Sharp China: The World Gets Bearish on China; MSS and CIA Spies; US-Japan-South Korea; Complications for Intel and ARM

This is a free preview of a paid episode. To hear more, visit sinocism.comShow notes:On today's show Bill and Andrew begin with an unexplained absence for Xi Jinping in Johannesburg before turning to the multi-faceted problems facing Beijing policymakers as the PRC economy continues to sputter. Topics include: Why a giant stimulus package remains unlikely, whether Xi is the right leader to manage a restructuring of the world's second-largest economy, the "takeover or collapse" false binary, and what to make of the disappearing youth unemployment data. From there: The Ministry of State Security proudly identifies two PRC nationals who were allegedly working with the CIA, while the Biden Administration successfully executes a Camp David summit with the South Korea and Japan. At the end: Beijing scuttles Intel's Tower Semiconductor plans, ARM has myriad risks in China, the Wall Street Journal goes deep on the Village Basketball League, and James Harden's wine helps stimulate consumer spending.Related readings:Xi skips BRICS Business Forum; Fukushima waste water; Philippines resupplies grounded ship; Arm IPO; Raimondo trip -- SinocismXi to South Africa; Disappointing rate cut; Another CIA spy; Central Science and Technology Commission meets -- Sinocism Xi Skips Speech Defending China Economy at BRICS Business Forum -- BloombergChina’s Hidden Financial Dangers Erupt With Shadow Bank Crisis -- Bloomberg China’s 40-Year Boom Is Over. What Comes Next? -- Wall Street Journal Biden calls China a ‘ticking time bomb’ over economic problems -- NBC News China Suspends Report on Youth Unemployment, Which Was at a Record High -- N.Y. Times China’s ‘whack-a-mole’ economic playbook leads to confusion -- Financial Times How Will a Chinese Financial Crisis Impact the World? -- N.Y. TimesChina unveils second CIA espionage case within 15 days -- Global Times U.S., China Try to Draw Nations to Their Side as Divisions Harden -- Wall St. Journal China Scuttles a $5.4 Billion Microchip Deal Led by U.S. Giant Intel -- N.Y. Times Arm Needed 3,500 Words to Explain Its China Risks Before IPO -- Bloomberg In Depth: How SoftBank Wrestled Back Control of Arm China -- Caixin Arm set to regain control of renegade China unit after near 2-year battle -- Financial Times Even Jimmy Butler Had to Witness the Hottest Village Basketball League in China -- WSJNBA’s James Harden stunned as Chinese fans buy 10,000 bottles of his wine in 10 seconds – after a ‘great move’ criticising Daryl Morey -- SCMP J-Harden Wines -- J-Hardenwines.comTo add the Sharp China feed to your preferred podcast player:Click on the "listen on" button and you will see a dropdown with several options. Make sure you are logged into your account when you do it so you get the correct private RSS feed for subscribers. If you have not logged in for a while you can enter your email and then we will send you a link login link.The “email link” in the pulldown shown above will send you an email that also makes it easy to set it up in your preferred podcast app on your phone.If you use the Substack app it has a built- in podcast player.Thanks for listening.