A Chinese economic crisis might even have a small positive effect on the United States, because it would reduce demand for raw materials, especially oil, and as a result possibly reduce inflation.
FINANCE
China’s economic troubles are a result of the post-2008 ‘debt supercycle’ finally coming back to bite it, Harvard economist says
China’s economic troubles are the result of a major debt bubble that first began in 2008, according to top economist Kenneth Rogoff.
China cuts lending rates again as it works to curb economic slowdown
China has slashed a benchmark interest rate in response to mounting economic woes in yet another sign that Beijing is concerned about its country’s trajectory.
Another Wall Street bank cuts China growth forecast as rate moves disappoint
UBS has followed a string of Wall Street banks that have cut their growth forecasts for China. Monday also saw troubling moves on the lending-rate …
Chinese Stocks Drop. China’s Central Bank Delivered an Unwelcome Surprise.
The People’s Bank of China reduced its one-year loan prime rate by 0.1 percentage point to 3.45% while the five-year rate was kept unchanged at 4.2%, disappointing investors.
Beijing: real estate crisis spreads to financial brokerage firms
China’s bubble ready to burst, as shown by the China Evergrande Group filing for bankruptcy protection in New York. Construction giants and huge defaults. The woes of Zhongzhi, empire of fina …
China’s lending rate drops amid strengthened policies to boost economy
A signal was sent to intensify counter-cyclical adjustments and promote a quicker economic recovery, said Dong Ximiao, the chief researcher of Merchants Union Consumer Finance Company Limited. The …
Expect a weaker yuan amidst China’s underwhelming policy response: Deutsche Bank
Tim Baker of Deutsche Bank weighs in on his outlook for the Chinese yuan after the PBOC’s cut to its benchmark 1-year loan prime rate.
China Cuts Key Interest Rate Again as Property Slump Spreads
The action by the People’s Bank of China, the central bank, the latest in a series of steps to try to spur lending, was more modest than expected. By Keith Bradsher Reporting from Beijing China’s…
China allocates another 500 mln yuan for relief in flood storage areas
China’s finance ministry, as well as the water resources ministry, have allocated a further 500 million yuan ($68.68 million) to help disaster-stricken residents in national flood storage areas …
UPDATE 1-China stocks, yuan fall as Beijing’s support fails to revive confidence
China and Hong Kong stocks fell on Monday, as regulators’ support measures and a fresh cut in the benchmark lending rate disappointed, even as listed firms and fund managers rushed to unveil share …
Taiwan’s Biggest Financial Firm Braces for Deeper China Turmoil
(Bloomberg) — Taiwan’s biggest financial conglomerate has cut back on its exposure to China as it braces for any deeper fallout from the property crisis in the world’s second-largest economy. Most Read from Bloomberg Borrowers…
China allocates another 500 million yuan for relief in flood storage areas
China’s finance ministry, as well as the water resources ministry, have allocated a further 500 million yuan ($68.