Official Data, Other Signs Hint at Bad State of China’s Economy
China’s sole engine driving growth is losing steam.
BUSINESS
Risk Watch: Analyzing HNA’s Future Directions
◎ Whether or not HNA can survive its financial troubles will have a significant impact on China’s debt crisis.
Risk Watch: Banking Regulators Shift Supervision Focus From Businesses to Individuals
◎ The CBRC document further corroborates our post-19th Congress assessment that Xi Jinping will focus on cleaning up corruption in the financial sector.
Risk Watch: China Bond Defaults in 2018 Exceed $648 Million
◎ China’s debt crisis is very severe.
Decoding China’s Plan to Launch Crude Oil Futures
◎ The CCP is interested in expanding its economic influence to resolve domestic financial problems and challenge U.S. economic hegemony.
Risk Watch: 19 Banks Involved in 19 Billion Yuan Fake Gold Scandal
◎ The loan fraud scandal is revealing of the messy internal controls in China’s banking and financial sector.
Risk Watch: Chinese Financial Institutions Fined $142 Million in January 2018
◎ The CCP has noticeably ratcheted up its supervision of the financial sector in 2018.
Political Risk Watch: Anti-corruption Inspector Signals Purge of China’s Financial System
◎ Xu Jia’ai’s article signals Xi’s intend to clean up the financial sector and identifies lax supervision over financial institutions as the reason for China’s current economic troubles.
Risk Watch: China’s Ex-Finance Minister Warns of ‘Fairly Big’ Systemic Financial Risks
◎ Lou Jiwei’s assessment of China’s financial risks further affirms our pessimistic outlook on the Chinese economy.
Risk Watch: Why 21 Chinese Provinces Cut Growth Estimates in 2018
◎ Twenty-one provinces are projecting lower growth as compared to their real GDP growth for 2017.