JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast to 9.7% from 6% on Tuesday following the latest wave of problems in China’s property sector. The U.S.
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JPMorgan ramps up EM default rate forecast amid China property woes
Analysis: China trust deficit: crisis spurs shadow banking policy response calls
Concerns about the outsized exposure of China’s $3 trillion shadow banking sector, roughly the size of Britain’s economy, to property developers and the wider economy, have grown over the past year as …
Yuan falls to 9-month low after China rate cut, sterling rises after jobs data
Sterling rose on Tuesday after data showed British basic wages grew at a record pace, adding to the Bank of England’s inflation worries, while the yuan sank to a nine-month trough after China’s …
China wants everyone to stop talking about the terrible economy and presses pause on publishing youth unemployment stats
In a widely-circulated article earlier this year, Wang Mingyuan, a researcher at the Reform and Development Institute of Beijing, a think tank, suggested that China sets its threshold for employment …
‘Greatest Rug Pull Ever’—‘Shocking’ Fed Warning Heralds Bitcoin, Ethereum, XRP And Crypto Price Chaos
One closely-watch bitcoin and crypto analyst has warned the Federal Reserve is about to trigger that “greatest rug pull …
Dubai Automaker to Pump Cash Into China Evergrande’s EV Business
The Chinese property developer’s fledgling auto unit said NWTN’s $500 million investment will help it meet imminent funding needs.
China Cuts Key Rates as Economy Sours. It’s Starting to Get Desperate.
“Higher fees in risky areas serve two purposes: they encourage price-sensitive households to choose safer locations, and they also provide local governments with more revenue to upgrade the climate …
China Touts ‘Huge Breakthrough’ in Laser Weapons Technology
The National University of Defense Technology team says it has found a way to fire lasers without heat buildup.
China’s Economic Woes Hit Markets Around the World
The economic issues in China have been festering for a while and have been part of the reason that the indexes topped out at the end of July, but the aggressive moves are an admission…
China reacts to economic alarm bells with cut in key bank rate
China has cut one of its key interest rates and pumped tens of billions of dollars into its banking system after a batch of data added to concerns over an econo
China’s Economic—and Social—Contract Is Fraying
Chinese households’ confidence in Beijing’s policies has been shattered.
Volvo to be first company in China to import remanufactured engine
The remanufactured engine to be imported by Volvo Construction Equipment (China) will arrive in the country in late September, Chen Chaoping, the company’s head of uptime and parts said in a media …
Explainer-How Much Worse Can China’s Economic Slowdown Get?
Economists blame weak domestic demand for subdued investment appetite in the private sector and for China sliding into deflation in July. If it persists, deflation could exacerbate the economic …
