China’s economic situation takes a turn after the country’s central bank slashes its lending rates and its real estate sector comes under pressure. Rhodium Group Associate Director Charlie Vest joins …
Monthly Archives For August 2023
China slashes rates and suspends data on youth unemployment as troubles mount
Chinese officials have cut key interest rates and begun obscuring data as the world’s second-largest economy struggles and threatens to cause global turbulence.
China’s Economic Pain Is Deepening. Don’t Expect a Quick Rescue.
Stimulus that could build on Tuesday’s rate cut is likely coming, but more trouble may be needed before Beijing makes an aggressive move.
China wants to deepen defense ties with Iran and Belarus
“We would like to deepen our defense cooperation with new member Iran and member-to-be Belarus,” Chinese defense minister Li Shangfu said at the Moscow Conference on International Security.
China Mobile ends H1 with 393 million 5G subscribers
China Mobile also said its total connections reached 3.19 billion at the end of June, with a net addition of 250 million during the period. In the mobile segment, the telco reached a total of…
Yellen details her dinner in China with ‘magic mushrooms’
Treasury Secretary Janet Yellen said she accidentally ate “magic” mushrooms on a recent trip to China. In an interview with CNN’s Erin Burnett Monday, Yellen said the person who arranged the dinner …
A BRICS currency replacing the dollar is a ‘ridiculous’ idea, says the top economist who named the group—unless China and India become allies
Jim O’Neill coined the BRICs term when he worked at Goldman Sachs in 2001, and he’s blasting the idea of a BRICS currency. “It’s embarrassing almost.” …
Beware these stocks lurking in your portfolio as China economy wobbles
Turmoil in the Chinese economy can mean bad news for a range of popular stocks. U.S. listed stocks ranging from chipmakers to resort chains and car-part makers can all be helped or hurt by the…
China sends debt squads to tackle overleveraged regions
Beijing is making one of its biggest top-down … Working groups from the central bank, finance ministry and securities watchdog are involved in the debt resolution effort in those provinces …
Is China Past Its Peak?
We know what happened next. After a period of rapid asset inflation, the Japanese stock market crashed in the early 1990s, initiating what became known as the “Lost Decade” of deflation and slow …
China Evergrande NEV, debt-laden carmaker, gets shot of capital from Middle East firm backed by Chinese investors
The carmaking unit under China Evergrande Group raises US$500 million via a share placement with Dubai-based NWTN, though analysts say neither company has a track record designing successful EVs.
Treasury Secretary Janet Yellen accidentally ate hallucinogenic mushrooms in China
Yellen did not officially go on a trip though as properly cooking the mushrooms kills the psychedelic properties.
China scraps youth unemployment report in face of rising numbers
The Chinese government on Tuesday shelved its monthly report on youth unemployment on Tuesday ahead of an expected seventh consecutive increase.
