US-China Tariff Pause Brings Scant Relief for Beijing
Beijing’s ability to make economic concessions to Washington is likely limited by its need to maintain the Communist Party’s power and stability.
BUSINESS

Risk Watch: Capital Chain Breaks for $700 Million Land Project in Nanjing
◎ The Qilin New Town development is the first “land king” to have stalled due to a lack of funding.

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.
