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Bill Bishop is the author of Sinocism)
On today's show Andrew and Bill begin with Xi Jinping’s trip to San Francisco and a likely meeting with President Biden next week. Topics include: A planned dinner with business leaders, why the PRC hasn’t yet confirmed the trip, modest goals for both sides, more ambitious concessions China and the US may seek. From there: Janet Yellen’s column in the Washington Post, the Wall Street Journal offers one calculation for foreign capital flight, and why changes at the as yet unscheduled Third Plenum may not allay investor anxiety. At the end: The detention of Zhang Hongli, a.k.a. Lee Zhang, in what appears to be another corruption investigation, warming relations between the PRC and Australia, and the pandas in Washington D.C. prepare for a long flight.
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PRC-Australia back on the "right path"; He Lifeng to DC; Investor detentions and foreign funds outflows; Vanke; Hydropower — Sinocism)
More state capital for key areas; Prepping for Xi in San Francisco; More real estate support likely; PLA; Huawei AI chips; BRI — Sinocism)
US Defense Chief Lloyd Austin Asks to Meet With China’s Still-Unnamed Counterpart — Bloomberg)
There’s a way for the U.S. to compete with China — and to work with China — Washington Post)
Foreign Firms Pull Billions in Earnings Out of China — Wall Street Journal)
Wang Xiangwei's Thought of the Day on China — Wang Xiangwei's Thought of the Day on China)
China Opens Corruption Probe Into Ex-ICBC Banker Zhang Hongli — Bloomberg)
Inside a Brazen Scheme to Woo China: Gifts, Golf and a $4,254 Wine — New York Times)
Private schools rethink China future after flunking growth test — Reuters)
Australian and Chinese leaders talk pandas and wine as ties improve despite disagreements — AP)
Here’s How the Pandas Are Getting From the National Zoo to China — Washingtonian)
The hidden power of China’s pandas — and why the U.S. is losing them all — Washington Post)
Surprise panda goodbye — Axios)
