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PBoC on the RMB; Leading Group on Carbon Peak and Carbon Neutrality; US-PRC talks

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PBoC on the RMB; Leading Group on Carbon Peak and Carbon Neutrality; US-PRC talks

Bill Bishop
May 27, 2021
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PBoC on the RMB; Leading Group on Carbon Peak and Carbon Neutrality; US-PRC talks

www.sinocism.com

Today’s Essential Eight items:

  1. PBoC says RMB could go up or down, but don’t speculate in it - Expect a crackdown on speculators;

  2. Leading Group on Carbon Peak and Carbon Neutrality - First meeting, chaired by Han Zheng, a sign the bureaucracy is being mobilized to achieve both;

  3. Hong Kong, PRC - Election law changes pass Legco, Jimmy Lai’s bankers get a warning;

  4. US-PRC talks - Tai and Liu have their first chat, not clear anything of substance came from it;

  5. PRC reaction to Biden’s statement on origins investigation - Pound sound and Fort Detrick;

  6. Understanding China’s deterrence signalling - Interesting, long report from RAND;

  7. Taiwan’s Covid-19 mess - Cases rising as Tsai says Beijing blocked deal with BioNTech, which had signed a deal with Fosun for “Greater China” including Taiwan;

  8. Australian Yang Hengjun goes on trial - Closed door, will be found guilty, likely in jail for a long time.

Thanks for reading, I hope to see many of you in tomorrow’s weekly discussion thread.

Reminder: Monday is th…

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