US banks led by Goldman Sachs have borrowed a record Rmb47.5 billion in offshore renminbi debt so far in 2026, with Goldman accounting for the majority of self-led issuance, the Financial Times reported this morning.
Deutsche Bank placed the largest single panda bond ever issued by a foreign bank in March 2026 at Rmb5.5 billion



Red scare from liberals. Anti communism in America is as old as communism, with the unions and the majority of the worker class hostile to even a whiff of it. The entrepreneurial dogma runs deep, and anything that questions it is seen as unamerican. This is so baked into the American ethos that the impulse still exists for people who grew up after the collapse of the Soviet Union. The “common sense” I heard growing up is that communism is just as bad as fascism, and that liberal capitalism is the reasonable center. Even if socialism has become destigmatized, the attitude still lies dormant.
With the fall of liberal democracy to fascism, liberals’ faith in their system has been shaken to the core. Many liberals still think that they live in a “free” country, even as a fascist dictator tightens his grip on the government. They are increasingly scared and desperate for answers, and the oligarchs of this country know this. If they can get even half of the liberals to side with the fascists on nationalism against “communist” China, they will have a solid majority. It doesn’t matter to those people that China is a capitalist state, they wave the flag and they are national competition.
The real watershed moment will come when China takes Taiwan. Everything Trump has done makes their takeover even easier, and I thought it was likely even before his second term. Whether Taiwan gets invaded or surrenders, China will instantly become the world’s lead chip manufacturer. If there is any US or Taiwanese resistance, it will burst the AI bubble and send the US economy into a tailspin. If everything happens totally peacefully, then the US will fall behind technological in the long run. Either way, anticommunism will be pushed on the public by our entire media ecosystem and many Americans will fall for it.