(Preview) Five US-China (and Russia) Questions; Cabbage with Formaldehyde; The Continuing Tax Crackdown; Unitree Stock Down 45%
Notas del episodio
On today’s show Andrew and Bill begin with a series of questions on the US and China, including a look at the likely toothless threats implied by Trump’s “Economic D-Day” agenda, China’s role or lack thereof in a breakdown between the US and Canada, questions about the next four weeks and four months of the relationship, and, unrelated to the US, what to watch for as Xi heads to the SCO Summit where he could potentially meet Vladimir Putin. From there: A cabbage scandal in Hebei province and a longstanding concern among both PRC citizens and the party. At the end: How and why the central government is using tax crackdowns to cover local government shortfalls, four People’s Daily articles on the economy, a surprise plenary session of the CCDI, the founder of Evergrande is sentenced to life in prison, and thoughts on what the Party wants from the stock market as Unitree stock loses nearly half its value after an initial IPO pop.
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Bill Bishop is the author of Sinocism
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Scott Bessent threatens Iran’s economic partners with more sanctions — Financial Times
US Eyes China Overcapacity Tariffs of 7.5% Before Xi Visits — Bloomberg
State Dept. Declares U.S. Citizen in China Wrongfully Detained — The New York Times
South Korea Tightens China Cabbage Inspections After Formaldehyde Scandal — Bloomberg
Vegetable Traders Spray Cabbages with Formaldehyde Solution to Keep Them Fresh; Practice Reportedly Used for Three or Four Years — Xinhua
Xi’s Unprecedented Tax Clawback Hammers Chinese Listed Firms — Bloomberg
China Sentences Evergrande Founder to Life in Prison — The New York Times
China robot maker Unitree’s post-listing slump sparks bubble fears — Reuters