Xi Jinping’s new leadership team will maintain the current direction.
And China’s GDP will slow; the Chinese economy is unlikely to reach that of the US by 2060, if ever.

Xi Jinping’s new leadership team will maintain the current direction.
And China’s GDP will slow; the Chinese economy is unlikely to reach that of the US by 2060, if ever.
Lot of rumors during the weekend of a major bank going bust in a new Lehman instant. The fingers are pointing at Credit Suisse.
Indeed the bank’s CDS is high and its stock price is low. But are we at bankruptcy level yet? The Financial Times objects.
Ukraine’s military successes are causing quite a stir among its main opponents. Russia is facing protests and an exodus after mobilizing, Iranian women are protesting and China’s Xi Jinping would have been deposed.
The Axis of Authoritarians isn’t doing too well…
Russian economic statistics are not reliable anymore, but Yale academics have recalculated key metrics. The result is clear. The economic sanctions are crushing the Russian economy.
Based on that research, Foreign Policy journalists are debunking nine key propaganda myths about Russia’s economic strength.
Shimao Group, another large Chinese real estate developer, has followed Evergrande in bankruptcy after failing to make a bond payment.
The Chinese real estate bubble is bursting, and more pain will follow.
Putin’s blitzkrieg plans for a regime change have met an efficient defense. He lacks air superiority and his logistics are deficient. His panzers have stopped. Most cities are under Ukrainian control. Meanwhile, international sanctions are swifter and much heavier than expected. He has protesters at home.
Did he get into an expensive quagmire?
If Putin wanted peace, we would have it by now.
Instead…
The trumpets of a Ukrainian conflict are sounding loud and clear. War is at our doorstep.
Here is the situation update, the possible outcome and the likely impact.
China Evergrande Group has officially defaulted on $82 m of coupons.
Kaisa Group failed to repay a $400 m bond a few days before.
What happens now?
WSJ: The descent into default “is unlikely to cause much market turbulence.”
No doubt, a $300 bn default will be a walk in the park…???