Evergrande's liquidation will not pay off for foreign investors
Bondholders who took Chinese developer to court may get only emotional satisfaction
In the eyes of some observers, the liquidation of property developer China Evergrande Group will be a key test of whether Beijing respects the rights of foreign investors.
Russian Companies Face Payment Issues with Chinese Banks
The Kremlin has acknowledged a concerning development involving Russian companies encountering difficulties with Chinese banks. This revelation comes amidst reports of major Chinese financial institutions blocking payment settlements with Russian firms, raising questions about the stability of economic relations between the two nations.
China, notably a significant economic partner for Moscow, has played a pivotal role in sustaining Russia’s economy amidst ongoing Western sanctions, particularly those stemming from the conflict in Ukraine. Over recent years, trade between Russian and Chinese entities has flourished, driven primarily by robust energy and gas exports, marking a substantial increase in bilateral economic activity.
The Russian government is actively addressing the issue with China, recognizing the potential ramifications it may have on bilateral trade and economic cooperation. Reports from Vedomosti shed light on the severity of the situation, indicating that Zhejiang Chouzhou Commercial Bank has suspended all transactions with Russia, exacerbating the challenges faced by Russian businesses in conducting financial operations with their Chinese counterparts.
Maldives vows to boost defences after telling Indian troops to leave
New Maldivian President Mohamed Muizzu pledges to bolster the country's military to safeguard its extensive maritime territory, emphasizing the need for modern capabilities. The move follows the order for Indian troops to withdraw from the archipelago, signaling a shift away from Indian influence toward closer ties with China. Muizzu aims to enhance surveillance of the Exclusive Economic Zone, accusing India's coastguard of entering its waters. Tensions escalate as the Maldives refrains from extending a 2019 agreement with India and faces economic repercussions, including a call for a tourism boycott by Indian celebrities.
Xiang Yang Hong 3: Chinese ship's port call in Maldives fans India tensions
The expected arrival of a Chinese research ship in the Maldives this week has escalated tensions between Beijing, Delhi and Male.
Officially, the vessel Xiang Yang Hong 3 is there to "make a port call, for rotation of personnel and replenishment". In short, an entirely innocuous stop.
But that is not how it is being seen in Delhi. Instead, the ship's presence is at the very least a diplomatic snub. At worst, some fear, it could be a mission to collect data which could - at a later date - be used by the Chinese military in submarine operations.
The Chinese dragon is running out of steam
Boom years appear to be over as powerhouse struggles with bad loans and broken dreams
China’s big annual holiday, the lunar new year, falls this weekend and it may bring some cheer to the millions of migrant workers travelling home to their families that 2024 is the Year of the Dragon, traditionally an auspicious time to make money and have babies.
Not this year, though. The boom years seem to be over, overtaken by bad loans, bad demographics, bad local governance and broken dreams. Growth flags and the population is ageing. Hence critical question for outsiders. Have we reached Peak China?
Foreign Funded Lawfare Threatens American National Security
Effective regulations regarding the third-party funding of mass tort litigations must be implemented to combat the emerging threat of industrial espionage.
China’s 1% Is Watching the Other 99%
Technology has supercharged the country’s surveillance capabilities. But its spying prowess depends on more old-fashioned tools.
Over the past decade, the introduction of advanced surveillance technologies in China has given the Chinese Communist Party more power to spy on citizens than any regime in history. Western governments fear this techno-authoritarian model could spread as China sells its gear to developing countries around the world.
While vigilance is warranted, apocalyptic warnings about a world dominated by Chinese-style Big Brothers are overblown. China’s surveillance state is so powerful not because of technology, but because of the CCP’s unrivaled organizational presence and sophistication. That unique system can’t be exported as easily as cameras, sensors, and software.
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