China Update

China’s plan for $1.5 trillion Belt and Road empire left in tatters by coronavirus pandemic

China is now “facing its own worst nightmare” as its $1.5 trillion plan to exert influence around the world has been blown apart by the coronavirus.

Global consensus can sway China

Bankruptcy case casts doubt on US$96 billion of offshore Chinese bonds claims, puts pressure on financial products skirting capital controls

  • Peking University Founder Group restructuring casts doubt over validity of keepwell deeds
  • Around 16 per cent, or US$96 billion, of outstanding Chinese offshore bonds contain keepwell provisions: Redd

Xi Jinping’s China did this

The corrupt, criminal regime wasted 40 days blocking information while it crushed domestic dissent and ensured COVID-19 would become a global pandemic

Coronavirus backlash adds to trade war and decoupling pressure to fray China’s ties to global system

  • US-China trade war, coronavirus pandemic, decoupling and deglobalisation have soured the mood in Beijing towards the global economic system
  • Ahead of National People’s Congress, debate over China’s belligerent response to coronavirus pandemic was already under way in the capital

China Is An Abrahamic Power Without A Moral Compass; It Cannot Succeed

Categories: China Update

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