Politics Watch: China’s Finance Ministry and Central Bank Clash as Economy Worsens

◎ The exchange between the finance ministry and central bank exposes deeply-rooted institutional problems in the Chinese regime.

Read morePolitics Watch: China’s Finance Ministry and Central Bank Clash as Economy Worsens

Risk Watch: China’s Local Debt ‘Iceberg’ Emits ‘Cracking Sounds’

◎ Based on our estimate, implicit debt in some cities and counties was three to four times higher that of their public debt.

Read moreRisk Watch: China’s Local Debt ‘Iceberg’ Emits ‘Cracking Sounds’