Geopolitics Watch: In Canceling North Korea Summit, Trump Gets Two Birds With One Stone

On May 24, United States President Donald Trump scrapped a planned summit with North Korean leader Kim Jong Un in Singapore. SinoInsider analyzed earlier that the Sino-U.S. trade negotiations are tied with North Korean denuclearization and peace talks. We believe that Trump’s move to call off the June 12 Singapore summit is ultimately aimed at …

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Politics Watch: After Sino-US Trade Talks, China Announces Plans to Open Up Telecom, Financial, Legal Services

On May 23, Chinese premier Li Keqiang presided over a State Council executive meeting where the prioritizing of service imports to China was on the agenda. According to the meeting resolution: 1. A “pilot program will be rolled out in 17 areas, including Beijing, Shanghai and Shenzhen, from July 1, 2018, to June 30, 2020, …

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Risk Watch: China Central Bank-backed Media Signals Severe Debt Crisis

China’s Financial News published an article on May 22 titled, “‘Breach of Contract’ Force Reshaping of Bond Market Rules,” that commented on the recent cover-up of contract breaches in China. The article noted that “breaching contracts has become a trend in China’s bond markets,” and that the phenomenon is a “mandatory lesson” for businesses in …

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Geopolitics Watch: Who Won the China-US Trade War?

China and the United States are split on which side has the upper hand in the wake of Sino-U.S. trade talks in Washington. Western media outlets and scholars have nearly unanimous in the assessing that America has not won anything, and has, in fact, “lost” the trade discussions with China. Scholars and journalists say that …

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Geopolitics Watch: With the Trade War ‘On Hold’, What’s Next for China, US?

Following the conclusion of recent trade discussions between China and the United States, leading negotiators from both countries have separately announced that the looming Sino-U.S. trade war is now “on hold,” and that both sides have reached a consensus on trade. The White House also released a joint statement on the Washington trade talks on …

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Risk Watch: Rising Property Prices in Chinese Cities Expose Central-Local Policy Contradictions

On May 16, China’s National Bureau of Statistics released data on the changes in the sales price of commercial housing in 70 large and medium-sized cities in April. According to the data, housing prices in 58 of the 70 cities saw an increase month-on-month. Prices of second-hand homes in 59 cities also rose from the …

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Geopolitics Watch: Why is North Korea Canceling South Korean Talks, Threatening Trump-Kim Summit?

On May 16, North Korean state media KCNA said that North Korea is suspending high-level talks with South Korea scheduled for the day in light of a joint military exercise between the United States and South Korea. KCNA claimed that the military drills, known as Max Thunder, was a “flagrant challenge” to the Panmunjom Declaration, …

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Politics Watch: Wang Qishan Gets New Foreign Affairs Role Amid Sino-US Trade Tensions

The Chinese Communist Party’s Foreign Affairs Commission held its first meeting on May 15. State media reported that Xi Jinping heads the new commission while Chinese premier Li Keqiang is deputy head. Chinese vice president Wang Qishan is the third-ranking member of the Foreign Affairs Commission. Politburo Standing Committee members Wang Huning and Han Zheng …

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Geopolitics Watch: Reading Trump’s ZTE Tweet, Sino-US Trade, and North Korea

President Donald Trump’s May 13 tweet about working with Chinese leader Xi Jinping to help ZTE find “a way to get back into business, fast” raised many eyebrows. (See our earlier article for more on the ZTE ban.) SinoInsider, however, has been anticipating a U.S. reprieve since the conclusion of the Sino-U.S. trade talks in …

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Risk Watch: Has China’s 2018 Bond Default Tsunami Arrived?

With many Chinese bonds reaching maturity date this year and Sino-U.S. trade tensions persisting, a corporate debt crisis could be on the horizon in China. Since the start of 2018, 17 Chinese bonds have defaulted. Ten of the bond issuers were listed companies, and the total amount involved was 14.56 billion yuan ($2.30 billion). The …

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