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Tag Archives: beijing
China Coronavirus Outbreak Spreads; Hundreds Infected As Human-To-Human Transmission Confirmed
China Coronavirus Outbreak Spreads; Hundreds Infected As Human-To-Human Transmission Confirmed Health officials in Wuhan, China reported 139 new cases of a new mystery virus over the weekend, now rapidly spreading to other provinces and surrounding countries, reported CNN. As of Monday morning, three people have died from the pneumonia-like illness, and globally there have been more than […]
China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise
China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise Something is seriously starting to break in China’s financial system. Three days after we described the self-destructive doom loop that is tearing apart China’s smaller banks, where a second bank run took place in just two weeks – an unprecedented event for a country where until […]
China’s Credit Creation Unexpectedly Collapses At The Worst Possible Time
China’s Credit Creation Unexpectedly Collapses At The Worst Possible Time Over the weekend, we observed that China’s slumping wholesale inflation, or PPI, which is so critical for corporate profits and sparking benign, demand-driven inflation in the economy, and which in October tumbled to a three year low assuring that Chinese dumping and exports of deflation will only further […]
Beijing To Link Facial Recognition System With Social Credit Score In New Metro Security Checks
Beijing To Link Facial Recognition System With Social Credit Score In New Metro Security Checks Officials in Beijing will combine the country’s state-of-the-art facial recognition technology with a version of their controversial ‘credit system’ to speed up security checks in the city’s overcrowded metro system, according to HKFP. Long queues and commuters arguing with staff over […]
Chinese Bank On Verge Of Collapse After Sudden Bank Run
Chinese Bank On Verge Of Collapse After Sudden Bank Run First it was Baoshang Bank , then it was Bank of Jinzhou, then, two months ago, China’s Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized. Today, a fourth prominent Chinese bank was on the verge of collapse under the weight […]
Hong King Kong
Hong King Kong Of course the notion of addressing Hong Kong has been in my mind for a while, but it’s a bit of a moving target: things change all the time, and seemingly on the fly. However, with today’s fresh developments, it seems silly to wait any longer. Hong Kong Civic party lawmaker Dennis Kwok yesterday […]
Chinese Bank With $100 Billion In Assets Is About To Collapse
Chinese Bank With $100 Billion In Assets Is About To Collapse While the western world (and much of the eastern) has been preoccupied with predicting the consequences of Trump’s accelerating global trade/tech war and whether the Fed will launch QE before or after it sends rates back to zero, Beijing has quietly had its hands […]
China Hit By “Significant Banking Stress” As SHIBOR Plummets To Recession Levels
China Hit By “Significant Banking Stress” As SHIBOR Plummets To Recession Levels It’s probably not a coincidence that just days after we reported that China’s interbank market was freezing up in the aftermath of the Baoshang Bank collapse and subsequent seizure, which led to a surge in interbank repo rates and a spike in Negotiable Certificates of […]
Beijing “Seriously Considering” Rare-Earth Export Ban
Beijing “Seriously Considering” Rare-Earth Export Ban Following what was a mostly quiet holiday weekend for trade-war-related rhetoric (other than a dollop of trade-deal optimism offer by President Trump, little was said by either side), Beijing has started the holiday-shortened week by reiterating threats to embrace what we have described as a ‘nuclear’ option: restricting exports of rare earth […]
“A Big Wake Up Call”: Chinese Bond Market Roiled By First Ever Bank Failure
“A Big Wake Up Call”: Chinese Bond Market Roiled By First Ever Bank Failure Late last Friday, we reported that several hours after the market close, China’s financial regulator and central bank made a shocking announcement: for the first time in nearly 30 year, China would take control of a bank, in this case the troubled inner […]
The road to modern wars
The road to modern wars President Trump pursues a policy combining military threat with economic warfare and his aim is to restore American hegemony especially in view of the rising contender: China. Beijing has been acquiring technological knowledge and started expanding beyond the borders, having easier access to Central Asia and the Pacific than Americans. […]
On Hostile Coexistence with China
On Hostile Coexistence with China President Trump’s trade war with China has quickly metastasized into every other domain of Sino-American relations. Washington is now trying to dismantle China’s interdependence with the American economy, curb its role in global governance, counter its foreign investments, cripple its companies, block its technological advance, punish its many deviations from […]
“China’s JPMorgan” Seeks Money From Its Employees To Avoid Collapse
“China’s JPMorgan” Seeks Money From Its Employees To Avoid Collapse Ever since Beijing allowed private Chinese companies (even certain state-owned enterprises) to officially fail for the first time in 2015, and file for bankruptcy to restructure their unsustainable debt loads, it’s been a one-way street of corporate bankruptcies, one which we profiled last June in […]
