Thanks for your patience last week. The PRC is on holiday today and tomorrow for the Mid-Autumn Festival. The newsletter will be off tomorrow unless there is something interesting going on. Evergrande executives and its regulators are unlikely to be enjoying this holiday.
Why does it seem that Zhongnanhai is manipulating the entire China financial landscape so as to take over all that it can, operating like one capacious and rapacious private equity firm? Isn't the politboro paying itself well enough at this time?
I was shocked by pictures of Evergrande buildings being blown up- so many, such destruction, who will clean up, what next? any comments? almost surreal photos, but actually real?
"National security police on Monday arrested three people linked to the localist group Student Politicism on suspicion of conspiracy to incite subversion, with officers seizing boxes of M&M's, hand cream and other products as evidence." I always knew that M&M Mars, one of the world's largest privately owned companies, was up to something nefarious. There was a reason Spielberg had ET eating Reeses Pieces.