China sends finance experts to tackle regions’ debts
China sends finance experts to tackle regions’ debts – https://on.ft.com/47sWZPA via @FT
Declaration of Dollar Death is Premature
https://finance.yahoo.com/amphtml/news/dollarization-started-odds-chinas-yuan-020938603.html
Crypto crashes
China regulation of crypto crushes the market. And with the Colonial Pipeline attack highlighting the role of crypto in ransonware, further regulatory risk will hang over the market. As a $2T market, crypto can’t be dismissed, but those who think crypto is the best hedge against fiat currencies may have second thoughts. And as I’ve …
NYTimes: Local Officials in China Hid Coronavirus Dangers From Beijing, U.S. Agencies Find
US intelligence concensus adds more nuance of China’s role in the Covid19 outbreak. Far from being a top down Beijing controlled conspiracy of silence, it was in fact local officials shielding information from Beijing Local Officials in China Hid Coronavirus Dangers From Beijing, U.S. Agencies Find https://nyti.ms/2EbxVnr
Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen – The Wall Street Journal.
Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen https://www.wsj.com/articles/heavy-debt-begins-to-crush-chinas-corporate-giants-including-the-jewelry-queen-11562597217
China’s middle class hit by shadow banking defaults
China’s middle class hit by shadow banking defaults The tip of the spear. https://www.ft.com/content/c55901f0-ff7d-11e8-aebf-99e208d3e521 via @FT