Are There Wider Recurrences for Asia Markets?

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Harong has become a bit of a test case for how the chinese government views state own companies that borrow on international capital markets. If bajin signalled that they were willing to let companies like this fail, that would force everyone to completely reassess the way tha corporate china works. In the off shore bonb market, if majority state own companies can fail and aren't bailed up by the chinese government, then investors would probably demand higher returns to invest. And the fears arun that have been reflected in tem wi set off in asianbon markets over last week as a result of this case.

US President Joe Biden is set to announce his country’s steepest ever emissions cuts, Russia plans to pull out of the International Space Station by 2025, and Turkey’s opposition is asking where US$128bn in foreign exchange reserves has gone. Plus, the FT’s Shanghai correspondent, Tom Hale, explains why the corruption at Huarong Asset Management is creating headaches for Beijing.

US to propose emissions cut of up to 50% by end of decade

https://www.ft.com/content/32f5e2cd-4689-4434-9da0-d97d46673eaf?

Huarong debacle tests Beijing’s resolve to bail out state groups

https://www.ft.com/content/2aabfd64-6527-442f-b6fb-36c3804dcfc7

Russia to pull out of International Space Station in 2025

https://www.ft.com/content/a1518565-e643-42ae-a650-02e9c3bdd657

Turks chase missing billions in foreign exchange reserves

https://www.ft.com/content/dee218ba-c102-4a2f-8042-e8c8601991cd?

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