https://www.scmp.com/rss/507529/feed Joshua Levy is currently a James C. Gaither Junior Fellow with the Carnegie Endowment of International Peace’s Asia Programme. He is a graduate of Georgetown University's Edmund A. Walsh School of Foreign Service where he studied International Political Economy and Mathematics. He currently resides in Washington, D.C. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Some months ago, panic was beginning to set in as Chinese bond defaults surged. Since then, investor nerves have steadied, but a crisis has not been totally averted. The defaults of state-owned enterprises (SOEs) and local government financing vehicles (LGFVs) are stories about debt. But the usual debt statistics conceal far deeper fiscal problems than the typical banking vulnerabilities in other economies. On the face of it, China’s debt statistics offer a mixed picture in terms of risks.... https://www.scmp.com/comment/opinion/article/3134853/chinas-local-government-debt-may-not-cause-financial-crisis-it?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3134853/chinas-local-government-debt-may-not-cause-financial-crisis-it?utm_source=rss_feed Thu, 27 May 2021 19:30:06 +0000 “It is time that other countries saw through the outrageous farce … and joined hands to oppose such blatant robberies and maintain a fair global business environment.” “These forms of state-sponsored forced technology transfer are truly a devil’s bargain.” A casual observer could be forgiven for thinking that China and the United States disagree on everything these days: from how to confront a global pandemic to Hong Kong’s status. So some may be surprised to learn that the former quote was... https://www.scmp.com/comment/opinion/article/3105716/forcing-tiktok-sale-us-taking-page-out-chinas-playbook?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3105716/forcing-tiktok-sale-us-taking-page-out-chinas-playbook?utm_source=rss_feed Sun, 18 Oct 2020 17:00:09 +0000