Official manufacturing purchasing managers’ index (PMI) fell to 49.0 in July, down from 50.2 in June ‘The foundation of China’s economic recovery is still not sound,’ Xinhua commentary warns China’s …
FINANCE
US Navy using ‘China threat theory’ to fund expansion plans, Chinese analysts say
Latest US naval plan cites China ‘challenge’ in ‘critical’ call for 500-strong fleet by 2045 But Chinese observers say the fleet is facing financial constraints and say their country should not be …
Woman in China reveals hubby’s S$16,889 salary slip working in finance, he gets suspended at work
The woman put up her post on Xiaohongshu, aka Little Red Book, an app that’s akin to the Chinese equivalent of Instagram, on July 28. via. The salary slip showed a monthly salary …
China’s ‘dim sum’ bond sales surge on demand from domestic investors
Sales of international renminbi bonds have surged this year as the country’s fixed income investors, starved of decent returns at home, take advantage of new market access to snap up higher-yielding …
China approves $44B bailout to finish incomplete developments
The central bank and China Construction Bank will invest 80 billion yuan in the fund to help distressed real estate companies finish stalled developments. The fund, which regulators approved last week …
Henan protest exposes China’s ‘biggest bank scam’
The recent protest in Henan by people who were denied access to their accounts exposed China biggest bank scam …
Weekend Long Read: As China Reforms Its Financial System, Pragmatism Should Prevail
Looking back at 1978, when the policy of reform and opening-up was established, the People’s Bank of China (PBOC) was the sole financial institution, since there was little demand for financial …
Shadow-banking risks in China curbed significantly, regulator says
The assets and risks of China’s “shadow” banking sector have declined significantly through continuous regulation, the state-run Securities Times on Saturday quoted a top regulator as saying. The …
Opinion: As China Reforms Its Financial System, Pragmatism Should Prevail
Looking back at 1978, when the policy of reform and opening-up was established, the People’s Bank of China (PBOC) was the sole financial institution, since there was little demand for financial …
China: how does the UK’s power to push back against the rising superpower really compare to that of the EU?
The EU has been at the forefront of political efforts to work with and check the threats represented by China to the west since 1975. In 2019, the EU labelled China “a systemic rival” after…
Code Red: The Human Cost of China’s Rural Banking Crisis
How a major banking scandal pushed thousands of Chinese depositors to desperation — and sparked a tense standoff with local authorities.
China is stockpiling cash instead of pumping it back into their economy – and that’s pushing a decades-high dollar even further
Chinese investors are parking excess liquidity in safe bets within the financial system, including the US dollar, instead of letting it flow to the real economy, according to Bloomberg. The country’s …
China’s debt cataclysm reaches American shores
In China, real estate firms on the brink of bankruptcy are seeing their debt problems spill over to their United States developments.
