Pete Sweeney

"Your mouth is robbing your ears." - Mary Renault | 天网恢恢/疏而不漏

[Pete Sweeney @petesweeneypro]

Personal news: Today I take up an exciting new role as Head of Executive Communications for Asia at HSBC. Wishing my former journalist comrades the best, and look forward to meeting new colleagues and taking on fresh challenges at one of Asia's best known financial institutions.

[Pete Sweeney @petesweeneypro]

@isaacstonefish Xinhua does put reporters on the ground, in part because of its other role. I worked with a former Xinhua guy who covered the Iran/Iraq war on the ground.

[Pete Sweeney @petesweeneypro]

Did Elon Musk really just break Tweetdeck? That's ... not going to work for me.

[Andrew Batson @andrewbatson]

@ZongyuanZoeLiu @Brad_Setser @BennSteil @ForeignAffairs This is a weird article. "Consumption-led growth" is not an actual Chinese economic slogan, consumption is definitely not the centerpiece of Xi's plan for the economy, and there is no government plan to implement consumption-led growth.

[Shirley Ze Yu @shirleyzeyu]

China’s Bureau of Statistics explained y’day the statistical definition of employment is people who work more than ONE hour a week.

As long as people work for an hour a week, they are employed rather than unemployed.

Given this definition, China’s actual unemployment, translated to US terms, will be much higher.

[Pete Sweeney @petesweeneypro]

Actually you won't because this links to the podcast. You can see the video snapshot, though. He loooved being asked.

[Pete Sweeney @petesweeneypro]

If you skip up to the 40 minute mark, you'll see the grin on his face when I ask him if he thinks he could be Nissan's next CEO.

[Reuters Breakingviews @Breakingviews]

Nissan COO Ashwani Gupta, once seen as a potential future CEO, is leaving the Japanese automaker. Time to revisit his earlier interview with @petesweeneypro, who asked about his ambitions to take on the top job - https://t.co/6DV5rU2KsV

[Reuters @Reuters]

From @Breakingviews: Investors worry about market ructions if Bank of Japan Governor Kazuo Ueda hikes rates now, but there is another risk - that he waits too long, @petesweeneypro explains https://t.co/aTVCd2qtdl

[Pete Sweeney @petesweeneypro]

For the unfamiliar; Glory to Hong Kong was written for the 2019 demonstrations and is an anti-anthem more than anything else. The Wikipedia article uses as supporting link an SCMP piece talking about the March of the Volunteers, China's national anthem, not GtHK.

[Pete Sweeney @petesweeneypro]

In the much-contested alternative China universe on Wikipedia, "Glory to Hong Kong," the song the city's government is trying to purge from the internet, is Hong Kong's national anthem and has been adopted in an official capacity.

https://t.co/wmHrUHAwkk

[Andrew Batson @andrewbatson]

@greg_ip @Noahpinion @yifanxie No, I think this is an error. There is no data series that shows the nominal value of China's total debt, however defined, declining in absolute terms. The decline in the USD value is an exchange-rate effect, the same BIS series in local currency is still up.

[Sasho Todorov @SashoTodorov1]

And it costs $360.00.

[Pete Sweeney @petesweeneypro]

@TNOQuoProQuid Hard to top Heinlein's Starship Troopers or Stranger in a Strange Land in that category.

[Javier Blas @JavierBlas]

In 23 years covering OPEC, this is a first.

Under pressure from Saudi Arabia, OPEC has banned journalists from Reuters, the Wall Street Journal, and Bloomberg (including myself) from attending the group’s ministerial meeting in Vienna this weekend #OOTT
https://t.co/mAkepMc4vQ

[Henry Gao @henrysgao]

According to the alternative historical perspective of the 1990s presented by the show, the factory manager eager to reform the SOEs was greedy and corrupt, the HK investor helping with the SOE reform was nothing but a swindler, and the private entrepreneurs were cruel hooligans.

[Pete Sweeney @petesweeneypro]

Interesting thread:

[Henry Gao @henrysgao]

In other words, the show is raved by official media because it provides an alternative narrative of the go-go bravo of the 1990s, which so far has been widely regarded, both by the people and the government, as the golden era of China’s development.

Not any more.

[Pete Sweeney @petesweeneypro]

When Elon Musk bought Twitter I warned it might create problems for Tesla in China. Not so far! In fact Musk has positioned himself very well vis a vis Beijing, and his ownership of Twitter has proven an advantage, not a liability, for better or worse. https://t.co/z6s4RqUqGE

[Kane WU @GeniusWu]

UBS says it was rushed into unwanted Credit Suisse rescue merger https://t.co/0OZA4v7Pai

[Reuters Breakingviews @Breakingviews]

Shares in Chinese state giants have rallied as investors seek shelter under Beijing’s umbrella from private sector crackdowns. Such companies pay good dividends and rarely default, but their rising strategic importance is a liability, says @petesweeneypro https://t.co/ffGemuuVWc

[Matt Sheehan @mattsheehan88]

**🇨🇳 releases significant new tech policy document**

China watchers in 2015 ➡️ China watchers in 2023