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Yes, Virginia, China Is Exporting Its Model (CFR, 5 min read) Xi Jinping has reiterated his belief that “[China] offers a new option for other countries and nations who want to speed up their development while preserving their independence.” From Cambodia to Tanzania, China aims to institutional frameworks to enhance state control or providing technology to support development. This shows China’s global reach [Bullish China]
Exclusive: Protest-free Macau to Win Financial Policy Rewards From China (Reuters, 4 min read) Chinese officials are helping Macau to establish its yuan-based stock exchange. It will start by handling the local bond trading business, as well as investments in start-ups from Portuguese-speaking countries, marking the next step of Macau’s integration in China’s Greater Bay Area.Looks like China is starting play Macau off against HK. (Bearish Hong Kong)