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Lawmakers Demand DOJ Explain Dropping of Cases Against Chinese Researchers Accused of Hiding Military Ties…

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In July, federal prosecutors filed motions to dismiss charges against six Chinese researchers who had been accused of hiding their ties to Chinese institutions or the Chinese military. The DOJ said at the time that “recent developments” in those cases had prompted the department to “re-evaluate these prosecutions,” stating that the dismissals were made “in the interest of justice.”…

And Another: Shanghai-Based Property Developer Crashes 87% in Minutes Before It Was Halted…

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It’s not just Evergrande that is about to keel over. Overnight, one of its smaller peers, Shanghai-based Sinic Holdings Group which focuses on the development of residential and commercial properties in China, was halted trading after it shares cratered in a freak 87% plunge on Monday afternoon. The plunge slashed the market value to just under $230 million, which is laughable for a listed developer in the city…

Goldman Issues a Dire Warning on China’s Property Sector…

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No matter how the Evergrande drama plays out, whether it culminates with an uncontrolled, chaotic default and/or liquidation which sparks a crash in real estate values, or with Beijing blinking and bailing out the core pillar of China’s housing market, remember that Evergrande is just a symptom of the trends that have whipsawed China’s property market in the past year, which has seen significant contraction as a result of Beijing policies seeking to tighten financial conditions as part of Xi’s new “common prosperity” drive which among other things, seeks to make housing much more affordable to everyone, not just the richest…

Trump’s Secretary of Defense Refutes Milley’s ‘Regular Comms’ Excuse, Calls for Immediate Resignation…

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Update (1800ET): While General Milley and The White House must be hoping that if they just keep pointing the finger at Trump’s behavior, this whole treasonous affair will go away judging from angry comments from Christopher Miller – who was Donald Trump’s acting Secretary of Defense at the time of the calls to China – this crisis is anything but over…

Emperor Biden Creates Yet Another International S*#t Storm: France Says It’s Been ‘Stabbed in the back’ by US-UK-Australia Defense Pact to Take on China…

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Unprecedented security partnership was announced by Biden, Boris Johnson Scott Morrison…The agreement will see US, UK and Australia share nuclear technology secrets in tech battle with the Chinese…The pact means Australian navy will be equipped with nuclear-powered vessels made by US and UK…France was due to make Australia’s new subs – but claimed last night it had been ‘stabbed in the back’…New Zealand also isolated…

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