WRT your family trip, as a precaution you could see if your United flight is an Air China codeshare and if yes, rebook it via CA. That's what I mostly do now. Just be careful there are some tricky rules on exchanging miles across Star Alliance - e.g., if you fly b-class under the CA flag but give your United mileage plus number, you may not get the premium credit. Hope to catch up with you there - maybe wanna call a Sinocism gathering in BJ in August?? 🎉
strangely air china is way more expensive on the flights we are looking at. and yes, may do a sinocism thing, will decide as the dates get closer, though always a bit nervous organizing events for the newsletter while visiting china. you never know, esp these days...
Good tip, I'll check the UA/CA price differentials going forward. And good point re event. Suggest you try. I don't think a permit should be necessary, but all should assume PSB could show up and ID themselves -- or show up and NOT ID themselves.
Bill, how do you think about the conflicting nature of the NDRC pushing property developers to refinance using offshore USD bonds but then slowing down approval for overseas debt issuance across the board?
Still seems odd to me unless they see the property developers as particularly exposed to the credit crunch and therefore don’t want to limit their access to capital. That or there is just a messaging issue
Bill, have you seen a detailed description of the updates to the foreign investment negative list?
WRT your family trip, as a precaution you could see if your United flight is an Air China codeshare and if yes, rebook it via CA. That's what I mostly do now. Just be careful there are some tricky rules on exchanging miles across Star Alliance - e.g., if you fly b-class under the CA flag but give your United mileage plus number, you may not get the premium credit. Hope to catch up with you there - maybe wanna call a Sinocism gathering in BJ in August?? 🎉
strangely air china is way more expensive on the flights we are looking at. and yes, may do a sinocism thing, will decide as the dates get closer, though always a bit nervous organizing events for the newsletter while visiting china. you never know, esp these days...
Good tip, I'll check the UA/CA price differentials going forward. And good point re event. Suggest you try. I don't think a permit should be necessary, but all should assume PSB could show up and ID themselves -- or show up and NOT ID themselves.
Bill, how do you think about the conflicting nature of the NDRC pushing property developers to refinance using offshore USD bonds but then slowing down approval for overseas debt issuance across the board?
I think the message is use what you can raise to pay down existing debt and don't raise any more offshore for onshore projects?
Still seems odd to me unless they see the property developers as particularly exposed to the credit crunch and therefore don’t want to limit their access to capital. That or there is just a messaging issue