China likely to impose the largest fine in history against an accounting firm of at least $138 million against PwC due to their failure to catch the largest financial fraud in history at Evergrande.
Source: Barchart
Apple iPhone shipments in China rebound 52% in April
Source: Bloomberg
waouuu... this could be a major medical breakthrough...
Source: Mario Nawfal
Japan’s population has now been contracting for almost 15 years
At the same time, number of vacant homes there has risen significantly Now reaching the 9 million mark At this rate, Japan’s demography poses long-term sustainability risks for their economy Source: Game of Trades
The lesson from Japan:
If you don't get your debt under control, you have to use your central bank to cap yields to avoid a debt crisis, causing big Yen devaluation. If the Euro zone doesn't find a way to bring high periphery debt levels down, the Euro will follow the same path. Source: Robin Brooks
China’s economic miracle is ending, leaving President Xi Jinping w/a challenge none of his predecessors faced:
How to govern after the boom. In a democracy, the gloomy mood in the country would spell trouble for the leader. Since Ronald Reagan in 1980, US presidential candidates have posed a simple question to voters: Are you better off today than you were four years ago? When the answer is “no,” it’s time for the White House incumbent to pack their bags. Source: Bloomberg Economics
Meanwhile in Taiwan...
Source: War Intel
BREAKING 🚨: China
China sees largest bank withdrawals in history last month of just under 4 trillion yuan Source: Bloomberg, Barchart
