Florida ban on Chinese-owned property, sea goddess ceremony concern: SCMP daily highlights
From worries over a sea goddess ceremony to China embracing free trade, here’s a round-up from today’s coverage
1. Nexperia fallout: chip spat reignites EU debate over Chinese investments
The saga of Netherlands-based and Chinese-owned chipmaker Nexperia, caught up in broader geopolitical tensions between the United States and China, is rekindling a debate about foreign investment in Europe and is likely to lead to further scrutiny by EU countries on future Chinese investments in the bloc, according to analysts.
2. China names GDP benchmark for headline target: 4.17% annual growth through 2035
With China’s population expected to shrink over the next decade, an official publication has said an average annual economic growth rate of 4.17 per cent would be necessary to meet a headline target for long-term development by 2035 – providing greater clarity for what the government considers a success as it works to achieve the long-range benchmark.
3. US appeal court says Florida can ban Chinese citizens from property purchases
A US federal appeal court has paved the way for Florida to enforce a law restricting real estate purchases by Chinese citizens, rejecting arguments that it conflicts with federal law or is discriminatory.