A collapse in the financial and real estate sectors could plunge the country into recession.Mismanagement of a real estate debt crisis could cause a sustained period of stagnation like the one Japan experienced in the…
FINANCE
China likely to cut more US debt holdings
Jiang Xianling, executive president of the UIBE & CAITEC International Business Strategy Institute, said that China has been reducing its US debt holdings since the second half of last year as part of …
China’s financial recession will be dangerous for US economy – US Treasury Secretary warns
The US economy is in very good shape. However, China’s financial recession may threaten the US economy. The downturn in China’s economy will majorly impact neighbouring Asian countries. Besides, the US can’t avoid this crisis…
China Shadow Bank Crisis Sparks Protest by Angry Investors
A group of investors protested at the Beijing office of Zhongrong International Trust Co. after the Chinese shadow banking giant missed payments on dozens of products.
China is hiding key data to pretend its economy is doing OK. It’s not.
Beijing has stopped reporting youth unemployment numbers, and asked economists not to talk about deflation or faltering growth.
China’s heathcare costs fuel consumption in ageing society, but alarms are blaring in the medical insurance fund
In difficult economic times, Chinese people have become increasingly reluctant to tap into their savings, but healthcare costs are on the rise as the population gets older and people invest more in …
A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world’s second-largest economy
Wang Qiang, the company’s chief compliance officer, told investors earlier this week that the company — a part of China’s shadow banking sector — had missed payments on at least 30 products, Bloomberg reported Wednesday,…
China £2.4trn economic meltdown ‘has ‘spillover potential for UK’ warns banking expert
EXCLUSIVE: Bob Lyddon also believes it is very difficult to tell how exposed UK banks are to Chinese counterparts.
Yen treads on intervention zone; kiwi, Aussie dollars hit by China woes
The China gloom saw the Australian and New Zealand dollars … as they have been last year in their rhetoric against defending a weakening yen, with Finance Minister Shunichi Suzuki saying on Tuesday …
Analysis:China trust deficit: crisis spurs shadow banking policy response calls
Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected to hasten a policy response to revive the country’s …
China central bank cuts key rate by most since 2020
China’s central bank unexpectedly reduced a key interest rate by the most since 2020 to bolster an economy that’s facing fresh risks from a worsening property slump. The yuan and bond yields slumped.
US stocks slide amid banking fears, weak China data
US stocks slid on Tuesday as investors fretted over the banking sector and took in data showing another weak month for China’s economy.
Stumbling China adds shadow banking mess to a property crisis
China’s latest rate cuts will do little to soothe growing concerns about contagion from the property sector spilling into the broader economy.
