China’s banking sector has sufficient buffers to avert a blow out in non-performing loans, as the ongoing revolt by mortgage borrowers is limited to smaller cities, which can be tackled once financial …
Tagged By finance
On the 25th anniversary of the Asian financial crisis, is once-saviour China the new worry?
Amid the preoccupations of pandemic-induced disruption, Asia this month marked the 25th anniversary of a different contagion – the financial crisis that swiftly enveloped the region after the dramatic …
Eyes wide open on China deals
Because China had failed to act on funding requests pending since 2019, former finance secretary Carlos Dominguez III canceled the Philippine government’s application with China’s Eximbank for …
China’s Mortgage Boycott Capital Plans Property Bailout Fund
A Chinese city facing the most boycotts by angry homeowners is setting up a bailout fund to help cash-strapped developers complete housing projects.Most Read from BloombergKissinger Warns Biden …
China’s debt trap diplomacy responsible for economic calamity in Sri Lanka
International experts warn that other debt-ridden countries — from Laos in Southeast Asia to Kenya in East Africa — are teetering toward a similar fate.
Sri Lanka ‘can’t get out of crisis without China,’ analyst says
The island nation is facing its worst financial crisis since independence. On top of fuel shortage, it’s also facing prospects of running out of food.
Duterte aide: Marcos administration should drop China-backed loans for rail projects
Three projects, part of former President Duterte’s “Build, Build, Build” program, went unfunded for six years.
Chinese tanks roll on streets to scare Henan Bank protestors
The Chinese Communist Party tanks on Wednesday rolled on the streets to scare Henan bank protestors amid large-scale protests in the province by bank deposito …
China’s next big worry: A mortgage crisis knocking on its doors
Property giant China Evergrand, in a letter to local authorities in 2020, had said that the cash crunch could lead to huge financial and social risks. It had mentioned that two million buyers might …
China’s digital yuan gets fresh push from Beijing, but consumers see little incentive to use e-CNY
Local governments, banks and media have been promoting the e-CNY through new trials, loans and praise, but it’s just another payment app for consumers Trials have expanded to 11 new cities this year, …
China’s oil purchases from Russia dropped 13% in June as lockdowns knocked the economy
China and India have stepped up their purchases of Russian oil this year, but economic slowdowns are now causing imports to fall.
China has a hand in Sri Lanka’s economic calamity
Chinese loans loom large in some debt-ravaged countries — including Sri Lanka, which is facing economic turmoil.
Beijing leaves landings rates unchanged
In a statement, the People’s Bank of China said the one-year and five-year loan prime rates – which are set by a panel of lenders overseen by the central bank – had been left on…
