Veteran China analyst Bill Bishop warns that moving money out of China through PRC banks or using WeChat to discuss overseas accounts will be 'very risky' if one does not come clean when tax collectors ask about foreign holdings.

China analyst Bill Bishop interprets the CSAC statement as evidence that a cybersecurity risk assessment of Intel's products is imminent, with the PRC having likely already determined the results, and that China views this as leverage to pressure Intel and other semiconductor firms to lobby against October 7 semiconductor export controls while signaling to the US government that China can play hardball.

Bill Bishop observed that the Biden Administration seems exhausted and not interested in doing much more regarding semiconductor export controls, suggesting that Huawei and SMIC should be happy along with US firms that are selling them equipment.

Bill Bishop, a veteran China analyst, warned that the Skydio situation 'should be a wakeup call to CEOs that if their firms are engaged in anything that PRC could now or in the future construe as endangering the prc's growing interests that they need to end Reliance on China for critical components,' but expressed doubt that firms will actually take the necessary steps to remove Chinese supply chain dependency.

The current explosive rally feels similar to 2014 when the market more than doubled in 8 months before crashing, and skepticism about the rally is understandable, but investors trying to short the surge will struggle because government printing presses and retail investors with pent-up demand to invest are hard to fight

Bill Bishop suggests that senior officials may have realized that holding press conferences focused on market expectations while markets are open is a bad idea, and therefore are changing their approach

Veteran China analyst Bill Bishop observes that holding the press conference on a Saturday when markets have closed is an interesting move, suggesting state council and the Minister of Finance may be worried about disappointing the market while it is open, similar to how the National Development Reform Commission's announcement disappointed investors

China's PRC immigration authorities sometimes test arrivals from Thailand for drugs, and they test for drug presence in the body regardless of whether the drugs were consumed legally outside China.

Given that marijuana is now legal in much of the US, China's PRC immigration procedures could cause problems for some arrivals from flights from the United States, especially from California.

Shanghai authorities have a history of taking hair samples for drug testing in clubs, and any drug use from months before may come back to haunt travelers with a positive test result.