Risk Watch: China’s State-owned Enterprise Debt Financing ‘Ponzi Scheme’

On July 24, China’s Ministry of Finance (MoF) released economic data for state-owned enterprises (SOEs) for the first half of 2018. In the statement accompanying the data, the MoF declared that SOEs performed well in H1 2018, and that “both solvency and profitability had improved over the same period last year.” On July 27, China’s …

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Risk Watch: China’s Industrial Profits Fell, Not Rose, Between January to May

Data published by China’s National Bureau of Statistics (NBS) indicates that industrial profits in the period of January to May 2018 rose by 16.5 percent from the previous year. Western media outlets described the industrial profits as “steady” and “solid.” We checked the NBS figures with those of the year before, and found that industrial …

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Are Cultural Exchanges Next in Trump’s Push to Get China to Play Fair?

By Don Tse and Larry Ong The Trump administration recently issued a flurry of moves to restore reciprocity in trade relations with China and safeguard national security. And unlike his predecessors, President Donald Trump has succeeded in pushing the Chinese Communist Party (CCP) to cooperate on the North Korean issue and commit to further liberalizing …

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