For China, a stable yuan, particularly in the face of a rising US dollar, is an important symbol of market confidence in its financial system Now, though, the banking crisis in Henan, where billions …
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From Property to Lockdowns, What to Watch in China’s Second Half
China’s economic outlook for the second half of this year will be determined by the government’s shaky control over coronavirus outbreaks and the property market.Most Read from BloombergThis Could Be …
US debt held by China drops to lowest in 12 years
The total U.S. debt held by China has reportedly dropped to its lowest rate in twelve years, according to data released by the Department of Treasury. The data published Monday found that China’s …
China banks vow to repay more customers after protests
Chinese regulators have promised to repay more victims of one of the country’s biggest-ever banking scandals, after hundreds of thousands of customers were left without access to funds, triggering …
China scrambles to defuse anger over frozen bank accounts
To address rising public anger over frozen deposits at some rural banks in the country, the Chinese bank regulator has pledged to boost capital buffers for thousands of small banks which are facing …
China’s banking regulator vows to tackle risks from property sector, small lenders
China’s banking regulator is moving to address rising financial risks stemming from the country’s slumping property market and several small banks …
Iron ore price rises back above $100 as China steps in to ease property woes
Chinese regulators on Sunday urged banks to extend loans to qualified real estate projects and meet developers financing needs where reasonable.
Yellen calls for US, allies to fortify supply chains to combat China’s ‘unfair trade practices’
Treasury Secretary Janet Yellen will call for the United States to leverage its allies to build more resilient supply chains during a speech in South Korea on Tuesday. Her remarks will focus on …
No Pivot: The U.S. Can’t Take on China Without Europe
Stopping short of calling China an adversary, NATO chief Jens Stoltenberg focused on the unsettling buildup of Chinese military forces, threats to Taiwan, Beijing’s implicit support of Russian war …
China Takes Steps to Give Depositors Money Back After Rural Bank Scandal in Henan
China’s main banking regulator has sought to appease residents in central China’s Henan province amid rural banks’ liquidity issues. The government has set up a system to verify client information …
Why chaotic China should concern British investors
Tuning out the chaos unfolding in China is dangerously easy for British investors. It is no longer only America sneezing that means the world catches a cold; the health of the world’s second largest …
China Asks Banks to Fund Housing Projects Amid Mortgage Boycotts
China’s banking regulator has asked lenders to provide credit to eligible developers so they can complete unfinished residential properties after home buyers stopped paying mortgages on at least 100 …
Is China stumbling into its own mortgage disaster?
The Chinese authorities’ drift on managing bad property debts feels eerily like the impending subprime crisis in 2007.
