Property purchases in China funded through bank loans fraudulently obtained by speculators are fuelling already red-hot real estate markets in its biggest cities and beginning to alarm regulators.
Tagged By banking
China’s banking industry posts 1.5% profit growth year-on-year in Q1-regulator
China’s banking industry recorded 1.5% profit growth in the first quarter from a year ago, an official of the country’s top banking and insurance regulator said on Friday, emphasizing a continued …
EXCLUSIVE-China asks banks not to withhold loans to asset manager Huarong – sources
Chinese regulators have asked some banks not to withhold loans to embattled asset management giant China Huarong Asset Management Co, as part of the supportive measures to stabilize its cash flow …
Citi Retreat Highlights Global Banks’ Struggle in China, India
Citigroup Inc.’s plan to exit its retail business in China and India underscores the frustrating battle for market share international banks face in two of Asia’s largest economies despite plowing in …
China’s economy grows at record 18.3% in first quarter as recovery speeds up
It was the strongest growth since at least 1992 when official quarterly records started.. Read more at straitstimes.com.
China’s First Quarter GDP Jumps a Record 18.3%, Beats Covid-Induced Slump Propelled by Domestic Demand & Govt Aid
China’s GDP jumped a record 18.3 per cent in the first quarter from a year earlier, official data showed on Friday.
China’s GDP hits record growth but post-COVID recovery seen losing steam
China’s economic recovery quickened sharply in the first quarter from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller …
China’s first quarter GDP grows at record pace as recovery speeds up
While the reading is heavily skewed by the plunge in activity a year earlier, the increase is the strongest since at least 1992 …
Beijing’s City Government Preps Bill to Regulate Celebrity Drug Use
Beijing’s city government reviewed a new anti-drug bill tightening oversight of celebrity drug use on Wednesday, the country’s latest attempt to codify its unspoken practice of banning entertainers …
Citi To Exit Retail Banking In 13 Countries, Including India, China, To Focus On More Lucrative Wealth Management
As she unveiled strong-first quarter earnings, newly installed Citigroup CEO Jane Fraser on Thursday pulled the plug on retail banking operations in 13 countries, including India and China, in order …
Beijing skies turn yellow under cloud of sand, dust
The skies above Beijing turned yellow and air pollution soared to severe levels as a giant cloud of sand and dust particles rolled into the city, propelled by strong winds from the north of China.
China’s Economy Is Booming. Shoppers Are Skittish Anyway.
The world’s traditional growth engine is expected to report a double digit first-quarter jump. But consumers and small business aren’t fully sharing in the spoils.
China population: birth control policies should be scrapped to retain economic edge over US, says central bank
The People’s Bank of China has recommended Beijing completely abandon birth control policies or lose its economic edge over the United States.
