BEIJING: China’s premier on Tuesday tried to quell fears surging debt might threaten growth, saying financial risks are “generally under control” and Beijing can achieve this year’s development targets. Speaking at a meeting of the…
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Tourist trap: China’s surpluses may be bigger than thought
“Financial outflows concealed as travel imports are large and significant, growing to around 1 percent of China’s GDP in 2015 and 2016, and account for a quarter of recorded net private financial outflows,” she wrote.…
China frees 3 activists who probed Ivanka Trump supplier
GANZHOU, China — Chinese authorities have released on bail three activists who had been detained after investigating labour conditions at a factory that produced shoes for Ivanka Trump and other brands. The three activists walked…
China’s huge debt bubble risk to Britain’s stability, warns Bank of England
in its biannual financial stability report. “Vulnerabilities in China remain pronounced” according to the report and the Bank listed the country as one of a number of risks to Britain’s economy. China’s debt has now…
China confronting its financial risks, premier says
DALIAN, China — Beijing possesses the tools to avert damage that could result from the financial risks facing the world’s second-largest economy, Chinese Premier Li Keqiang said Tuesday at the World Economic Forum here. Li,…
China’s shadow finance time-bomb could trigger crisis
In the past decade, shadow banking has taught China great lessons about capitalism. That is, except for the most important one: failure. Since the 2007 financial crisis, China has poured more than $600bn into the…
China regulator issues rules to shore up investor protection
SHANGHAI, June 28 China’s securities regulator has stepped up efforts to protect investors’ interests, publishing a set of know your customer rules on Wednesday that restrict financial institutions from selling risky products to inexperienced investors.…
China’s debt surpasses 300 percent of GDP, IIF says, raising doubts over Yellen’s crisis remarks
In its Financial Stability Report released Tuesday, the central bank noted that Brexit, high levels of indebtedness in China and an increase in consumer credit in the U.K. as potential risks. According to the IIF,…
China’s traditional banks lose branding ground to internet rivals
In the early 1980s, people in China had a one-stop shop for all their banking needs: the People’s Bank of China. It was, in fact, the only bank in China at the time, as well…
US envoy: China should allow Nobel laureate treatment abroad
News of Liu’s illness drew questions from his supporters and human rights advocates on whether China’s government provided him with adequate care while incarcerated. Chinese prisons are notorious for their harsh conditions, and it’s common…
China hits back at U.S. on human trafficking downgrade
BEIJING — China has pre-emptively hit back at the United States for speaking “irresponsibly” ahead of an expected Trump administration move to name China among the world’s worst human trafficking offenders. Foreign ministry spokesman Lu…
China makes its military more visible in Hong Kong
The carrier, with its complement of J-15 fighter jets and escorted by two destroyers and a frigate, left the eastern Chinese port of Qingdao on Sunday on a routine mission, China’s state-run Xinhua news agency…
Trump turns up pressure on China amid N. Korea concerns
“China was downgraded to Tier 3 action in this year’s report in part because it has not taken serious steps to end its own complicity in trafficking, including forced laborers from North Korea that are…
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