Beijing stopped releasing youth unemployment figures in its latest attempt to play down negative trends as growth stalls, and global concerns grow.
Monthly Archives For August 2023
Treasury Secretary Janet Yellen Says She Ate Magic Mushrooms During China Visit
The U.S. treasury secretary ’s Beijing visit to improve U.S.-China relations included a stop at a restaurant chain called Yi Zuo Yi Wang (In and Out), which serves a dish featuring mushrooms noted for psychedelic…
China is trying to ‘sanction-proof’ their economy: Steve Yates
DC International Advisory CEO Steve Yates on China’s defense minister visiting Russia and Belarus, the central bank cutting rates, and Vivek Ramaswamy’s suggestion on how to best defend Taiwain from China.
J.P. Morgan warns of sharper-than-expected slump in China residential market
J.P. Morgan said on Tuesday China’s residential property market could see a sharper-than-expected slump this year following downbeat government sales and investment data for the sector.
JPMorgan ramps up EM default rate forecast amid China property woes
JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast to 9.7% from 6% on Tuesday following the latest wave of problems in China’s property sector. The U.S.
Analysis: China trust deficit: crisis spurs shadow banking policy response calls
Concerns about the outsized exposure of China’s $3 trillion shadow banking sector, roughly the size of Britain’s economy, to property developers and the wider economy, have grown over the past year as …
Yuan falls to 9-month low after China rate cut, sterling rises after jobs data
Sterling rose on Tuesday after data showed British basic wages grew at a record pace, adding to the Bank of England’s inflation worries, while the yuan sank to a nine-month trough after China’s …
China wants everyone to stop talking about the terrible economy and presses pause on publishing youth unemployment stats
In a widely-circulated article earlier this year, Wang Mingyuan, a researcher at the Reform and Development Institute of Beijing, a think tank, suggested that China sets its threshold for employment …
‘Greatest Rug Pull Ever’—‘Shocking’ Fed Warning Heralds Bitcoin, Ethereum, XRP And Crypto Price Chaos
One closely-watch bitcoin and crypto analyst has warned the Federal Reserve is about to trigger that “greatest rug pull …
Dubai Automaker to Pump Cash Into China Evergrande’s EV Business
The Chinese property developer’s fledgling auto unit said NWTN’s $500 million investment will help it meet imminent funding needs.
China Cuts Key Rates as Economy Sours. It’s Starting to Get Desperate.
“Higher fees in risky areas serve two purposes: they encourage price-sensitive households to choose safer locations, and they also provide local governments with more revenue to upgrade the climate …
China Touts ‘Huge Breakthrough’ in Laser Weapons Technology
The National University of Defense Technology team says it has found a way to fire lasers without heat buildup.
China’s Economic Woes Hit Markets Around the World
The economic issues in China have been festering for a while and have been part of the reason that the indexes topped out at the end of July, but the aggressive moves are an admission…
