Local govts erode CCP creditworthiness with SOE defaults; State Dept releases a China policy blueprint

     SinoInsight  1      Chinese companies, including state-owned enterprises, have recently begun defaulting on their debts one after the other, a worrisome phenomenon for investors. Nov. 13 1. Lou Jiwei, a member of the Standing Committee of the Chinese People’s Political Consultative Conference and former finance minister, said at the 11th Caixin Summit in Beijing …

Read moreLocal govts erode CCP creditworthiness with SOE defaults; State Dept releases a China policy blueprint

To access this post, please log in.

Default of ‘AAA’-rated SOE spooks markets; the dangers of US presidential election information silos

SinoInsight  1 On Nov. 10, Yongcheng Coal & Electricity Holding Group Co, a state-owned enterprise in Henan Province, defaulted on a 1 billion yuan ($151 million) bond. Yongcheng said it failed to make principal and interest payments worth 1.032 billion yuan on the ultra-short bond.  On Nov. 11, two other Yongcheng bonds saw their price …

Read moreDefault of ‘AAA’-rated SOE spooks markets; the dangers of US presidential election information silos

To access this post, please log in.

China issues anti-monopoly rules; emergence of two political ‘centers’ in the US leaves room for the CCP to exploit

SinoInsight  1   On Nov. 10, the PRC State Administration for Market Regulation (SAMR) issued new draft anti-monopoly rules for outline platforms in China. Big tech companies like Alibaba, Tencent, JD.com, Meituan, Pinduoduo, etc. stand to be targeted for abusing market dominance to restrict sales on competing platforms, unfair pricing, and other monopolistic practices. SAMR also …

Read moreChina issues anti-monopoly rules; emergence of two political ‘centers’ in the US leaves room for the CCP to exploit

To access this post, please log in.

US elections outcome uncertainty and China; PBoC financial stability report affirms systemic risks and debt issues

SinoInsight  1   On Nov. 7, the Associated Press and other American mainstream news outlets declared Joe Biden the winner of the 2020 U.S. presidential election. Biden and his running mate Kamala Harris subsequently delivered victory speeches in Wilmington, Delaware. Several world leaders have congratulated Biden, including Canada, Germany, France, India, Taiwan, and the United Kingdom. …

Read moreUS elections outcome uncertainty and China; PBoC financial stability report affirms systemic risks and debt issues

To access this post, please log in.

Did Xi claim the ‘helmsman’ title at the 5th Plenum; another official is purged for reading up on CCP elite politics

SinoInsight  1   On Oct. 29, the Central Commission for Discipline Inspection announced the investigation of Chen Zehun, the former executive deputy mayor of Hunan’s Changsha municipal government and Standing Committee member of the Changsha Municipal Party Committee. Chen was charged with “violating political discipline,” “possessing books and magazines from abroad that contain serious political issues,” …

Read moreDid Xi claim the ‘helmsman’ title at the 5th Plenum; another official is purged for reading up on CCP elite politics

To access this post, please log in.

SOE defaults, declining bank profits raise questions about China’s economic ‘recovery’; price hikes reflect food shortages

SinoInsight  1   Oct. 23 1. Mainland media reported that a private placement bond issued by Shenyang Shengjing Energy Development Group was deemed to have matured recently owing to the company filing for bankruptcy. The bond, “18 Shengongyong PPN001,” was issued in August 2018 at a value of 80 million yuan, a coupon rate of 7 …

Read moreSOE defaults, declining bank profits raise questions about China’s economic ‘recovery’; price hikes reflect food shortages

To access this post, please log in.

Analyzing Fifth Plenum and pre-Fifth Plenum personnel reshuffles

SinoInsight  1      At 5:33 p.m. Beijing time on Oct. 29, PRC state media Xinhua released the official communique for the Fifth Plenum of the CCP’s 19th Central Committee. Several hours later, Xinhua’s Fifth Plenum web page only showed the communique plus four articles (reporting and commentary) on the recently concluded plenary session, with the …

Read moreAnalyzing Fifth Plenum and pre-Fifth Plenum personnel reshuffles

To access this post, please log in.

What to expect at the Fifth Plenum; the CCP again covers up COVID outbreaks

SinoInsight  1   The CCP’s 19th Central Committee has slated its fifth plenary session from Oct. 26 to Oct. 29. State media reports say that the Fifth Plenum will focus on the CCP’s 14th Five-Year Plan revolving around a so-called “dual circulation” model (“domestic circulation” as the “main body,” with “international circulation” in support). The Fifth …

Read moreWhat to expect at the Fifth Plenum; the CCP again covers up COVID outbreaks

To access this post, please log in.

Fraudulent Q3 data debunks China ‘economic recovery’ myth; the CCP isn’t preparing to invade Taiwan

SinoInsight  1   The PRC National Bureau of Statistics (NBS) recently released China’s economic data for the third quarter of 2020. Most of the data reflect economic recovery in China, a point that CCP propaganda outlets highlight. U.S. and international media are also pushing the narrative that China is bringing the coronavirus “under control” and seeing …

Read moreFraudulent Q3 data debunks China ‘economic recovery’ myth; the CCP isn’t preparing to invade Taiwan

To access this post, please log in.

Examining indirect indicators of regime crisis; the CCP looks to punish Australia

SinoInsight  1 On Oct. 12, former CCP Central Party School professor Cai Xia tweeted that the recent trend of jointly appointing town vice mayors as town police chiefs in China is really a “reform” aimed at bolstering the public security apparatus (“it is actually the town police chiefs that are becoming town vice mayors”). Cai …

Read moreExamining indirect indicators of regime crisis; the CCP looks to punish Australia

To access this post, please log in.