Weekend links 12-13 July

China

• Fears of tough action by Beijing following allegation BOC launders money (SCMP)
• The Renminbi’s Grand Tour (Project-Syndicate)
• US$22bn spent on US housing by Chinese nationals in 2013 (Want China Times)
• Xi Jinping’s corruption purge is pitting China’s state-owned giants against each other (Quartz)
• China examines state bank fund transfer allegation (FT.com)
• China’s debt dominoes could fall fast (SCMP)
• China’s Stocks Rise on Signs of Loosening Property Restrictions (Bloomberg)
• Stop indulging China’s banks or risk another crisis (FT.com)
• China’s Outward FDI (Economonitor)
• The U.S. Has Good Reason to Be Fed Up With China’s Economic Policy (Time)
• A Step Forward for Chinese Local Government Debt (Peterson Institute)

Europe