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LATEST INSIGHTS
China’s Recovery Faces Off Against Lagging Consumption, Tightening Credit
Derek Scissors joins Bloomberg Radio to discuss potential headwinds to 2021 growth
@ChinaBeigeBook
Smaller European countries shutting China out of their economies & putting them at odds with France & Germany https://www.wsj.com/articles/china-faces-european-obstacles-as-some-countries-heed-u-s-pressure-11614088843?reflink=desktopwebshare_twitter Estonia, Latvia, Lithuania, Romania, Bulgaria & Slovenia sent ministers (vice leaders) to Beijing; still, PRC claimed successful leaders' meeting
SMIC invests 50 billion yuan in Beijing to build a wafer fab, estimated completion in 2024 https://www.leiphone.com/news/202102/DOghAnp6kmD53xNp.html
"#Schroders, w/$649B AUM, follows #Amundi, Europe’s largest asset manager, which won approval for 1st foreign-controlled wealth mgmt JV in 🇨🇳in Dec '19...In Aug CBIRC approved 2nd foreign-controlled JV bt #BlackRock, #Temasek & China Construction Bank"
https://www.caixinglobal.com/2021-02-23/china-greenlights-third-foreign-controlled-wealth-management-venture-101666306.html
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China Beige Book provides institutional investors and corporate decision-makers with market leading insights derived directly from our nationwide proprietary data on the Chinese economy.
CBB IN THE News
Trump approves TikTok deal with Oracle, WalMart
Leland Miller calls the new TikTok deal “icky” and thinks giving Oracle a stake in the business is a dicey proposition.