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: China’s State-owned Enterprise Debt Financing ‘Ponzi Scheme’
◎ SOEs cannot pay interest on their financing liabilities even if they are granted very favorable interest rates, let alone pay principle.

Risk Watch: China’s Industrial Firms’ Profits Fell, Not Grew, in H1 2018
◎ China’s industrial firms’ profits actually fell 6.8 percent in the first quarter of the year.

Risk Watch: PBoC 502 Bln Yuan Injection Cannot Band-Aid China’s Economic Woes
◎ The central bank’s injections suggest that it does not have enough collateral to print money.

Risk Watch: China’s Local Debt ‘Iceberg’ Emits ‘Cracking Sounds’
◎ Based on our estimate, implicit debt in some cities and counties was three to four times higher that of their public debt.

Risk Watch: Does China Have Ammo for a Trade War?
◎ The Sino-U.S. trade war is underway. And China lacks “ammunition.”

Risk Watch: Can China’s New Negative List Help Defuse Trade Dispute with America?
◎ There are two reasons why the Xi administration appears to be motivated to open up China’s economy.

Risk Watch: China’s Industrial Profits Fell, Not Rose, Between January to May
◎ Industrial profits had in fact fallen 6 percent year-on-year.

Risk Watch: Official Data Shows China’s Economy Worsened in May
◎ NBS data actually indicates that China’s economy is worsening all-round.

Risk Watch: China’s National Property Database Aimed at Property Tax Collection, Curbing Corruption
◎ A national database could be used to facilitate the investigation of corrupt officials.
