Rating agencies have further downgraded the credit rating of troubled Chinese housing giant Evergrande after the company disclosed the full extent of its financial problems. An expert has warned that a default could send shocks through the country’s property and banking industry. On Sept. 15, U.S. rating agency S&P further downgraded Evergrande from “CCC” to…
Evergrande Credit Rating Downgraded Again, Default Could Send Shocks Through China
September 16, 2021
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A Take on Recent Money Flows Into China
Commentary Foreign direct investment (FDI) into China has picked up markedly in this post-pandemic environment. It has even surpassed foreign investment into the United States, a fact over which the American media has made much. Because most media coverage has used this information to continue its silly practice of turning everything about economics—about everything—into something…
Cut Off the Blood Supply to China’s Communist Party: End Trade
Commentary “I want to be clear on this, our goal is not to hold China back,” said U.S. Secretary of State Antony Blinken in a June 25 interview with Anne Claire Coudray of TF1. “It is not to establish a policy against China.” Really? The Chinese regime spread a disease that has at last count killed 604,000 Americans; last…
Fact Check: China Didn’t Actually Lift 100 Million Out of Poverty Since 2014
Commentary China’s dictator, Xi Jinping, loves to brag about how the Chinese Communist Party (CCP) lifted 100 million people out of poverty since 2012, when he took office. The CCP in general boasts of lifting 800 million from poverty since 1990. It typically pluses up the numbers, conveniently leaves out the tens of millions who…
Expert Envisions Regime Change, Democracy in China With International Help
Roger Garside, a noted China expert and British former diplomat who was stationed in Beijing during and after the reign of Mao Zedong, discussed his vision on Monday for democracy in China in an event hosted by the Hoover Institution at Stanford University. Garside, author of “China Coup: The Great Leap to Freedom,” which was…
China Recovery Stalls
Commentary One of the key pillars of the consensus bullish view about 2021 is the Chinese recovery, supported by optimistic estimates of growth in services and exports. The details in the official February Purchasing Managers’ Index (PMI) show a different picture. It seems that the data for the Chinese economy, especially in services and exports,…
Chinese Regime Worried that the Northeast Will Erupt in Protest Due to Economic Stagnation: Insider
As people in northeastern China grow increasingly dissatisfied with the central government’s neglect of the region’s economic development, authorities are worried that mass protests could soon break out, according to an insider. The insider, who requested anonymity in order to speak freely, formerly worked for a senior official at the Chinese Communist Party’s United Front…
What Is the True State of China’s Economy?
Commentary Different opinions are being expressed about the state of China’s economy. Recent remarks by Chinese premier Li Keqiang can provide a clue about its true state. Li gave a talk about the bankruptcy of micro, small, and medium-sized enterprises during a State Council executive meeting on Feb. 3. Then, on the 7th, he traveled…
China Insider: Ant Group Subjected to CCP’s Financial Regulation
January 7, 2021
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AlibabaAnt Grouparbitrage violationCCPChinaChina InsiderChinese Communist PartyChinese economyChinese Regimecollapsee-commercefinanceJack MaMYbankNews VideosPan GongshengsupervisionThe central bank of the CCPVideoZhang Jindong
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Ant Group, a subsidiary of China’s e-commerce giant Alibaba, has recently been repeatedly summoned to a meeting with the four major financial regulators of the Chinese Communist Party (CCP). The central bank of the CCP has also come forward to accuse Ant Group of arbitrage violations and asked the group to rectify them. The central…
China’s Securities Regulator Aims to Channel People’s Savings Into Public Funds
December 30, 2020
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The China Securities Regulatory Commission (CSRC) convened on Dec. 22 to address the challenges of the capital market for the year 2021. The authorities emphasized the importance of investing in public funds to spur economic growth and urged financial institutions to increase public equity funds by transforming household savings into investments. Chinese state media Securities…
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