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Qi Zhang

Washington, D.C.
As seen in: Caixin Global
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Articles by Qi Zhang

In Depth: China’s Tech Giants Caught Between Tightening Scrutiny at Home and Abroad

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By Guan Cong, Zhang Erchi, Qi Zhang, Qian Tong
| Caixin Global
As U.S. tech CEOs were being grilled last month by the nation’s lawmakers over claims their firms’ immense power is stifling competition and harming consumers, the ground was also shifting for Chinese tech firms.
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Update: Trump Gives September Deadline for TikTok Sale, Demands Government Get a Cut

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By Guan Cong, Zhang Erchi, Qi Zhang, Mo Yelin
| Caixin Global
President Donald Trump said he would shut down TikTok in the U.S. by mid-September unless its local operations are sold to Microsoft Corp. or another domestic bidder, later adding that a “substantial portion” of the sale price would need to be paid to the U.S. government.
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Microsoft Said Plan to Acquire TikTok Will Continue

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By Qi Zhang, Zhang Erchi, Mo Yelin
| Caixin Global
Microsoft confirmed for the first time it is seeking to acquire the U.S. operations of short-video app TikTok from China-based parent company ByteDance Ltd., saying it will go ahead with the plan, despite reservations from U.S. President Donald Trump.
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U.S. U-Turns on Policy That Threatened International Students With Deportation

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By Qi Zhang, Ingrid Luan
| Caixin Global
Following a court challenge, the U.S government has revoked an order that would have forced international students to leave the country if they failed to attend in-person classes in the upcoming fall semester amid the ongoing Covid-19 pandemic.
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Chinese Students May Be Forced to Leave U.S. if Courses Move Online

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By Qi Zhang, Ingrid Luan
| Caixin Global
Under a new policy announced by the U.S. government on Monday about 370,000 Chinese students could be forced to leave the United States if their universities hold online-only classes this fall due to the spread of Covid-19. The modification to the Student and Exchange Visitor Program, which affects all international students in the U.S., will however allow them to stay if they transfer to another school with in-person instruction.
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IMF Warns of Financial Market Disconnect From Global Economy

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By Guo Yingzhe, Qi Zhang
| Caixin Global
The International Monetary Fund (IMF) has warned that the recent rally of financial markets has been out of step with the sluggish global economy, posing a threat to economic recovery given existing financial vulnerabilities. “Amid huge uncertainties, a disconnect between financial markets and the evolution of the real economy has emerged, a vulnerability that could pose a threat to the recovery should investor risk appetite fade”, the IMF said in a report published Thursday.
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Cover Story: How George Floyd Protests Expose America's Systemic Racism

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By Wang Zili, Qi Zhang, Denise Jia
| Caixin Global
On Saturday, a hot and humid early summer day, thousands of demonstrators gathered at the Lincoln Memorial in Washington, D.C., to protest police brutality and racial oppression. It was where Martin Luther King Jr. delivered his inspirational 1963 “I Have a Dream” speech. On this day Americans protested that King’s dream is still far from reality more than a half-century later.
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In Depth: Huawei Has a Sanction-Proof Pile of Processors, but They Won’t Last Long

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By Zhang Erchi, Qu Hui, He Shujing, Qi Zhang
| Caixin Global
Huawei Technologies Co. Ltd. has long been stocking up on custom-made chips as a hedge against U.S. sanctions, and should have enough to last at least until the end of the year. But its impressive supplies could quickly become outdated amid the escalating 5G technological arms race. The company faces enormous uncertainty after it uses up these reserves, analysts told Caixin.
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China on Track with Agricultural Commitments in Phase One Deal: USTR

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By Qi Zhang, Tang Ziyi
| Caixin Global
China has continued making progress on implementing agriculture-related provisions in the two sides’ phase-one trade deal signed in January, two U.S. government agencies said, even as tensions have escalated between the pair in other areas.
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New Huawei Sanctions by U.S. Are Less Than Meet the Eye, Lawyers Say

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By Qi Zhang, Denise Jia
| Caixin Global
The most recent American government move to tighten restrictions on Huawei Technologies Ltd. will not hit the Chinese telecom equipment giant as hard as expected, according to several American export-control lawyers. The new rules, unveiled by the U.S. Commerce Department Friday, expand the government’s authority to require foreign manufacturers using American chipmaking equipment and technology to obtain a license before selling chips to Huawei.
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China, U.S. Point Fingers Over Delays in Bringing Students Home

