Clay Chandler
@claychandler
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Hong Kong-based Executive Editor, Asia for FORTUNE. Formerly McKinsey & Co; Asia Editor, Fortune; chief economic correspondent, Washington Post.
Hong Kong
Joined March 2009
Crypto mining and data centers together accounted for 2 percent of world electricity demand in 2022. And that share is likely to climb to 3.5 percent in three years. That would be equivalent to current consumption of Japan, the world’s fifth largest electricity user. Read more
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Had an excellent conversation with @claychandler at the #FortuneGlobalForum covering the global outlook, debt, AI, & China.
"We've seen a global economy that has been resilient in a way that haven't seen before," said @IMFNews First Deputy Managing Director @GitaGopinath at the #FortuneGlobalForum. "Resilience doesn't mean everything is great," she added. https://t.co/YYdfdSXsMK
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In China, Tesla is a ‘catfish’—in a tank full of baby sharks
fortune.com
Tesla is no longer the only big fish in China. Now the U.S. company must compete with a slew of heavily subsidized local rivals.
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Singapore’s AI ambitions: How the city-state is keeping up in an arms race dominated by the U.S. and China
fortune.com
Collaboration between government and industry has made Singapore a competitive player in AI—and a "digital Switzerland" in the superpower rivalry.
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Look. This debate was a total and complete disaster for Biden. He looked old. His answers trailed off repeatedly. He was hard to understand. He would stop in mid sentence and move on to something else. I NEVER thought he would be this bad. Stunning. Truly.
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I’m Hearing High Anxiety from Democrats Over Biden’s Debate Performance
nytimes.com
Some are calling it a disaster.
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Will ultra-fast fashion fall out of fashion? “Don’t worry about !” #CEODaily
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One month out from the Fortune Innovation Forum, which will be held March 27-28 at the stunning Rosewood Hotel in Hong Kong! To reserve your place visit https://t.co/xQpIbT6STD or send an e-mail to fortuneinnovationforum@fortune.com https://t.co/3o4zD5pgr2
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Bloomberg analysts estimate war over Taiwan could erase $10 trillion from global GDP. Notably, in both scenarios BBG considers, costs much higher for China than US.
bloomberg.com
Taiwan’s election highlights the potential for a conflict that would decimate the global economy.
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Sam Altman is translated as Ao-Te-Man(奥特曼) in Chinese new sites, the same words used for Japanese Anime Ultraman. 😂
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Some sad news. We have to shut down and this why: https://t.co/3wPKayf8nY
thechinaproject.com
Some sad news
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Please see my below letter to the President of Harvard University sent today: November 4, 2023 Dear President Gay, I am writing this letter to you regretfully. Never did I think I would have to write a letter to the president of my alma mater about the impact of her actions
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The 2023 Fortune ESG Summit in Shanghai was well curated with women speakers winning the day displaying great empathy and compassionate ideas to deliver sustainability - Clay Chandler and Ben Wood’s fireside chat was great closing about how China can continue to contribute! #ESG
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Singapore’s Sea Posts First Profit After E-Commerce Holds Up - Bloomberg
bloomberg.com
Sea Ltd. soared after reporting its first-ever profit, a milestone in the Southeast Asian gaming and e-commerce giant’s effort to convince investors of its money-making potential.
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Tencent boss Pony Ma left out of China’s signature political gathering
ft.com
Absence from National People’s Congress highlights sidelining of internet giants
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Fewer U.S. companies consider China a top investment destination, according to an annual survey by a major American business group @DanStrumpf
https://t.co/azK1pAU3Tu via @WSJ
wsj.com
Fewer U.S. companies consider China a top investment destination, according to an annual survey by a major American business group.
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Under the new proposal, retail trading of digital tokens could start on June 1 as Hong Kong aims to be the Asia's crypto hub.
techinasia.com
Under the new proposal, retail trading of digital tokens could start on June 1 as Hong Kong aims to be the Asia’s crypto hub.
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Raskin to Boebert: Democrat is the noun. When you use it as an adjective, you say Democratic.. As if every time we mentioned the other party it just came out with a kind of political speech impediment like, oh, the Banana Republican Party.
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It's true!
WATCH: After 945 days, Hong Kong ended its mask mandate, but a majority of the residents are still opting to wear a mask due to Covid uncertainty https://t.co/aNcyIHMLoH
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Another unintended consequence of China's convoluted tax code, which forces local governments to depend on land sales for revenue.
foreignpolicy.com
Local governments are desperate to balance the books with land sales.
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