Media Report
- CNBC reports, "Unreported Chinese local government debt may amount to trillions of U.S. dollars, meaning the country's debt-to-GDP ratio has hit "alarming" levels, S&P Global Ratings said in a report released Tuesday. The analysts noted a large gap between reported investment in local infrastructure and funding, as permitted by central authorities. As a result, the actual level of off-balance sheet debt could be several times more than what is publicly disclosed and range as high as 30 trillion yuan to 40 trillion yuan, or about $4.34 trillion to $5.78 trillion, credit analysts Gloria Lu, Laura Li and their team said in the report."
- POLITICO reports, "Five years ago, China's Xi Jinping rocked the Communist Party establishment by pledging to let markets play a "decisive role" in decision making. Reformists rejoiced as President Xi signaled a revival of Deng Xiaoping's pro-capitalism revolution. Things haven't gone as planned. First, Xi slow-walked steps to reduce China's reliance on runaway credit, debt and an antiquated state sector. He prioritized short-term growth over long-term upgrades. And then Donald Trump came along to imperil both objectives."
- The New York Times reports, "Under mounting international criticism, China has given its most extensive defense yet of its sweeping campaign to detain and indoctrinate Muslims, with a senior official on Tuesday describing its network of camps in the far west as humane job-training centers. Rights groups, American lawmakers and a United Nations panel have assailed the "transformation through education" camps holding Uighurs and members of other Muslim minority groups in China's far northwestern Xinjiang region. Hundreds of thousands have been held in the camps — one estimate says a million — and former inmates who have fled abroad have described them as virtual prisons that engage in harsh brainwashing."
Calendar
- 2018-10-15 Blame the U.S. for the Weaker Chinese Currency
- 2018-10-14 'You tell me': China ambassador stumped on who aids Trump on trade
- 2018-10-12 China’s trade surplus with the U.S. hit a record $34.1 billion in September amid trade war
- 2018-10-11 The Trump administration is right to redefine relations with China
- 2018-10-10 In New Slap at China, U.S. Expands Power to Block Foreign Investments Image
- 2018-10-09 Interpol Chief Was China’s Pride. His Fall Exposes the Country’s Dark Side.
- 2018-10-07 China Acts to Shore Up Economy Amid Weight of Trade War
- 2018-10-05 China’s Small Farms Are Fading. The World May Benefit.
- 2018-10-04 US and China are at risk of a '10- or 20-year' economic cold war, former Fed governor Warsh says
- 2018-10-03 The U.S. and China are playing a dangerous game. What comes next?
News
- POLITICO How Trump's Trade War Is Driving China Nuts
- New York Times China Breaks Silence on Muslim Detention Camps, Calling Them 'Humane'
- CNBC $6 trillion of local government debt may be lurking under the surface in China
- Reuters Trade war cost: China's third quarter GDP growth seen hitting lowest since 2009 - Reuters poll
- Financial Times China faces 'debt iceberg' threat, warns rating agency
- The Washington Post Google really is trying to build a censored Chinese search engine, its CEO confirms
- CNBC A measure of China's inflation slows for third straight month in September
- Forbes Signs Of Trade-War Copper Stockpiling In China
- New York Times Chinese Internet Star Detained for 'Disrespectful' Version of National Anthem
- CNBC Even optimists are giving up hope of a quick resolution to the US-China trade war
- Wired Google CEO Says Tests of Censored Chinese Search Engine Turned Out Great
- Bloomberg China Cuts U.S. Treasury Holdings for Third Straight Month
Commentary
- Foreign Affairs Beijing's Nuclear Option
- The National Interest China's Answer to the F-16 and MiG-29: Why the World Still Fears the J-10 Fighter
- Bloomberg The Best Way Trump Can Squeeze China on Trade
- The Washington Post African countries have started to push back against Chinese development aid. Here's why.