Commentary Evergrande’s troubles cannot help but bring up memories of the global financial crises of 2008-09. Thirteen years ago, first in the United States and then in the western world generally, company failures led to fears of more failures, fears that eventually interrupted normal financial dealing, threatened economies, and forced governments and central banks to…
The Evergrande Tangle: Danger in Every Direction and a Harbinger of More to Come
Beijing Manipulates Hong Kong’s ‘Democracy’
September 21, 2021
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AnalysisAsia & PacificChinaChinese Regimedestruction of democracyHong KongOpinionsham electionThinking About ChinaWorld
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Analysis News of a sham election in Hong Kong indicates the deterioration of democracy in the world’s fragrant harbor, and China’s dumping of pro-tycoon candidates that it no longer needs. Beijing used to use the tycoons as a counterbalance against pro-democracy candidates, but now that it rejiggered “elections” in its favor, all but one of…
What Evergrande’s Troubles Reveal About China’s Real Estate Industry and Economy
Commentary The news of the financial crisis of real estate giant Evergrande Group is a shock to China’s consumers. Its shares took a serial decline in the Hong Kong stock market. Consequently, it drew the attention of Wall Street investors. How long can Evergrande last? Is it the beginning of China’s real estate industry slipping…
Details in Michael Sussmann’s Indictment Reveal Conspiracy Against Trump
News Analysis On Sept. 17, former Perkins Coie partner and Clinton campaign lawyer Michael Sussmann was arraigned on a single-count charge of lying to the FBI. The charge stems from special counsel John Durham’s investigation into the origins of the Russia probe that plagued the presidency of Donald Trump. The indictment of Sussmann, a cybersecurity specialist,…
Science Shaky on School Mask Mandates While Harms Ignored
September 18, 2021
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AMERICAAnalysisCCP VirusCDCCensorship & Socialismconstitutional rightsCOVID-19Featured Topicsmask mandatesOpinionScienceScience NewsUSUS News
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News Analysis Should children be required to wear masks at school? A review of the costs and benefits, including some of the latest science, does not add much to the case for mandating school masks. First, some basics. The risk of death from COVID-19 among schoolchildren is very, very low. How Low? A Nature study…
Evergrande Default Could Rock China’s Entire Economy
September 16, 2021
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AnalysisBusiness & EconomyChinaChina Business & EconomyChina debt marketChina Evergrande GroupChina Huarong Asset ManagementCompaniesdefault on paymentsOpinionThinking About China
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Analysis China’s public debt already stands at 270 percent of GDP, and non-performing loans have hit $466.9 billion. In addition to existing economic challenges, real estate giant Evergrande Group has signaled that it may default on payments owed to creditors. China’s second largest developer has been facing a liquidity crisis as its onshore bond trading…
China’s Sovereign Cryptocurrency: A Pipe Dream or a Draconian Movement Toward Totalitarianism?
Analysis A number of articles have claimed that China is the first country to launch a sovereign cryptocurrency, but this is not exactly true. Money has three uses: as a medium of exchange, a store of value, and a unit of accounts. If an asset cannot be used to make purchases, stored in a savings…
Bin Laden’s Former Right-Hand Man Has Resurfaced. Does It Matter?
September 15, 2021
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Al Qaedaal-Qaida affiliate in SyriaAnalysisInternationalISISMiddle EastNational SecurityOpinionOsama bin LadenUSWorldZawahiri
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News Analysis A recently released video suggests that al-Qaeda leader Ayman al-Zawahiri may still be alive. Some national security experts have downplayed this due to Zawahiri’s apparent lack of charisma and leadership abilities, but others have pointed out that al-Qaeda has flourished—even garnering U.S. support in some conflicts—over the last decade under Osama bin Laden’s former…
‘Xiconomics’ Is a Myth, but It Allows Xi Jinping to Further Consolidate Power
September 14, 2021
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AnalysisChinaChina Business & Economychina economic slowdownChinese RegimeOpinionThinking About ChinaXi Jinping ThoughtXiconomics
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Analysis During China’s Cultural Revolution, it was mandatory for citizens to not only read the “Little Red Book” of Mao Zedong, but to carry it with them at all times. Similarly, “Xi Jinping Thought” on socialism with Chinese characteristics is now mandatory for all elementary and secondary school students. “Xi Thought” is also taught at learning…
Tariffs Protect US Industries From China
September 11, 2021
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AnalysisChinaChina Business & EconomyChina economic sanctionsChina tariffsOpinionThinking About ChinaUS-China relationsUS-China trade deficit
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Analysis The Trump-era tariffs should remain in place until China refrains from engaging in unfair trade practices. The U.S. trade deficit with China stands at slightly more than $187 billion so far this year. Since Biden took office in January, the trade deficit increased by 46.4 percent compared to the same period in 2020. So…
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