Clutch those pearls. For all the finger pointing directed at #China, it isn’t often you see a sitting President state the obvious. “Yeah! Well, we do that too.” There are no heroes and there are no villains, only nation states seeking to gain an advantage over any/all rivals.
The Independent
Trump leaves Maria Bartiromo speechless after suggesting US is hacking China
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China Morning Missive It might be best to take the “over” on this declaration by Trump. There’s already been multiple extensions to the legally required sale and/or ban of TikTok in the US and here we still are. Knowing the Chinese, the sale will only take place if there are material concessions provided by the Trump administration including a lifting of export restrictions on chip and chip related technologies. I just don’t see any of that happening, or at least being made public. My expectation is for all of this to continue to fester and for there to be yet another “extension” of the ban come September. I also continue to state that if Trump and his team are unable to come to come agreement with China of a social media app, when does this tell of how capable the Trump team is in combating China on those issues that truly matter. https://www.reuters.com/sustainability/society-equity/trump-says-fox-interview-he-has-group-wealthy-people-buy-tiktok-2025-06-29/
China (Sunday) Morning Missive An interesting take here in the SCMP, but both WeChat and Alipay - both of which I use daily - aren’t anywhere close to being similar to a stablecoin. Both platforms are directly linked to my bank account and both act as more of a debit card alternative as opposed to a stablecoin. Still, it is interesting to see a quasi-State Owned investment bank - CICC - jumping into the conversation. No doubt that Beijing is watching closely at the rollout of the GENIUS Act. Keep in mind, too, that Hong Kong passed its own stablecoin law just a few weeks back. There’s also been more chatter on local social media on the subject of stablecoins and a growing expectation of Beijing looking to follow - somehow - in the footsteps of the US. Nothing concrete mind you.
South China Morning Post
China’s stablecoin edge? WeChat and Alipay, says top economist
As calls grow for Beijing to embrace digital currencies, e-payment giants seen as aiding yuan’s global push.
Hey all. I’m trying something new for all of you interested in my various posts of #China content. Work in progress, but sending this clip through as a test run. If you’ve any specific questions, I plan to post a couple of videos a week and would love nothing more than to directly address any/all questions. No topic is off the table. image
Had a truly solid time with this conversation. For those out there looking for a different #China dialogue have a watch/listen. You can also search “The covered call” on any podcast platform if that’s more you style.
As expected, China is being awfully quiet. Just sitting back and letting it all play out. No need to even comment on the current state of global affairs.