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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.
A generation ago, China feared having too many babies—today, it fears not having enough.
