Florida ban on Chinese-owned property, sea goddess ceremony concern: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.

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

Buildings are seen along Miami Beach in Florida. A US appeals court on Tuesday cleared the way for Florida to enforce a law restricting real estate and land purchases by Chinese citizens. Photo: Shutterstock
Buildings are seen along Miami Beach in Florida. A US appeals court on Tuesday cleared the way for Florida to enforce a law restricting real estate and land purchases by Chinese citizens. Photo: Shutterstock

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.

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