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 Central Bank MLF Injection Lowers RMB Creditworthiness
◎ The renminbi devalued and property prices soared on three previous occasions when China resorted to irregular injection of liquidity.

Risk Watch: What Does China Energy Reserve Bond Default Signal?
◎ CERCG defaulting sends a different signal from the defaulting of private Chinese companies.

Risk Watch: Did China’s Industrial Profits Really Grow 15% in Early 2018?
◎ The Chinese regime has long had a problem with issuing fake statistical data.

Risk Watch: China Central Bank-backed Media Signals Severe Debt Crisis
◎ An article in Financial News suggests that China’s debt problem is very severe.

Risk Watch: Rising Property Prices in Chinese Cities Expose Central-Local Policy Contradictions
◎ Chinese markets may expect Beijing to drive property sales to boost the economy as a way to cope with a Sino-US trade war.

Risk Watch: Has China’s 2018 Bond Default Tsunami Arrived?
◎ A corporate debt crisis could be on the horizon in China.

Risk Watch: China Could Tighten Real Estate Control Policies
◎ We believe that many mainland Chinese are expecting Beijing to drive real estate sales to cope with a Sino-U.S. trade war.

Politics Watch: More Signs of Good Progress on Sino-US Trade Talks
◎ The telephone call between Mike Pompeo and Yang Jiechi corroborates our assessment of the Sino-U.S. trade talks and more.

Can China Withstand a Trade War? An Analysis of Provincial Finances
◎ An examination of the financial state of Chinese provincial in 2017 suggests that China cannot withstand a trade war.