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By Qi Zhang, Zhou Tailai, Matthew Walsh Verified
| Caixin Global
Logistical issues between Chinese airlines and American transport authorities are hindering efforts to bring home Chinese students from the U.S., officials from both countries have said. Delays to chartered repatriation flights are due to Chinese carriers submitting charter applications “with little to no notice before proposed flight operation,” a spokesperson from the U.S. Department of Transportation (DOT) told Caixin in an email.
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As Its New Energy Car Sales Slump, BYD Finds Profits in Face Masks

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By Zheng Lichun, Bao Zhiming, Qi Zhang, Guo Yingzhe
| Caixin Global
BYD Co. Ltd., best known as a new energy car maker backed by billionaire investor Warren Buffett, has temporarily shifted gears, finding profits by making and exporting face masks during the global Covid-19 pandemic. BYD is one of many Chinese companies that have rushed to produce medical supplies, such as masks and disinfectants, to meet demand since the global outbreak began in Central China.
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JD.com Plea Denied to Dissociate From Founder’s Rape Case in U.S.

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By Qi Zhang, Denise Jia
| Caixin Global
What’s new: A U.S. court dismissed a motion filed by Chinese e-commerce giant JD.com to clear the company’s name from a case of alleged rape against its founder and Chief Executive Officer Liu Qiangdong. “It is premature to determine whether the alleged tort occurred within defendant Liu’s work-related limits of time and space,” the Hennepin County District Court in Minnesota said Monday.
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IMF Praises China’s ‘Decisive’ Macroeconomic Policy Moves

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By Qi Zhang, Denise Jia
| Caixin Global
The International Monetary Fund (IMF) praised China for taking “decisive” measures to bolster the economy in the wake of the Covid-19 pandemic and urged policymakers to stay vigilant and be ready with additional macroeconomic moves in the case of a return of the virus and further slowing in global growth.
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China and Its Neighbors Stick Up for WHO After Trump Threatens Funding Cutoff

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By Qi Zhang, Timmy Shen Verified
| Caixin Global
China, Japan, South Korea and member states of the Association of Southeast Asian Nations (ASEAN) came to the defense of the World Health Organization (WHO) after U.S. President Donald Trump announced Tuesday that he is halting the organization’s funding.
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Q&A: New York Emergency Room Doctor Says It’s Just Getting 'Worse and Worse’

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By Qi Zhang, Michael Bellart
| Caixin Global
Nineteen shifts in 22 days. That’s what New York City emergency room (ER) doctor Calvin Sun has worked since the Covid-19 outbreak began in the city. As a per-diem doctor, Sun works on something like a freelance basis, picking up shifts at whichever hospital in the city has a 10- to 12-hour hole to fill in its ER schedule. This experience has given him a broad perspective about the state of the city’s emergency rooms as New York has become the epicenter of the U.S. outbreak.
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Sliding Doors: Did the U.S. Miss Its Opportunity to Control the Virus?

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By Zeng Jia, Ma Danmeng, Qi Zhang, Denise Jia
| Caixin Global
Sliding Doors: Did the U.S. Miss Its Opportunity to Control the Virus? It took 54 days from the time the first Covid-19 case appeared in Wuhan Dec. 1 to the complete lockdown of the central China city of 14 million people Jan. 23. It also took 54 days from the report of the first American case in Seattle Jan. 20 until U.S. President Donald Trump declared a national emergency Friday. That’s about where the parallels end, according to public health experts.
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In Depth: How the U.S. Missed Its Window for Taming the Covid-19 Virus

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By Zeng Jia, Ma Danmeng, Qi Zhang, Denise Jia
| Caixin Global
It took 54 days from the time the first Covid-19 case appeared in Wuhan Dec. 1 to the complete lockdown of the central China city of 14 million people Jan. 23. It also took 54 days from the report of the first American case in Seattle Jan. 20 until U.S. President Donald Trump declared a national emergency Friday. That’s about where the parallels end, according to public health experts.
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Reporter’s Notebook: I Wore a Mask to Trump’s Press Conference and Accidentally Became the Story

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By Qi Zhang
| Caixin Global
I never expected the act of wearing a mask to the White House to turn into a kind of performance art. When U.S. President Donald Trump tweeted on Friday morning that he was going hold a press conference that afternoon, I was surprised. My first question was how many people would be there. There were already competing claims circulating online about whether Brazilian President Jair Bolsonaro had contracted Covid-19 (he later reportedly tested negative).
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U.S. Won’t Loosen Restrictions on Travelers From China, Trump Says

