Unlike the U.S. global financial crisis, the amount of leverage propping up in Chinese speculative investments is more limited, and household balance sheets and high savings rates act as a buffer.
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China meltdown: Xi sends TANKS out as furious uprising breaks out on streets of Henan
CHINA’S President Xi Jinping was forced to send tanks onto the streets to protect banks from angry customers, according to reports.
China turns to durian diplomacy to boost ties with Southeast Asia
It is probably the most controversial fruit in the world, and haters often complain that it smells just like rotten onion or stinky eggs. However, the durian, also known as the “king of fruit” to…
World worried after China’s property sector suffers another blow
As property developers flourished, housing prices also soared. That worried the government, which was already concerned about the risk posed by debt-laden developers …
China probes banking inspector in Henan province after fraud case, protests
China’s banking regulator on Sunday said it is investigating an inspector at its bureau in Henan province, which has seen protests by depositors unable to retrieve funds following suspected fraud at a …
China faces US$6.5 trillion green financing gap to reach 2060 net-zero carbon emissions goal, WEF report finds
The world’s biggest emitter of greenhouse gases faces a shortfall of 44 trillion yuan in green financing over the next four decades as it strives to hit its carbon neutrality goal, according to a …
Fed Up With Lockdowns, China’s Rich Want To Leave Home: Where Would They Go?
The problem is that they have had enough of the lockdowns, including the rich who want to leave home, according to a recent Financial Times report, which gathers data on immigration inquiries with …
China pushes back as homebuyers protest mortgage issues
The projects include some from developers such as China Evergrande, whose chairman was just forced out, and Kaisa Group. Censors have been scrubbing references to mortgage boycotts and online …
China’s home-grown C919 jet nears certification as test planes complete tasks
China’s homegrown C919 narrow-body jet, designed to challenge the Airbus-Boeing duopoly, is nearing certification as its test planes completed all of the test flight tasks, the company said on …
China ready to deal with US tightening
China will observe the ongoing monetary tightening in the United States and should be able to deal with any possible spillover effects, given the prospects for its stable economic growth and the …
China’s smaller, regional banks have never been safe but they are now falling to pieces due to economic slowdown
The banking crisis in China’s Henan province could just be the tip of the iceberg. The crisis has been brewing for years especially in the country’s smaller, rural lenders, which have typically …
China Bulls Say July’s Slide Is a Blip as Worst Over for Stocks
Some global money managers betting on China stocks are taking July’s selloff in their stride, keeping the faith that Beijing will pull out all the stops to boost the economy. Most Read from BloombergT …
China debt: battling zero Covid and a property market slump, local governments ask Beijing to lift bond quota
Beijing turned down the request from Hebei, Hainan and Liaoning, saying their current quotas were sufficient and regional debt limits were declining Local government revenue from land sales has …