Years of rapid debt accumulation have left China facing a “major financial danger”, which in turn poses an economic threat to Australia’s future prosperity, University of Sydney adjunct professor … ( read original story …)
Tagged By banking
China may slip back into its old habits as growth slows. That could raise debt levels again
… than 3,300 businesses in China from the privately-run China Beige Book showed that in the second quarter, companies reported the highest share of borrowing from the so-called shadow banking sector … ( read original…
High-profile defaults highlight risk in China’s shadow-banking sector amid asset deterioration
A slew of high-profile defaults in China’s shadow-banking sector has highlighted the acute deterioration of assets in the US$9 trillion market, analysts said. Noah Holdings, one of China’s largest … ( read original story …)
FortisBC signs Canada’s first long-term contract to supply LNG for China
CALGARY — FortisBC has signed Canada’s first long-term supply agreement to produce liquefied natural gas for export to China, the company said in a statement on Tuesday. Under the two-year … ( read original story…
Trump is bluffing on China tariffs
Markets are generally okay, for instance, with the tariffs he has imposed so far, most of them on imports from China. But Trump would cross into a no-go zone if he imposed the latest set…
Marriott CEO on US-China trade war: ‘Anxiety levels’ are up
Maybe Mr. Market is correct in sending the stock price of global hotel chain Marriott (MAR) up 32% this year despite the financial risks associated with the bruising U.S.-China trade war. “Generally I … (…
China-backed Asian Infrastructure Investment Bank adds Benin, Djibouti and Rwanda
The Asian Infrastructure Investment Bank has expanded its membership to 100, with Benin, Djibouti and Rwanda the latest countries to join the Beijing-led multilateral lender. The addition of the three … ( read original story…
One Tit-for-Tat Battle That China Shouldn’t Fight
(Bloomberg Opinion) — Long before the Federal Reserve signaled interest-rate cuts were coming, China’s central bank was busy fiddling with an intricate dashboard of monetary-policy dials to … ( read original story …)
‘Out-dovished’: Key central bank decisions promise to move markets amid heightened uncertainty
China’s economy is cooling … and retail sales figures,” said IG senior market analyst Joshua Mahony. The World Bank has ordered Pakistan to pay a joint venture operated by Barrick Gold Corp. and … (…
World Digital Currency Bank Was Officially Established, RMB May Become the Biggest Winner
Hong Kong, China — (ReleaseWire) — 07/15/2019 –On July 15, 2019, the World Digital Currency Bank was officially established in Suriname, South America, as global financial people focused on the … ( read original story…
China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen
China’s trading partners and financial markets are closely watching the health of the world’s second-largest economy as the Sino-U.S. trade war gets longer and costlier, fuelling worries of a global … ( read original story…
Is Baoshang Bank China’s Lehman Brothers?
That clearly is why Beijing stepped in so quickly to contain Baoshang. The Baoshang Bank to all appearances looked healthy. Its last financial report issued in 2017 showed a profit of $600 million for ……
China Q2 GDP growth slows to 27-year low, more stimulus expected
China’s trading partners and financial markets are closely watching the health of the world’s second-largest economy as the Sino-U.S. trade war gets longer and costlier, fueling worries of a … ( read original story …)