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By Qi Zhang, Timmy Shen Verified
| Caixin Global
U.S. President Donald Trump said Wednesday evening that his administration will continue implementing travel restrictions for visitors who have recently been to China amid the coronavirus outbreak. The administration will only consider loosening the travel restrictions “when we are at a point where we don’t have a problem,” Trump said in response to a question from Caixin. “We’re not going to loosen the travel restriction — that’s what saved us,” he said.
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IMF Is Confident China’s Economy Will Bounce Back From Virus

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By Qi Zhang, Tang Ziyi
| Caixin Global
The head of the International Monetary Fund (IMF) said it has confidence in the resilience of China’s economy amid fears that the outbreak of a new coronavirus will harm the world’s second-largest economy. “We support China’s efforts to respond by taking measures with all the strength of its health system, but also by the recent fiscal, monetary and financial actions,” IMF Managing Director Kristalina Georgieva said in a video posted Monday on the IMF website.
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Australia, U.S. Impose Travel Restrictions Amid Coronavirus Outbreak

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By Guo Yingzhe, Qi Zhang
| Caixin Global
The Australian government on Saturday increased border restrictions for travelers from the Chinese mainland amid fears over the outbreak of the deadly coronavirus, following similar travel restrictions imposed by the U.S. the previous day.
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Australia, U.S. Impose Travel Restrictions Amid Coronavirus Outbreak

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By Guo Yingzhe, Qi Zhang
| Caixin Global
The Australian government on Saturday increased border restrictions for travelers from the Chinese mainland amid fears over the outbreak of the deadly coronavirus, following similar travel restrictions imposed by the U.S. the previous day.
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In Depth: U.S. and China Take a Step Forward on Trade

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By Qi Zhang, Wang Su, Shan Yuxiao, Denise Jia
| Caixin Global
After 14 rounds of negotiations stretching over almost two years, the U.S. and China Wednesday signed an 88-page phase one trade deal covering a range of issues from agriculture purchases to financial services, intellectual property, technology transfer and foreign exchange.
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U.S. and China Sign Phase One Trade Deal

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By Qi Zhang, Denise Jia
| Caixin Global
U.S. President Donald Trump and Chinese Vice Premier Liu He signed a phase one trade deal at the White House Wednesday morning, ending a nearly two-year-long trade war between the world’s two biggest economies.
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Trump Sets Jan. 15 Phase One China Trade Deal Signing at White House

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By Han Wei Verified, Qi Zhang
| Caixin Global
U.S. President Donald Trump said he will sign the phase-one trade deal with China Jan. 15 at the White House and plans to visit Beijing for further talks. "The ceremony will take place at the White House," he said Tuesday on Twitter, adding that high-level representatives of China will be present. Trump pledged to go “at a later date” to Beijing where the second phase of trade talks will begin. China and the United States announced an agreement on a limited trade deal Dec.
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IMF Chief Challenges China, U.S. to Turn ‘Trade Truce’ Into ‘Trade Peace’

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By Hu Shuli Verified, Qi Zhang, Zeng Jia, Li Zengxin
| Caixin Global
The new head of the International Monetary Fund called on Beijing and Washington to pursue their bilateral trade talks beyond the agreed phase one deal in an effort to support world economic growth amid downbeat forecasts. In an exclusive interview with Caixin Media Dec.
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Exclusive: IMF Boosts China 2020 GDP Forecast Following U.S.-China Trade Deal

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By Qi Zhang, Denise Jia
| Caixin Global
The new head of the International Monetary Fund applauded the phase one trade deal between China and the U.S. as a “very positive step” for both countries and the world economy, and called for continuous discussions on broader policy topics.
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IMF Head Forecasts China GDP to Grow 6% in 2020, Up From 5.8% Prediction in October

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By Qi Zhang, Denise Jia
| Caixin Global
IMF Head Forecasts China GDP to Grow 6% in 2020, Up From 5.8% Prediction in October The new head of the International Monetary Fund (IMF) applauded the phase one trade deal between China and the U.S. as a “very positive step” for both countries and the world economy, and called for continuous discussions on broader policy topics.
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Update: Phase One Trade Deal Rolls Back Tariffs, Expands Imports to China

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By Qi Zhang, Han Wei Verified, Denise Jia
| Caixin Global
China and the United States agreed on a phase one deal to pause the 18-month trade war, rolling back tariffs and increasing imports from America, Chinese officials and U.S. negotiators confirmed Friday.
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As U.S. Pressure Grows, So Do Chinese Firms’ Lobbying Expenses

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By Qi Zhang
| Caixin Global
Many Chinese companies are turning to lobbyists for help in the face of increasing political scrutiny. But the current policy atmosphere in Washington means these efforts may be in vain, experts say. Huawei, unsurprisingly, is spending big on trying to influence D.C. opinion.
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Money-Losing Letting Agency Raises Only Half of What It Wanted in U.S. IPO

