Sharp China: William Lai’s Inauguration; Real Estate Follow-Up; Q&A on Gold and EV Capacity; Fast Fashion on Saturday Night Live

This is a free preview of a paid episode. To hear more, visit sinocism.comShow Notes:On today’s show Andrew and Bill begin with President William Lai’s inauguration in Taiwan, including the PRC responses we've seen so far, recent activity around Kinmen island, and a Bloomberg report that ASML’s EUV machines can be shut down remotely in the event of an invasion of Taiwan. From there: Friday’s announcement of relief plans for the real estate sector, and more thoughts on the challenges facing policymakers as they look to revive consumer sentiment. Then: Questions on the People's Bank of China, a recent push into gold purchases, EV capacity, tariffs on foreign cars, and the latest Central Committee member to be investigated for corruption. At the end: Temu and Shein inspire a Saturday Night Live skit, and Rep. Mike Gallagher is formally sanctioned by the PRC.Click here for instructions to add the podcast to your preferred player. You can also listen to it in the Substack app, which has its own podcast player:Related Readings:New Taiwan President; PRC reactions; Real estate; New bull market in Shanghai?; EU trade threat -- Sinocism https://sinocism.com/p/new-taiwan-president-prc-reactions"Pillar of shame" for Lai; Wang Yi at SCO; Gallagher sanctioned; XiAI; Guo Youcai; Ben Lim -- Sinocism https://sinocism.com/p/pillar-of-shame-for-lai-wang-yi-atFull text of President Lai Ching-te's inaugural address -- Focus Taiwan https://focustaiwan.tw/politics/202405200007 Mainland says Lai sends "dangerous signal" in speech as Taiwan's new leader -- Xinhua https://english.news.cn/20240520/d9024fcff39b4a7ba6a97a9dda5804d0/c.html China has a point about Taiwan’s new leader -- FT https://www.ft.com/content/0e0ed54f-bc40-45b1-ac36-1d8d51035d7d?shareType=nongiftThousands protest against contentious Taiwan parliament reforms -- Reuters https://www.reuters.com/world/asia-pacific/protests-taiwan-parliament-pushes-contentious-reforms-2024-05-21/ Record number of Chinese ships enter Taiwan waters near Kinmen island -- RFA https://www.rfa.org/english/news/southchinasea/china-kinmen-intrusion-05102024034553.html/ampRFA China's property support measures disappoint -- Reuters https://www.reuters.com/markets/asia/most-chinese-developers-shares-fall-despite-latest-support-measures-2024-05-20/What China’s central bank and Costco shoppers have in common -- The Economist https://www.economist.com/finance-and-economics/2024/04/11/what-chinas-central-bank-and-costco-shoppers-have-in-commonASML and TSMC Can Disable Chip Machines If China Invades Taiwan -- Bloomberghttps://www.bloomberg.com/news/articles/2024-05-21/asml-tsmc-can-disable-chip-machines-if-china-invades-taiwan?sref=5KSwFgaYHow China’s EV overcapacity has come to a head after 15 years, and what’s in store for the industrial policy race with US and EU -- SCMP https://www.scmp.com/economy/china-economy/article/3262505/how-chinas-ev-overcapacity-has-come-head-after-15-years-and-whats-store-industrial-policy-race-usChina Has Gotten the Trade War It Deserves -- The Atlantic https://www.theatlantic.com/international/archive/2024/05/china-tariffs-electric-vehicles-trade-war/678385/China Hints at Retaliation in Trade Clash With Europe -- Bloomberg https://www.bloomberg.com/news/articles/2024-05-18/china-state-media-warns-of-retaliation-on-eu-subsidy-probes?cmpid=socialflow-twitter-business&sref=5KSwFgaYChina Says Agriculture Minister Tang Renjian Is Under Investigation -- Bloomberg https://www.bloomberg.com/news/articles/2024-05-18/china-says-agriculture-minister-tang-is-under-investigation?sref=5KSwFgaYChina sanctions former Rep. Mike Gallagher, a fierce critic of Beijing -- NBC News https://www.nbcnews.com/news/world/china-sanctions-former-rep-mike-gallagher-rcna153218Hudson’s Mike Gallagher’s Statement in Response to CCP Sanctions -- The Hudson Institute https://hudsoninstitute.cmail19.com/t/i-e-auktutk-tjhhydiyp-y/Fast Fashion Ad - SNL -- YouTube To 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 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.