Hong Kong’s exposure to debt-laden developer China Evergrande Group is “very minimal” at 0.05%, or HK$14 billion ($1.79 billion), of banking assets, South China Morning Post reported on Sunday, citing …
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China’s rise to global power faces obstacles
Without the population, property boom and energy intensity to drive prosperity, there is no certainty that Beijing can continue to conduct its aggressive wolf-warrior diplomacy.
Western media bias against China deplorable, dangerous
For years, the unspoken truth about Western media is that their veneer of objectivity has come off a long time ago. While touting themselves as the epitome of trustworthiness and honesty, some media …
China’s current account Q2 surplus at RMB 344.7 billion
China’s current account registered a surplus of 344.7 billion yuan, equivalent to $53.3 billion, in the second quarter of 2021, and the capital and financial accounts recorded a surplus of 84.8 …
China records $2.6798 trln in outstanding external debt at June-end
BEIJING – China recorded 17.3119 trillion yuan in outstanding external debt denominated in both domestic and foreign currencies, equivalent to $2.6798 trillion, at the end of June. All major external …
China’s ‘miracle’ economy under threat at the hands of authoritarian Chairman Xi Jinping
Coal. Meat. Wine. Cash. Beijing paints itself as playing a powerful game of coercive diplomacy. But the price may be a homegrown economic reckoning – with Chairman Xi Jinping’s authoritarian acts …
Is China’s High-Yield Real Estate Debt A Buy? This Asia Hand Says “Yes,” Selectively
So says Michel Lowy, CEO of SC Lowy, a privately-owned global financial services group that specializes in distressed and high-yield fixed income markets in Asia and Europe. “We are definitely adding …
Why all the change in China matters to us
Changes in China are pronounced and highly visible. What does all this mean for the United States? That the Chinese economy was going to become really big, we all saw it coming a mile away.…
Inside China’s ‘ghost cities’, the debt-fuelled metropolises trying to build living, breathing communities – with varying success
China’s infamous ghost cities were built to grease the wheels of urbanisation. While some succeed in building sufficient populations, others remain haunted by overambition.
Commentary: Climate disaster may be the common enemy US and China need
Recent climate announcements by China and the US may look like a game of one-upmanship, but this climate competition may benefit everyone, says Hong Kong Baptist University’s Yew Wei Lit.
China’s local govts issue bonds worth 4.88 trillion yuan in Jan-Aug
China’s local governments issued nearly 4.88 trillion yuan (about $752.5 billion) worth of bonds in the first eight months of this year, according to the Ministry of Finance. Of the total, special …
Biden calls for international cooperation, but how to cooperate with China?
In his recent speech to the United Nations General Assembly, President Biden aimed remarks at America’s two rival nuclear powers — and particularly China — even though he didn’t name names. He …
China’s loss could be India’s gain. Foreign bank has an advise for investors
A regulatory crackdown in China’s financial technology sector is diverting billions of dollars into other countries, including India, which is set for a record year of equity offerings …