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By Tang Ziyi, Qi Zhang
| Caixin Global
Money-losing letting agency Q&K International Group Ltd. has raised $45.9 million in its initial public offering (IPO) on the Nasdaq, less than half of its original fundraising target. Q&K sold 2.7 million American depositary shares (ADSs) at $17 each, the low end of its indicative price range. On Wednesday, the company closed up 2.47% at $18.80, following a 3.8% rise during its first trading day on Tuesday.
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U.S. Government Probing TikTok for National Security Risks: Reports

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By Qi Zhang, Isabelle Li
| Caixin Global
The U.S. government has launched a national security probe into Chinese tech unicorn Bytedance’s 2-year-old acquisition of a popular American lip-sync video app. Bytedance, which CB Insights values at $75 billion, paid almost $1 billion yuan for Shanghai and California-based Musical.ly and merged it into its own social short video app TikTok. The acquisition was seen as a way for the Chinese company to gain a foothold in overseas markets and capitalize on an increasing appetite for short video.
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Global Outlook ‘Precarious,’ IMF Says, Cutting Forecasts for China and the World

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By Ren Qiuyu, Qi Zhang
| Caixin Global
The International Monetary Fund (IMF) has further cut economic growth forecasts for China and the world as a whole, citing trade barriers and geopolitical tensions eroding the potential for economic expansion, according to the latest World Economic Outlook report released this week. The IMF slashed the global growth forecast to 3% in 2019 — the lowest since the 2008 financial crisis — down 0.3 percentage points from the previous projection in April.
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IMF Predicts Slower Economic Growth for 2019

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By Ren Qiuyu, Qi Zhang
| Caixin Global
The International Monetary Fund (IMF) revised down its projections for both Chinese and global economic growth for the second time this year in the latest installment of its World Economic Outlook report, which was published Tuesday. The report predicts that global growth will slow to 3% in 2019, down 0.3 percentage points from the Fund’s April projection. Meanwhile, China’s annual economic growth will fall 0.2 percentage points from April to 6.1%, the report says.
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U.S., China Reach ‘Substantial Phase One’ Trade Deal, Trump Says

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By Denise Jia, Qi Zhang
| Caixin Global
The U.S. and China made a major breakthrough toward ending their 18-month trade war by reaching a partial deal Friday after two days of negotiations in Washington.
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China, U.S. Upbeat on Trade Talk Progress Despite Trump Reservations

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By Mo Yelin, Qi Zhang
| Caixin Global
China and the U.S. struck a positive tone on the outcome of official mid-level trade negotiations this week, even as U.S President Donald Trump said he was in no hurry to strike a trade agreement and wanted a comprehensive pact rather than a smaller interim deal. A Chinese delegation of mid-level trade officials held talks on Thursday and Friday with their U.S. counterparts in Washington to set the agenda for discussions between the two countries top trade negotiators next month.
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Investors Take Heart From Trump Comment on Possible Trade Deal

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By Guo Yingzhe, Qi Zhang
| Caixin Global
Stock markets reacted positively after U.S. President Donald Trump said Thursday he’d consider an interim trade deal with China despite preferring a permanent one, as officials in the world’s two largest economies continue to seek a solution to the ongoing trade war. Asian investors seemed to warm to the news on Friday. Hong Kong’s Hang Seng Index opened 135.9 points or 0.5% up in the morning and closed 0.98% higher, while Japan’s Nikkei 255 closed 1.17% higher.
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Trump's ‘Goodwill Gesture’ on Trade War Met With Cautious Optimism

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By Guo Yingzhe, Qi Zhang
| Caixin Global
Responses to the latest truce in the U.S.-China trade war ranged from tepid to cautiously optimistic on Thursday, after the two sides each took measures to calm tensions.
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In Depth: Is the Next Global Recession in Sight?

