Official Data, Other Signs Hint at Bad State of China’s Economy
China’s sole engine driving growth is losing steam.
BUSINESS
Risk Watch: China Fines 12 Banks Nearly $47 million for Fraud
◎ China’s financial and debt risks seriously threaten the political stability of the CCP regime.
Risk Watch: China’s Law and Security Apparatus Calls for ‘Vigorous’ Financial Risk Prevention
◎ The Xi administration considers financial affairs and risks to be a matter of national security.
Risk Watch: Decoding a Five-year, $11 Billion Ponzi Scheme
◎ The Qianbao and Ezubo scams expose the hidden risks in China’s financial sector.
Personnel Watch: Financial Officials Become Vice Mayors in Beijing, Tianjin, Shanghai
◎ The Xi leadership may want financial officials in local administrations who can better deal with economic problems and financial risks.
Risk Watch: Shanghai Pudong Development Bank Branch Fined $72 Million
◎ The Shanghai Pudong Development Bank case is very likely only the tip of the iceberg of China’s financial sector woes.
Risk Watch: Decoding China Banking Regulator Guo Shuqing’s Media Interview
◎ China’s financial system is currently vulnerable to risks, and faces the threat of “gray rhinos” and “black swans.”
Risk Watch: China’s Banking Regulator Issues $8.7 Million Worth of Fine Tickets in a Fortnight
◎ In the first two weeks of 2018, 13 China Bank Regulatory Commission provincial branches and sub-bureaus issued 76 violation tickets to various financial institutions.
Risk Watch: How to Read China’s Crackdown on Cryptocurrency Trading
◎ Beijing’s clampdown on cryptocurrency could foreshadow the rolling out of a government-backed cryptocurrency.
Risk Watch: What it Means When Two Chinese Provinces Admit to Faking Data
◎ In the first two weeks of 2018, the local administrations of Inner Mongolia and Tianjin confessed to having previously faked economic data.