Therefore, China should set an inflation target of 3% to 4%, and allow the PBOC to ease monetary policy. The central bank could also purchase government debt on the open market if previously issued …
Tagged By banking
China’s economy is about to implode. We will all feel the aftershocks
Evergrande, the embattled Chinese real estate giant with debts of $300 billion, has just been ordered to liquidate by a court in Hong Kong. What effect will this have, both within China and across the…
Chinese developer Evergrande ordered to be wound up by Hong Kong court
A Hong Kong court has ordered China Evergrande to be wound up, opening a new and unpredictable phase in the collapse of the world’s most indebted property developer. The liquidation order comes just over two…
Henry Kissinger didn’t take much interest in the global economy at first–until he did and changed it forever
Henry Kissinger tours the Summer Palace in Beijing during his surprise visit to China in 1971. Bettmann Archive – Getty Images Much has been written in the past few weeks about the enormous impact …
Order to liquidate property giant China Evergrande is just one step in fixing China’s debt crisis
A Hong Kong court’s order to liquidate the world’s most heavily indebted real estate developer is only a tentative step toward resolving a debt crisis that is haunting financial markets and dragging o …
UK banks and Land Rover in firing line over China’s financial contagion risk, warns expert
China’s volatile economy is now at a point “where the rubber hits the road”, leaving UK banks HSBC and Standard Chartered vulnerable, as well as car manufacturer Land Rover, a financial expert has warned. Bob…
The Real Evergrande Reckoning Is for China’s Foreign Creditors
Offshore lenders to other property developers in the country should be worried about the precedent.
Analysis-Evergrande Liquidation Highlights Investor Despair at China Debts
Total U.S. dollar issuance for China collapsed to $42.5 billion last year from pre-pandemic levels above $200 billion, data from Dealogic showed and while resolving Evergrande’s debts could help, …
China issues 9.34 trln yuan local gov’t bonds in 2023
BEIJING, Jan. 30 (Xinhua) — China’s local governments issued new bonds worth around 9.34 trillion yuan (about 1.31 trillion U.S. dollars) in 2023, data from the Ministry of Finance showed. Of the …
Evergrande’s fate hinges on recognition of China authorities
Any liquidation of property giant Evergrande hinges on Chinese authorities recognising the ruling of a Hong Kong court, in a decision that could also effect the city’s standing as a global financial centre,
Key China Bond Yield Hits Lowest in Over Two Decades as Easing Hopes Rise
The yield on China’s benchmark government bond dropped to its lowest level in over two decades on growing expectations that Beijing will deliver more monetary policy easing to help bolster its economy …
China’s Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
China Stock Slump Resumes, Adding Pressure on Beijing to Do More
Chinese stocks slid on Tuesday, with a benchmark heading for a third straight day of declines, underscoring the need for policymakers to take more steps to revive investor confidence.Most Read from Bl …
