Wishing you a happy year of the wood snake from the team at the Little Red Podcast 🐍🧧🎇 新年快乐！

New episode hit off the press 📻

the sixth episode in our China Rules series, we examine China’s purge of its banks. China’s banks are three times bigger than the US banking system, holding assets worth $60 trillion – equivalent to half the world’s GDP. (1/3)

In the past year, Beijing has shuttered almost a quarter of its smaller banks. To examine China’s banking system, @limlouisa and @GraemeKSmith are joined by two experts from @NUSingapore Jason Bedford, former China-based investment analyst, now with East Asia Institute (2/3)

and @AdamYLiu1 of the Lee Kuan Yew School of Public Policy, author of Authoritarian Markets: The Politics of China’s Banking Explosion.

Listen to the full episode: omny.fm/shows/the-litt… (3/3)

The Asian Infrastructure Investment Bank (AIIB) was created back in 2016. At the time, the Obama administration tried to dissuade allies from joining. Ten years later, the AIIB has 106 member nations. (1/2)

In our most recent episode, guests Gregory Chin and @KevinPGallagher share their thoughts on the success of the AIIB as a multilateral development bank, and in serving China’s foreign policy interests.

For the full episode: omny.fm/shows/the-litt…?

Up until now, the dollar has dominated oil trade with most oil transactions priced and settled in U.S. dollars. If the Iran war drags on as it seems to be, are we, is it likely that countries will look more at de-dollarization? (1/2)

And could we see the emergence of the petroyuan instead of the petrodollar? In our latest episode, guests Gregory Chin and @KevinPGallagher offer their thoughts.

For the full episode: omny.fm/shows/the-litt… (2/2)

In the fifth episode in the China Rules series, we look at China’s efforts to reshape to global financial system. One milestone has been the recent designation of Deutsche Bank as a renminbi clearing house. (1/4)

But with a tradition of strict capital controls and limited liquidity, it’s not clear whether the CCP would be able to underwrite the international order. (3/4)

To ask how China is trying to reshape global finance, Louisa and Graeme are joined by Gregory Chin and @KevinPGallagher from Boston University’s Global Development Policy Centre, authors of China and the Global Economic Order.

Full episode: omny.fm/shows/the-litt… (4/4)

In the first four months of 2026, China's foreign outbound investment hit $63 billion. Those days when Chinese investors stashed their money under their mattresses are long gone. On 1 July, China's first regulation on overseas investment came into force. (1/2)

In its most simple terms, is it correct to see this as a way of the state increasing its control over Chinese money flows overseas? Guests Lizzi Lee and Stefanie Kam discuss what increased regulations mean and how we got here.

Full episode: omny.fm/shows/the-litt… (2/2)

NEW EPISODE DROPPED 📬In our fourth episode of ‘China Rules’, we look at the State Council’s new rules on overseas investment. These formalize control over outbound investment, addressing concerns about sensitive technologies and data, while sending a chilling signal… (1/4)

To explain the impact of these regulations on the global financial system, @limlouisa and @GraemeKSmith are joined by Stephanie Kam from Nanyang Technology University and Lizzi Lee from the Asia Society Policy Institute’s Centre for China Analysis. (3/4)

For the full episode: omny.fm/shows/the-litt… (4/4)

A lot of people are warning about the future of Chinese EV sales inside China. @limlouisa recently spoke with a well-known Chinese economist who said he thought the collapse of the Chinese EV market was not only was it inevitable, but it was going to come very soon. (1/2)

Domestic vehicle sales are falling, with the market leader BYD seeing its sales more than halved. What's going on? Yu Yang and @FengmingLuPE share their predictions for if this crash really is coming, why, and when?

For the full episode: omny.fm/shows/the-litt… (2/2)

China’s BYD now leads the global EV market after overtaking U.S. rival Tesla earlier this year. The figures are staggering and show a rise of 69% in vehicle exports in May, and some are saying that the Middle East war is accelerating China’s EV rise. (1/2)

Guests Yu Yang and Fengming Lu weigh in on what is promoting this rise.

Listen to the full episode: omny.fm/shows/the-litt… (2/2)