Beijing is making one of its biggest top-down … Working groups from the central bank, finance ministry and securities watchdog are involved in the debt resolution effort in those provinces …
Recent Posts
Is China Past Its Peak?
We know what happened next. After a period of rapid asset inflation, the Japanese stock market crashed in the early 1990s, initiating what became known as the “Lost Decade” of deflation and slow …
China Evergrande NEV, debt-laden carmaker, gets shot of capital from Middle East firm backed by Chinese investors
The carmaking unit under China Evergrande Group raises US$500 million via a share placement with Dubai-based NWTN, though analysts say neither company has a track record designing successful EVs.
Treasury Secretary Janet Yellen accidentally ate hallucinogenic mushrooms in China
Yellen did not officially go on a trip though as properly cooking the mushrooms kills the psychedelic properties.
China scraps youth unemployment report in face of rising numbers
The Chinese government on Tuesday shelved its monthly report on youth unemployment on Tuesday ahead of an expected seventh consecutive increase.
China’s $138 billion ‘shadow bank’ spirals at terrible time for Xi Jinping
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billi
Why China’s ‘zero COVID’ policy is finally faltering
China has enforced incredibly strict rules to keep coronavirus transmission in check. But now they’re facing a potentially deadly omicron surge.
US, South Korea, Japan Summit Not ‘Provocative’ Toward China – State Dept
U.S. Secretary of State Antony Blinken speaks during a joint press availability with South Korean Foreign Minister Chung Eui-yong and Japanese Foreign Minister Yoshimasa Hayashi following their meeting in Honolulu, Hawaii February 12, 2022. REUTERS/Kevin…
Rethinking who’s winning the US-China tech competition
Shifting the focus to metrics will offer a more accurate picture of U.S.-China technological competition and capture critical U.S. strengths.
China’s youth job market is a nightmare. It’s changing the face of the country.
A new generation of unemployed, frustrated young people is now refusing marriage and parenthood, and its means to contribute to the country’s tepid consumer market are modest at best.
2 U.S. Stocks to Buy as China Tensions Rise
Since the onset of the Covid-19 pandemic, U.S. and China relations have gotten increasingly worse. Though both nations cannot risk going into conventional warfare, another cold war has arguably already started – and the winner…
Janet Yellen explains her ‘magic mushroom’ experience in China
US Treasury Secretary Janet Yellen ate a “magic mushroom” on a recent trip to Beijing, but the aftereffects don’t sound that special.
Why This Company’s Financial Crisis Threatens China’s Economy
Country Garden was China’s biggest real estate developer. Now it is staring down default, facing billions of dollars in losses and $200 billion in unpaid bills.