Scrambles

Hong Kong Imposes Unprecedented COVID Lockdown As China Scrambles To Protect Beijing

In the first sign of confirmation that the current COVID resurgence taking place in northeastern China might be more widespread than the Chinese state (and its attendant party-controlled press organs) have been letting on, the city of Hong Kong on Friday just announced its first-ever lockdown, a measure that is reminiscent of the harsher measures…

Taiwan Scrambles Jets & Warships As China Aircraft Carrier Shandong Sails Through Strait

Just a day after the Chinese PLA Navy trailed a US warship through the contested waters of the Taiwan Strait, alarms have been further raised in the region given China just sent its newest domestic-built aircraft carrier, the Shandong, through the strait on Sunday.  While it’s ostensibly for the purpose of “routine drills” in the…

China’s Financial Distress Floods Shadow Banks As Trust Giant Scrambles For Liquidity

The wave of financial distress flooding China’s corporate sector, which has seen a furious selloff in bonds following the unexpected default of several state-owned enterprises, is spilling over into a key financing conduit used by China’s giant shadow banking sector — the trust industry. As Caixin reports, Huaxin Trust Co. one of 68 companies licensed…