Welcome to the 191st edition of Trade War.
Before we move to the week’s China news, first, from me—whether you celebrate or not—happy hotpot Thanksgiving!
On to the news ~
“Severely insolvent” investment firm Zhongzhi has at least $31 billion in debt. Beijing draws up list of 50 property developers deemed worthy of financial support. China facing serious employment challenges not reflected in official figures. And noted Chinese economist expresses puzzlement at policymakers inability to address economic challenges.
WHO asked Beijing for information on child flu outbreak in northern China. Direct flights between China and US expanding and Beijing offers visa-free travel to six countries. English skills drop precipitously. And a global poll shows most Chinese believe it is likely that the US and China will fall into armed conflict over Taiwan within five years.
Just as fast as they united, Taiwan’s opposition parties split. China’s best export days are over. Chinese flood across the Mexican border seeking American citizenship. And former defense secretary Robert Gates says US policymakers erred in thinking a richer China would become a freer China.
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