Despite government efforts, debt levels continue to surge even as nominal GDP growth has slowed down, the rating agency said in a report on Thursday.
Featured Posts Title
Typhoon Dolphin: Shanghai cancels 1,300 flights as China issues red alert
German trade deficit with China grows as Beijing relies less on European industry
Typhoon Dolphin set to hit China’s east coast, triggering flood warnings
Shanghai cancels 1,300 flights and relocates 300,000 people as China prepares for Typhoon Dolphin
Shanghai cancels 1,300 flights as China prepares for Typhoon Dolphin
China July factory-gate inflation eases to 3-month low, CPI slows
China’s producer inflation eases in July, below expectations
Recent Posts
China needs bond market reforms to rein in soaring debt, S&P Global says
China says 2 military employees sold 60 pounds of secret documents to a recycling plant, allowing a shopper to bag 4 volumes for under $1
Two personnel tasked with disposing the 200 documents instead sold them all to a recycling plant for a profit of less than $4, authorities said.
China banks walk narrow path past property crisis
China’s major banks appear to have pulled off an impressive feat. Their balance sheets have so far managed to avoid imploding as the property bubble bursts in the world’s second-largest economy. Now a …
Ukraine’s peace summit lacks clout as Russia, China and others stay away
Ukraine’s leadership has been talking about this weekend’s peace summit in Switzerland for months, trying to drum up enthusiasm for Kyiv’s peace plan.
Why China Is Sabotaging Ukraine
For Beijing, ties to Russia are of great strategic significance. China and Russia share a 2,600-mile border, and Russia provides China with cheap natural resources and even some advanced military technologies. Xi also benefits from…
China Premier Li visits Auckland, stirring up hope of new trade
Chinese Premier Li Qiang arrived in New Zealand’s northern hub of Auckland on Friday, stirring up hope of new trade avenues among the country’s business leaders. The New Zealand China Council — which represents some of…
5G-A pilots gathering steam
China Unicom and China Telecom also have made such deployments, boosting the total number in the city to over 3,500. Earlier this month, 35 cities and regions jointly announced the start of the 5G-A …
UBS Nears Sale of Credit Suisse China Unit to Beijing Fund
UBS Group AG has entered final negotiations with a Beijing-backed fund over the sale of Credit Suisse’s money-losing China venture after talks with Citadel Securities LLC stalled, according to people …
Bitcoin Miners Pivot to Southeast Asia After China Crackdown
Miners are setting up in pockets of Malaysia, Indonesia, Laos and Thailand after China banned the industry in 2021.
Bitcoin Miners Pivot to Southeast Asia After China Crackdown
Miners are setting up in pockets of Malaysia, Indonesia, Laos and Thailand after China banned the industry in 2021.
Trump, Former Crypto Skeptic, Is Going All Out to Win the Bitcoin Bro Vote
Trump has even sought to marry his newfound fondness for crypto with his ongoing legal troubles. He held a Mar-a-Lago dinner in May for people who bought at least 47 of his “Mugshot Edition” non-fungible…
China waits anxiously for economic plan as gloom reigns
Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing economy that has not kept pace with …
Education, arts, culture festival for seniors take center stage in Beijing
The opening ceremony of the 3rd Education, Arts & Culture Festival for Beijing Seniors rolled out with the theme “Yi: Beijing’s Autumn”, with “Yi” meaning “shining brightly” in Chinese and autumn implying the golden age…
