◎ Xi consolidating power is a vital prerequisite for the economic liberalization to happen.
◎ The CCP wouldn’t risk a “rare earth war.”
◎ China, and not the U.S., would be more severely affected by China’s soybean tariffs.
◎ Beijing is likely very clear that a trade war is unavoidable, and it can only seek to delay its start and find ways to lessen the blow.
◎ The focus on deleveraging to defuse risks suggests that Beijing expects the trade war with the U.S. to have a massive impact on China’s economy.
◎ China cannot stop importing soybeans from the U.S. for two reasons.
◎ China wants tech giants and “unicorns” to list in domestic markets to prevent a liquidity crunch that could trigger a debt crisis.
◎ Guo Shuqing’s new assignment affirms the logic behind our analysis of China’s financial sector reform and personnel reshuffle.
◎ We believe that Trump’s $60 billion tariffs are just the opening salvo. Expect harsher penalties to come.
◎ The appointment of Yi as PBoC president sends two key signals.
◎ On March 16, the CBRC issued a document soliciting views on guidelines for its governance of financial institution data.
◎ The Xi Jinping administration’s adoption of a CB2C model reveals three things about the overall situation in China.