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.

https://www.news.com.au/finance/economy/world-economy/chinas-plan-for-15-trillion-belt-and-road-empire-left-in-tatters-by-coronavirus-pandemic/news-story/107ecb10835932ec04c09bc68b75c6fc

Global consensus can sway China

https://www.afr.com/policy/foreign-affairs/global-consensus-can-sway-china-20200521-p54v9w

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

https://www.scmp.com/business/banking-finance/article/3084659/bankruptcy-case-casts-doubt-us96-billion-offshore-chinese?fbclid=IwAR2J0e5-jAawxwVqCFCl7vH0ReQw3rMJADDQ26jKpH9nhyXvQMX06vXsJls

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

https://www.timesofisrael.com/criminality-and-corruption-reign-in-xi-pings-china/

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

https://amp-scmp-com.cdn.ampproject.org/c/s/amp.scmp.com/economy/china-economy/article/3085562/coronavirus-backlash-adds-trade-war-and-decoupling-pressure

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

https://swarajyamag.com/ideas/china-is-an-abrahamic-power-without-a-moral-compass-it-cannot-succeed

Categories: China Update

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