China is expected to report a sharp slowdown in economic growth in the second quarter after widespread COVID lockdowns jolted factories and consumers, although activity in June may have perked up.
Tagged By finance
Is China Stumbling Into Its Own Mortgage Crisis?
A rapidly spreading protest — borrowers refusing to make payments on unfinished homes — threatens to rattle the financial system.
Intimidation, crackdowns blow the lid off Chinese rural banking scandal
A massive scandal worth tens of billions of yuan is rocking the critical rural banking sector in China. Authorities blame a “criminal gang” for illegally siphoning off depositors’ money and …
Barclays seeks entry into China’s US$4.3 trillion asset management market
Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender’s plans to expand its…
30% of China’s local governments may face severe debt strain: S&P
Almost a third of local and regional governments in China could be in dire enough financial straits at the end of this year to require corrective action such as cutting spending, as growing interest …
IMF says China needs more fiscal, monetary support to fight COVID slowdown
The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19 lockdowns, but …
Valuing, financing and mainstreaming Nature-based Solutions in China
A new study released last month examining the value of Nature-based Solutions (NbS) calls for stronger policy and financing support, together with wider application and scaling up of NbS across China.
China’s banking, insurance sectors run in reasonable range in H1
China’s banking and insurance sectors have operated within a reasonable range so far this year, the China Banking and Insurance Regulatory Commission said Thursday. From January to June, financial …
China banks, property stocks slump as homebuyers stop mortgage payments
Investors dumped China’s banking and real estate stocks today, fearing deepening trouble in the property sector would begin to hit the financial system as …
Yellen says it’s in China’s interest to restructure Sri Lanka’s debt
China is a “very important” creditor of Sri Lanka and it would likely be in the interest of both countries if China participated in restructuring Sri Lanka’s debt, U.S. Treasury Secretary Janet Yellen …
China’s H1 fiscal revenue up 3.3%: finance ministry
China’s first-half fiscal revenue reached 10.52 trillion yuan ($1.56 trillion), an increase of 3.3 percent after deducting the factors of tax rebates, according to data released by the Ministry of …
Yellen Says She Will Push China to Restructure Debts of Developing Countries
Beijing’s role as a creditor to many countries around the world has come under fresh scrutiny following an uprising in Sri Lanka.
A banking crisis is brewing in rural China
Depositors in the central Chinese province of Henan are protesting that banks have frozen their funds. All across China, small regional lenders are under pressure amidst a slowing economy.
