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 China’s IPO frenzy: China has more than tripled its IPO volume this year, with a total of 246 companies going public so far in 2017, reports Lin Wanxia. Industrial businesses lead the charge, as the government works to transform and upgrade the country’s manufacturing industry, with technology, media, telecommunications, retail and consumer sectors also featuring strongly. READ THE STORY HERE
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 Russia courts yuan: Russia has been burdened recently by US and EU sanctions and increasingly has expressed interest in further financial cooperation with China. Zi Yang writes that Beijing’s top financiers have also been reaching out to their Moscow counterparts at recent international meetings but the Russian banking system remains fragile, meaning there is still considerable risk in such collaborations. READ THE STORY HERE
 China bonds plummet: There was comforting data in the People’s Bank of China May monetary statement but there was also a massive plunge in the growth of broad money supply, reports Steve Wang and Liu Hsiu Wen. The shockingly cruel numbers, that saw the fledgling corporate bond market’s biggest outright contraction in history, mean a quarter trillion yuan (US$36.7 billion) of liquidity will have been sucked out of the economy within a month. READ THE STORY HERE 
China America war? Graham Allison’s new book, Destined for War, addresses the question: “Can America and China Escape Thucydides’s Trap?” George Koowrites that the book is a tour de force in its identification of all the different ways powers can head to war and, given the state of tension between the two powers, its publication is timely. READ THE STORY HERE
Silk Road troubles: China’s cardinal foreign policy imperative is to refrain from interfering abroad while advancing the proverbial good relations with key political actors. Pepe Escobar writes that it will be gut-wrenching for Beijing to watch the current, unpredictable, Saudi-Qatari standoff as it cannot but translate into major trouble ahead for the New Silk Roads. READ THE STORY HERE
OBOR is sustainable: The costs of China’s One Belt, One Road project are sustainable and won’t reach into the trillions of dollars, says David Dollar, a former World Bank official and US Treasury emissary to Beijing. Doug Tsuruokawrites that Dollar also thinks India must participate if China’s plan is to succeed but downplays the possibility of Chinese participation in President Donald Trump’s plan to rebuild US infrastructure. READ THE STORY HERE
China infrastructure pullback: The latest data from China has revealed a substantial slowdown in infrastructure investment growth, writes Steve Wang. The data also showed that money going into real estate development has slowed for the first time since November, with both seen as indications that Beijing’s hard-nosed determination to cure ills in its non-bank financial system could result in a dampening effect on overall growth. READ THE STORY HERE  China import rise: A robust rebound in the import levels of a broad range of non-resources during May pushed China’s foreign trade growth far beyond expectations, in a sign that the world’s largest emerging economy is trying hard to avoid slipping into the doldrums. Steve Wang and Lin Wanxia report that the turnaround is also a demonstration of China’s shift from heavy industry toward higher value-added and innovation-driven producers. READ THE STORY HERE
 China’s Forex mountain: Beijing’s foreign reserves rose at the fastest pace in four months to US$3.054 trillion as of May 31. Steve Wang and Poo Yee Kaireport that the world’s largest stockpile of foreign reserves continues to grown as China again announces it will not be loosening its tight control on offshore capital flow. READ THE STORY HERE Asian stocks performing: Emerging Asia has disappointed equity investors during the past seven years but there are now good reasons to expect Asian stocks to outperform the S&P in the next couple of years. David P. Goldman writes that emerging Asia now sits at the centre of a revival of world trade and this, combined with a changed, more positive, perception of Chinese economic management and the regional impact of Beijing’s $1 trillion infrastructure Silk Road spending plan, are all positives for Asian stocks. READ THE STORY HERE
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