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By Wang Liwei, Yu Hairong, Zeng Jia, Qi Zhang
| Caixin Global
As the Chinese proverb says: The moon waxes only to wane, and water surges only to overflow. After nearly 10 years of steady expansion, the world economy faces growing concerns of a looming recession. There are plenty of reasons to worry as major economies including those of China, Britain and Germany are struggling with downward pressures or entering a contraction, underlining mounting uncertainties in a world rattled by growing protectionism and mounting trade barriers.
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Huawei Says Second Reprieve From U.S. Blacklist Won’t Have ‘Substantial Impact’

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By Mo Yelin, Qi Zhang
| Caixin Global
Embattled Chinese telecom-gear maker Huawei Technologies Co. Ltd. has downplayed another 90-day reprieve from a U.S. government blacklist, which will allow it to continue buying products from American firms under certain circumstances. “The extension of the Temporary General License does not change the fact that Huawei has been treated unjustly,” the company said in a Monday statement sent to the media.
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U.S. Delays Some New Tariffs on China Goods Until Mid-December

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By Han Wei Verified, Qi Zhang
| Caixin Global
The Trump administration partly postponed new tariffs on some Chinese imports until mid-December, cheering stock investors and bolstering shares including Apple Inc., Micron Technology and Best Buy Co. Inc. The delay affects some of the $300 billion a year of additional Chinese goods on which President Donald Trump vowed to levy 10% tariffs starting Sept. 1.
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U.S. Labels China Currency Manipulator as Trade War Escalates

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By Han Wei Verified, Qi Zhang
| Caixin Global
Washington named China a currency manipulator Monday for the first time in more than two decades, marking the latest escalation of tensions in the trade war between the world’s two largest economies. The U.S. Treasury Department said that Secretary Steven Mnuchin, under the auspices of President Donald Trump, made the determination that China was manipulating its currency.
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U.S. and China End Shanghai Trade Talks Without Reporting Progress

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By Denise Jia, Qi Zhang
| Caixin Global
The U.S. and China will resume trade talks in September in Washington after two days of meetings in Shanghai ended Wednesday without any declared progress on key issues. It was the first formal sit-down by trade negotiators since top leaders declared a truce in the trade war at a G-20 meeting in late June.
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JD.com Founder’s Rape Accuser ‘Furious’ Over Coverage of Case’s Newly Released Details

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By Isabelle Li, Qi Zhang
| Caixin Global
Eleven months after JD.com Inc. founder and chairman Richard Liu was accused of rape by a Chinese student at the University of Minnesota, the state’s police force released most of the materials collected during its investigation into the events of the controversial night in August that embroiled the e-commerce billionaire in a scandal.
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Despite Trade War, There Is Room for Optimism on Asia’s Economy, Experts Say

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By Takehiro Masutomo, Mo Yelin, Qi Zhang
| Caixin Global
As Presidents Xi Jinping and Donald Trump agreed at the G-20 summit in Japan to restart trade talks, investors and policymakers at a Caixin roundtable in Osaka struck a cautiously positive tone about Asia’s economic prospects, underpinned by the use of new technologies.
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Xi and Trump Agree to Restart Trade Talks While U.S. Halts Additional Tariffs

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By Mo Yelin, Wu Gang, Qi Zhang
| Caixin Global
(Osaka) ― Chinese President Xi Jinping and U.S President Donald Trump have agreed to restart trade talks as the U.S. agreed not to impose new tariffs on Chinese exports, the Xinhua News Agency reported on Saturday. The two met earlier on the sidelines of the G-20 Leaders’ Summit in Osaka, Japan. Trump also said China and the U.S. should be strategic partners instead of competitors or enemies, when answering a Caixin reporter’s question during a press conference after the meeting.
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Three Things to Know About Xi and the G-20

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By Xu Heqian, Wu Gang, Qi Zhang
| Caixin Global
The upcoming Group of 20 (G-20) Leaders’ Summit will be closely watched with Chinese President Xi Jinping and his U.S. counterpart Donald Trump set to meet on the sidelines to discuss the two countries’ increasingly rocky relationship. But the G-20 summit is about more than China-U.S. trade. China’s foreign ministry has now officially announced Xi will attend the G-20 summit from Thursday to Saturday, in what will be the Chinese leader’s first visit to Japan since he became president in 2013.
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U.S. Will Favor Huawei Suppliers ‘Not Central’ to National Security, Commerce Secretary Says

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By Wu Gang, Qi Zhang
| Caixin Global
Many of the hundreds of U.S. companies that supply Huawei Technologies Co. Ltd. have been contacting the government for exemptions to the ban on selling their products to the Chinese telecom giant, U.S. Commerce Secretary Wilbur Ross said.
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Intel Pushing U.S. to Let It Keep Supplying Huawei, Executive Says

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By Jason Tan, Qi Zhang
| Caixin Global
Intel is pushing the U.S. government to allow it to continue supplying components to Huawei Technologies Co. Ltd., a senior executive from the American chipmaker told Caixin at a forum in Washington. Peter Cleveland, a vice president of Intel Corp., argued in favor of discussion over regulation in dealing with the embattled Chinese telecommunications-equipment maker, which has been blacklisted by the U.S. government on national security concerns.
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