In recent weeks in China, bank protests have erupted in Henan province, where depositors’ bank accounts have been frozen since April, with large numbers of homebuyers refusing to pay their mortgages.
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China money rate falls to 1-1/2 year low ahead of month-end demand
China’s key money market rate touched a 1-1/2-year low on Tuesday, showing little sign of stress due to ample liquidity ahead of month-end peak demand for cash.
As China’s economic challenges grow, will investors lose confidence?
Although it’s looking increasingly unlikely that China will hit its 2022 growth target, Beijing is determined not to resort to aggressive stimulus Youth unemployment, the Henan banking scandal, …
China’s Economy Strengthens in July Despite Housing, Covid Woes
China’s economic recovery gained momentum in July as business activities resumed and confidence improved, despite disruptions from sporadic Covid outbreaks across the country. Most Read from …
Goldman Warns China’s Property Crisis Will Sink Iron Ore
The crisis engulfing China’s property sector will help swing the iron ore market to a significant surplus over the second half of the year and push prices sharply lower, according to Goldman Sachs …
China can unlock US$600 billion annually from AI, machine learning alone
AI could disrupt transportation and other key sectors in China, adding up to US$600 billion in economic value.
Henan protests highlight concerns over China’s rural banking sector
The protesters were desperate to recover about Rmb40bn ($5.9bn) in frozen deposits from four rural banks. Beijing’s deployment of Liu, a veteran of Chinese bank regulation, suggested the central …
Top 5: The missing profits of nations, the last taboo in central banking, China’s debt & more
Gareth Vaughan on the missing profits of nations, the last taboo in central banking, the CBDC threat to ticket clippers, China’s ‘mountain of non-performing loans,’ & the multi-billion dollar global i …
In China, the banking scandal is causing some to lose faith in the Communist Party
The rough treatment of bank protesters in China has cast a spotlight on an under-regulated corner of the banking system. Some depositors are questioning their faith in the ruling Communist Party.
China Threatens ‘Strong Measures’ If Pelosi Travels to Taiwan
A Chinese government spokesman reissued his warning to the U.S. on Monday about House Speaker Nancy Pelosi’s planned visit to Taiwan.
Laos’s China problem is ominously similar to crisis-ridden Sri Lanka’s
Laos faces bankruptcy, but like another crisis-ridden Asian state, Sri Lanka, its future is not in its own hands. That role is played by China, whose aggressive lending has helped to take one country …
Confidence in China’s economic stability slips as experts predict annual GDP to grow 3%
In the second quarter of 2022, the country’s economy grew just 0.4 per cent. Even though it is difficult to believe any official figures released by Beijing, such a number still represents the second- …
China bank scandal: Financial official placed under investigation
Beijing: A top Chinese official, who was once responsible for overseeing the banks at the centre of one of China’s biggest financial scandals, has been placed under investigation, media reports said …
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