China’s rapidly growing pile of debt has long been regarded as one of the biggest risks to the global economy. However, despite loud predictions from the likes of hedge fund manager Jim Chanos and investor…
Tagged By finance
How China’s economy grows even as credit tightens
Why is it important to reduce debt? Although China’s economy can seem like a juggernaut, it’s a leading candidate for a banking crisis, reckons the Bank for International Settlements. Few things would threaten economic and,…
U.S., China rivalry poses risks, benefits for Latin America
The March 24 ceremony celebrated the Washington-based Inter-American Development Bank’s (IDB) choice to hold its next annual meeting in Chengdu, China, a decision criticized by the United States, whose regional influence has been increasingly challenged…
China’s drive to restore its lost greatness
Since the Asian Infrastructure Investment Bank tweeted last week that Canada is now officially a full member, it hasn’t exactly made headlines. This is ostensibly a prelude for trade talks with China in an increasingly…
China’s move to slap tariffs on U.S. business jets seen as a boon for Bombardier
MONTREAL/SINGAPORE — China’s plan to slap tariffs on some U.S.-made planes will hit demand for Gulfstream and Boeing business jets but benefit Bombardier and other rivals seeking a larger share of Asia’s biggest market, jet…
China Bank Results Reflect Pressure from Credit Migration
Reported asset quality of Chinese banks improved in the full-year results for 2017, reflecting an improvement in economic conditions and a shift toward retail lending where non-performance is generally lower. However, improvements in core capital…
JPMorgan CEO Jamie Dimon talks China, trade and immigration in his annual letter
WATCH: Yahoo Finance’s Andy Serwer will interview Jamie Dimon live at 9:30 a.m. ET. Stating that “U.S. global engagement is needed more than ever,” JPMorgan Chase CEO Jamie Dimon lays out a case for how…
Chinese finance official explains why Beijing is slapping tariffs on $50 billion in US products
China’s Vice Finance Minister Zhu Guangyao says the country is not to blame for rising protectionism. Zhu’s comments come after China unveiled tariffs on $50 billion of U.S. goods. He argues that these measures were…
China’s banking and insurance regulator to focus on curbing system-wide leverage
BEIJING, April 4 (Reuters) – China’s new banking and insurance regulator said on Wednesday it will focus on lowering leverage of local governments and state-owned enterprises while seeking to control a rapid rise in household…
China’s retaliation against US tariffs hits global financial markets
China’s retaliation against the US’ latest round of tariffs by slapping additional duties on US$50 billion worth of US imports has sent global markets jittering, with the US market expected to open its next session…
China lists $50B of US goods it might hit with 25 pct tariff
Zhu, the deputy finance minister, expressed thanks to American soybean farmers who he said had lobbied the Trump administration to “safeguard hard-won economic relations between the United States and China.” Story Continues To minimize the…
China vows countermeasures as U.S. issues extensive tariff list
WASHINGTON/BEIJING (Reuters) – China condemned the United States on Wednesday as the Trump administration pushed ahead with plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products, and vowed imminent countermeasures…
China will actively resolve shadow banking risks: central bank
BEIJING (Reuters) – China will actively resolve shadow banking risks and prudently tackle risks associated with financial institutions, the central bank said on Wednesday. China will effectively control the macro leverage ratio and credit risks…
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