At the end of March, total household deposits surpassed 160 trillion yuan ($22.30 trillion), up 10.3% from a year before, and equivalent to 118% of last year’s gross domestic product (GDP), official …
Tagged By banking
World’s poorest nations facing ‘tidal wave’ of debt repayments to China, report warns
Debt service flows to Beijing, already at a historic high, are set to remain elevated for the rest of this decade, think tank says …
Chinese savers decry falling deposit rates but still won’t spend more
After Chinese banks reduced deposit rates last week, Miro Chen launched a social media poll: “When interest rates fall, do you save or spend?” …
Southeast Asia and Gulf leaders meet with China as governments look to coordinate in the face of Trump tariffs
The GCC’s pivot to the East is a “pragmatic move,” says Joanne Lin, senior fellow at the ISEAS-Yusof Ishak Institute.
Beijing should seize on rattled faith in US dollar to accelerate yuan’s global influence
Amid erratic US trade policies, Asian governments are looking for alternatives for reserves, payments and settlements, giving the yuan an opening In the aftermath of the 2008 global financial crisis, …
China rejects criticisms regarding its debt issue
The Foreign Ministry rejected on Tuesday criticisms regarding China’s debt issue related to developing countries, saying that such claims ignore facts and overlook the role of Western commercial …
Tidal wave of debt: Poorest nations struggle as loan repayments to China peak in 2025
“Developing countries are grappling with a tidal wave of debt repayments and interest costs to China,” said Riley Duke, a researcher at the Lowy Institute. “Now, and for the rest of this decade, China …
Hard Time For Chinese Economy? China’s Credit Outlook Stays ‘Negative’ Despite Policy Efforts, Says Moody’s
Moody’s has maintained its ‘negative’ outlook on China’s credit rating, warning that prolonged trade tensions and high tariffs from the United States could undermine the world’s second-largest economy …
Poorest nations face $22bn China debt bill in 2025, risking cuts to vital services
Poorest 75 nations face $22bn in debt repayments to China in 2025, risking cuts to health, education, and climate resilience efforts.
Public outrage as China woman dies outside bank after instructed to make in-person withdrawal
Family claims even after telling bank clerk of her poor health, they insisted she must be present to access funds A bank in China is under scrutiny following the death of a gravely ill elderly…
Chinese woman dies outside bank after being told to make in person withdrawal, sparks outrage
Public outrage follows the tragic death of a woman outside a China bank after being forced to make an in-person withdrawal despite her poor health.
China Turns to Consumers to Boost Growth, but Households Are Wary
Beijing has offered incentives to prod shoppers to spend more, but leader Xi Jinping is reluctant to push a bigger shift away from manufacturing.
China accelerates banking merger efforts to establish global giants
China is ramping up efforts to consolidate its financial industry through mergers to set up “giant” banks and brokerages, reported Financial Times (FT). Approximately one in 20 of China’s rural banks …
