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While China and the United States vie for power globally, Beijing seems to have it in for Japan, and Tokyo has yet to responded fully.
The Chinese Communist Party has always been driven by a fear of things it cannot completely control.
Directing China’s banks to follow political instead of commercial criteria invites a rerun of the property crisis, just in a different sector.
Beijing only wants scientific freedom when it doesn’t have the science.
Beijing will have to jump very high hurdles indeed to achieve Chinese self-reliance in the production of critical semiconductors.
Part 2: Hidden bad debts, eroding investor confidence, and mounting risks are part of China’s banking challenges.
The United States and allies should preempt the strategy before preemption causes a nuclear war.
Part One: Recent official data point to a growing number of warning signs that China’s banking sector is entering a period of heightened financial stress.
Beijing has decided to change its hukou system of worker registration. Reform will help but not enough to meet all China’s needs.
