A fiscal silver bullet? Ending local government austerity with “asset revitalization”

Beijing just reached into its regulatory toolkit and pulled out a weapon it has never publicly used before – an obscure national security review mechanism that is blocking Meta's acquisition of Manus. Some context: Manus is a Chinese AI agent… Read More »

Beijing's anti-sanction toolkit just got two powerful new additions. Earlier this month, within a single week, the State Council released two regulations that sharply expand how Chinese authorities can push back against foreign sanctions, export controls, and extraterritorial enforcement: Regulations… Read More »

On the surface, China's economy looks fine.  GDP grew 5.0% y/y in Q1, faster than Q4’s 4.5% growth, and at the upper range of Beijing’s annual growth target of 4.5-5%. So China's economy has shrugged off the Iran war and… Read More »