Trump blinks over investment and export restrictions; Xi meets Mattis; Moral hazard meets corruption investigation hazard; TV/Film star tax fun, Social credit system going global?

Good afternoon from Sinocism. Here are the top things I am watching about China today:

  • President Trump backed off from the harshest of threatened investment restrictions, but no one should assume this fight is done;

  • Xi Jinping appears to have given US Secretary of Defense Mattis another clear warning about PRC “red lines” when it comes to territorial clai…

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