Official Data, Other Signs Hint at Bad State of China’s Economy
China’s sole engine driving growth is losing steam.
BUSINESS
Risk Watch: Record Fine in 2017 Exposes Chinese Banking Sector Risks
◎ Guangfa is the latest of several Chinese banks to be caught up in fraudulent business practices in recent years.
China Announces Ambitious Three-Year Plan for AI Industry
◎ The MIIT report declares China’s intention to gain an international competitive advantage in AI by 2020.
Politics Watch: Wang Qishan’s Aide Becomes Vice Chairman of China’s Banking Regulator
◎ The appointment of Wang’s trusted aide to a top position in China’s banking regulator confirms our analysis that Xi is focusing his anti-corruption efforts on the financial sector.
China’s Digital Economy is 30 Percent of its GDP
◎ We believe that the CCP is currently growing its digital economy as a strategy to surpass the United States.
Report: China’s Total Capital Outflows Over the Past Decade at Least $964 Billion
◎ According to the National Development and Reform Commission’s (NDRC) recently published “China Foreign Investment Report,” China’s total overseas investments from 2006 to 2016 is at least $964 billion.
Risk Watch: Banking Regulator Fined Over a Third of China’s Banks, Financial Institutions in 2017
◎ China’s financial system is vulnerable to high risk.
Risk Watch: Investigation of Hengfeng Bank Executives Unveils Three Political Hazards for Foreign Investors in China’s Financial Institutions
◎ The Hengfeng case reveals three political hazards that foreign investors will face when taking up controlling stakes in Chinese banks.
Risk Watch: Securities Regulator Sets up Supervision Committee
◎ Anti-corruption investigators have targeted members of the Issuance Examination Committee, the most powerful department in the CSRC, in recent years.
Risk Watch: China Ping An Bank Isn’t Safe
◎ The break out of debt defaulting among Chinese companies is one of the negative outcomes of China’s deteriorating economy.