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 …
Tagged By finance
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 …
China to offer more financial aid to culture, tourism firms
Tourists visit the Baofeng Lake scenic area in Zhangjiajie, central China’s Hunan Province, July 8, 2022. (Photo by Wu Yongbing/Xinhua) BEIJING, July 25 (Xinhua) — China will roll out more financial …
China’s Rural Banking Smash-Up
Problems at China’s small-town banks have been gestating for years, but they are now coming to a head—with unpredictable consequences.
China plans to set up real estate fund worth up to $44 bln -source
China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with…
China to step up support for cultural and tourism recovery – central bank
China’s central bank will guide domestic financial institutions to provide credit services to the cultural and tourism sectors which have been hit hard by the COVID-19 pandemic, it said in a notice on …
