China’s trade surplus has exploded while other “export-oriented” nations saw shrinking surpluses, or deficits, which could be problematic for trade relations.
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The two sides appear to have different understandings of how the papers will be accessed, as well as the role of Chinese regulators in the inspection process.
Beijing leveled corruption charges at and removed several key figures in China’s semiconductor industry. The charges are mostly related to the failure of Unigroup.
Chinese semiconductor companies will feel more pain from export controls the closer they get to producing chips of 7-nanometer and below.
The real estate sector is unlikely to rebound unless Beijing embarks on another round of mass replacement of substandard housing.
The PBOC delivered an unexpected policy rate cut to support the economy, as credit growth showed signs of fatigue.
The direct impact on bank asset quality is small, but it is denting confidence in the real estate market and badly damaging housing sales.
Xi has expanded China’s definition of national security and upgraded its national security regime to accommodate new challenges.
Beijing’s initial response to Nancy Pelosi’s Taiwan visit was more restrained than many expected, but military drills and political fallout will follow.
The call yielded no notable progress on Section 301 tariffs or US access to the audit reports of Chinese companies.