Ups and downs

Ups and downs

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We have some news to report for the week that relates to the Middle Kingdom. Manufacturing numbers are up and anecdotally the economy seems to be doing better than last year. How much of that is related to stimulus measures ahead of the Big One, the 19th Congress in October, who knows. But on the other hand, strenuous efforts continue to be made by people to get their money out, and the tightening controls are of course strengthening the resolve.

Meanwhile, the US actually took action against a Chinese bank involved with North Korean trade, and there was a report from an escapee from the People's Paradise that the sanctions are have a significant effect. Our view on the Trump administration policy on North Korea is that he should rather concentrate on tweeting about TV news show hosts. The other policy decision of relevance this week as Washington sinks further into disarray - calling Mr Mueller! - is a decision to approve the arms package for Taiwan. That should generate some forthright statements from Xinhua News Agency, appearing on a screen near you soon.

Have a great weekend!