Games Industry Bloodshed; China’s Industrial Sector Performance; COVID Update; EducatioBlinken, Wang Yi to court ASEAN; Beijing Investigates Chip Price-Gouging; Education Party Chief; Unicorns.

Intelligence and Insights on China's government actions, foreign policy, economy, and the capital markets.

Tencent and other Chinese Game Stocks met their Waterloo, seeing $46B wiped out so far.

Delta strain has spread to 10 provinces and 25 cities, including Beijing and Shanghai. Beijing is moving into a state of semi-lockdown.

Party Chief of the Education Ministry has shifted to a career scientist and defense university president.

We digest July statistics…

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