Faced with various problems domestically and externally, the decision in Beijing seems to be to just pile on the debt. After a year of relatively determined efforts to rein in this debt monster, it was announced this week that the Center had ordered local governments to issue more bonds to spend more money on infrastructure […]
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Another week of escalating trade war, and further signs that China needs the West more than the West needs China. Wobbly currency and stock trends continued, and the “National Team,” for sure, has been burning money to keep numbers in psychologically acceptable territory. The RMB ended the week at around 6.85 to the USD, it […]
It’s one of our favorite pop tunes, and we don’t think Sting was mulling the Chinese economy when he wrote it, the word resonates in terms of this week. The stock market plummeted more than 3% on Thursday before being somewhat resuscitated by the National Team, and it fell another percentage point today. Rumors continue […]
Tapes are in the news in Washington – Trump’s conversations with his former lawyer – which brings to mind another tape which allegedly exists in the hands of Mr Putin, and is also a reminder that there are no such tapes, and therefore no leverage, that the Chinese can bring to bear on the man […]
It’s summer, and Those in Command are preparing for their annual trip to the seaside town of Beidaihe. Strangely, just as in 2015, there have been some rumors floating around the periphery in the past week about the situation of the Leader, but on balance we believe them to be untrue or possibly misinformation aimed […]