
I spent the weekend in Qiushan Valley, Shandong, visiting wineries featured in a piece I wrote on the perils of investing in Chinese wine. An agricultural heartland, Shandong was home to the first commercial winery founded in the Qing Dynasty. ft.com/content/8576ec…
A day after Xi charms US CEOs in Beijing, Zhao Leji is back pushing the Asia for Asians mantra at Bo'ao. Xi Jinping lieutenant calls for Asia to ‘jointly’ manage its own security ft.com/content/98b07c… via @FT
. @edwardwhitenz of the FT is on a bit of a roll -- really good reporting on China's auto sector "Last year, China produced 17.7mn cars with internal combustion engines, a 37 per cent fall from 28.3mn in 2017." 1/x
Thrilled to win a Sigma award for our investigation exposing the scale of China’s suppression of Islamic culture. A huge team effort w/ @YuanfenYang @upyorkshire @inari_ta @peterjandringa @evawxiao @maxharlow @leahyjoseph @sunyu1117 and many others in @ftdata
Thrilled to win a Sigma award for our investigation exposing the scale of China’s suppression of Islamic culture. A huge team effort w/ @YuanfenYang @upyorkshire @inari_ta @peterjandringa @evawxiao @maxharlow @leahyjoseph @sunyu1117 and many others in @ftdata
China urges Australian caution on ‘third-party’ disruption of relationship on.ft.com/49QF8TD
Belt-tightening amid a real estate down turn isn't a path to stable growth: “Governments of all levels better get used to belt-tightening and start to understand that this is not a temporary need, but a long-term solution” -- finance minister Lan Fo’an 1/x
1/8 Good FT article: "Beijing has ordered a dozen highly indebted areas, many of them less-developed and far from the coast, to curb infrastructure spending as it tries to unwind a decade-long investment binge many believe is unsustainable." ft.com/content/901bc6…
Great scoop from @LOS_Fisher @leahyjoseph
China’s Xi Jinping to resist market pressure to step up stimulus efforts on.ft.com/3Tm9yHJ
Xi's fall guy. How many more will there be as China's economic problems exact a growing toll? China removes head of market regulator as it battles stock meltdown ft.com/content/d4b5d6… via @FT
Are Chinese stocks a value trade or a value trap? on.ft.com/3HVGArj | opinion
The online fast-fashion giant, which took pains to separate itself from its Chinese roots, is not formally required to seek approval from Beijing regulators on.ft.com/42vkqWq
Critical takes on China's economy have vanished from the internet recently, raising concerns that Beijing is stepping up censorship efforts as it tries to put a positive spin on a struggling economy wsj.com/world/china/ch… via @WSJ
Tom Phillips @tomphillipsin
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2K Followers 858 Following Data reporter @ft covering Asian economies, markets and businessVia the FT, in a story that won't do much to address global concerns about China's policy direction ft.com/content/053c6b…
Gorgeous day for a walk with @jamescrabtree at Houhai. Of course we discussed the new quality productive forces!
“I intend to keep showing up and to keep pushing for free and open debate in China.” … Pretty sure 2024 CDF invite for @SRoach_econ will be his last.
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It's been a nearly three-year wait that took me and my expanding luggage from London to Taipei to Hong Kong. But earlier this week, I finally moved to Beijing to join the FT bureau here. My skin is already cracking from the bone-dry air, but it feels good to be here!
Thrilled to win a Sigma award for our investigation exposing the scale of China’s suppression of Islamic culture. A huge team effort w/ @YuanfenYang @upyorkshire @inari_ta @peterjandringa @evawxiao @maxharlow @leahyjoseph @sunyu1117 and many others in @ftdata
"How China is tearing down Islam" by @ftdata (United Kingdom) just won a @sigmaawards for #datajournalism ig.ft.com/china-mosques/
Belt-tightening amid a real estate down turn isn't a path to stable growth: “Governments of all levels better get used to belt-tightening and start to understand that this is not a temporary need, but a long-term solution” -- finance minister Lan Fo’an 1/x
1/8 Good FT article: "Beijing has ordered a dozen highly indebted areas, many of them less-developed and far from the coast, to curb infrastructure spending as it tries to unwind a decade-long investment binge many believe is unsustainable." ft.com/content/901bc6…
Ladies and Gentlemen, we have a winner. Mentions of "New Quality Productive Forces is surging in the Chinese Language Press ever since Xi Jinping's visit to Heilongjiang last year. The High Quality Growth concept seems to be on its way out.....
Great scoop from @LOS_Fisher @leahyjoseph
🚨 EXCL: Imperial College London academics have worked with scientists at Chinese institutions linked to Beijing’s armed forces and defence sector on research with potential military applications ft.com/content/73e5ef…
The most important part of Martin Wolf's latest column on China is his observation that so lon as China's savings rate stays high, the potential for a massive trade and current account surplus remains ... 1/
Very useful thread:
What to watch at China's Two Sessions next week? —Growth target, deficit target, policy signals in premier Li Qiang's first government work report —What will Xi Jinping do? —New foreign minister? —Many more... Me and Jing Qian put our heads together for @AsiaPolicy: 1/21
Who runs 🇨🇳? Not just Xi Jinping! The 🇺🇸 CIA used to store profiles of 🇨🇳 leaders & their networks on index cards that filled a room the size of a football pitch Now this info is at your fingertips, thanks to Decoding Chinese Politics by @AsiaPolicy This is how it works ⬇️🧵
Happy to share some thoughts with @leahyjoseph for this @FT curtain-raiser on the Two Sessions:
China’s Xi Jinping to resist market pressure to step up stimulus efforts on.ft.com/3Tm9yHJ
1/8 Very good article by Gavekal's Yanmei Xie on Chinese policy on EVs. For me the key point he makes is this: "China’s well-rehearsed industrial policy can be staggeringly wasteful but still produce stunning results." ft.com/content/608c4b… via @FT
Would recommend reading the FT story together with the WSJ's story on Europe's concerns with the United States deviation from global trade rules. in my view, the gap between the two articles captures the unresolved tension in the EU's trade policy wsj.com/politics/polic…
The much feared MSS is trying so hard to be cool and respected with comic books and "hip" messaging. Probably won't work since Chinese people are too smart (or too cynical toward police). Was the Stasi this cool? Excellent coverage @leahyjoseph China’s feared spy agency…
My interview with Ukraine’s enigmatic military spymaster, Kyrylo Budanov. We discussed the current state of play in the war, his commandos working behind enemy lines, Crimea, Russian arms production, North Korea, mobilization, Wagner, Putin and more. @FT on.ft.com/4aYzS1j
Russian customs returns show Chinese producers shipped $68mn worth of CNC tools in July, the latest verifiable figure available, up from just $6.5mn in February 2022. @leahyjoseph @xtophercook @maxseddon on.ft.com/3RZEFb8
Russia is buying hundreds of units of a Chinese all-terrain vehicle that is also widely marketed to US consumers, purchases that risk heightening tensions over Xi’s tacit backing of Putin’s war in Ukraine. w/ @leahyjoseph @xtophercook @mylesmccormick_ on.ft.com/3Te2L3b