“Local debt is going up in a very uncontrollable fashion,” said Victor Shih, professor of Chinese political economy at the University of California, San Diego. “Local governments’ reliance on central government, and on debt issuance,…
Recent Posts
China’s LGFV Insiders Say $9 Trillion Debt Problem Is Worsening
China is attempting to diffuse risks from its $9 trillion pile of off balance-sheet local government debt, without resorting to major bailouts.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet,
US to focus on sustaining economic relationship with China
US Commerce Secretary Gina Raimondo will travel to China next week for meetings with senior Chinese government officials and US business leaders, the department said on Tuesday, marking the latest in …
For this customs broker, the Section 301 China tariffs are still top of mind
The tariffs placed on over $360 billion of Chinese goods is still a chief concern for Gretchen Blough of Erie, Pennsylvania.
Top 7 foldable smartphone brands in H1
China’s smartphone brand Huawei led the country’s foldable smartphone market in the first half of this year, according to a report by research and consulting company CINNO Research. With a market …
AIA Insurance Business Grows as China Travels After Pandemic
AIA Group Ltd. posted a jump in the value of new business as the exit of Hong Kong and China from pandemic restrictions helped support the insurer’s key gauge of profitability.
Nike falls for record 10th straight day as Foot Locker woes, China slowdown hit stock
Shares of Nike fell Wednesday for the 10th straight day, as it recorded its longest losing streak since it went public in 1980.
House Republicans raise alarm over illegal China lab that researched COVID in California
The leader of a House panel looking into the COVID-19 pandemic asked the FBI and Department of Health and Human Services on Wednesday to hand over records on an illegal Chinese lab that was reportedly…
South China Sea: is arrival of Philippines’ resupply mission a sign of Beijing backing off or China’s long game?
China’s ‘temporary special arrangement’ allowing delivery of food and supplies to old warship seen as attempt to prevent international resistance and isolation from Southeast Asian neighbours.
How Wham! broke barriers as first Western pop act to play communist China: ‘Modern Beijing was built from that money’
Manager Simon Napier-Bell wined and dined more than 140 government officials and campaigned against rivals Queen to make global pop history, even if George Michael later said Wham!’s Beijing concert …
Former Chief of Bank of Beijing Out of Touch as Regulators Probe Dealings
Yan, 70, retired from the top position at Bank of Beijing more than six years ago. With 3.5 trillion yuan ($482 billion) in total assets as of the end of March, the Beijing-based bank is…
China EV maker Zeekr to start investor tour ahead of $1 bln US IPO -sources
Zeekr, Chinese automaker Geely’s premium electric vehicle (EV) brand, will meet global investors from August-end to test appetite for a $1 billion U.S initial public offering (IPO), said people with …
The President’s Inbox Recap: China’s Economic Downturn
This week, I’m recapping two of the latest episodes of The President’s Inbox —the first of which is Jim’s episode with Zongyuan Zoe Liu, the Maurice R. Greenberg fellow for China studies at the …