Many are calling for a loosening of home- and car-buying restrictions that major cities such as Beijing have imposed for years, to help avoid a hard landing in the property market that would have deep…
Tagged By financials
UPDATE 1-Foreign investors reduce China’s onshore bond holdings in July
Foreign institutions held 3.24 trillion yuan ($444 billion) in bonds traded on China’s interbank market as of the end of July, the central bank’s Shanghai head office said on Tuesday, down from 3.28 trillion yuan…
French finance minister says economic ‘decoupling’ from China is impossible
France’s finance minister said during a visit to Beijing on Sunday that cutting all economic ties with China was “an illusion”, as some Western countries question their reliance on the Asian giant.
A major Chinese trust firm missed payments, adding to Beijing’s financial concerns
A trust linked to one of China’s wealth management giants has failed to make payouts on dozens of products in another sign of trouble in the country’s economy. Multiple clients at Zhongrong International Trust reported…
China’s dilemma in trying to manage debt crisis
A collapse in the financial and real estate sectors could plunge the country into recession.Mismanagement of a real estate debt crisis could cause a sustained period of stagnation like the one Japan experienced in the…
China likely to cut more US debt holdings
Jiang Xianling, executive president of the UIBE & CAITEC International Business Strategy Institute, said that China has been reducing its US debt holdings since the second half of last year as part of …
China’s financial recession will be dangerous for US economy – US Treasury Secretary warns
The US economy is in very good shape. However, China’s financial recession may threaten the US economy. The downturn in China’s economy will majorly impact neighbouring Asian countries. Besides, the US can’t avoid this crisis…
China Shadow Bank Crisis Sparks Protest by Angry Investors
A group of investors protested at the Beijing office of Zhongrong International Trust Co. after the Chinese shadow banking giant missed payments on dozens of products.
China is hiding key data to pretend its economy is doing OK. It’s not.
Beijing has stopped reporting youth unemployment numbers, and asked economists not to talk about deflation or faltering growth.
China’s heathcare costs fuel consumption in ageing society, but alarms are blaring in the medical insurance fund
In difficult economic times, Chinese people have become increasingly reluctant to tap into their savings, but healthcare costs are on the rise as the population gets older and people invest more in …
A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world’s second-largest economy
Wang Qiang, the company’s chief compliance officer, told investors earlier this week that the company — a part of China’s shadow banking sector — had missed payments on at least 30 products, Bloomberg reported Wednesday,…
China £2.4trn economic meltdown ‘has ‘spillover potential for UK’ warns banking expert
EXCLUSIVE: Bob Lyddon also believes it is very difficult to tell how exposed UK banks are to Chinese counterparts.
Yen treads on intervention zone; kiwi, Aussie dollars hit by China woes
The China gloom saw the Australian and New Zealand dollars … as they have been last year in their rhetoric against defending a weakening yen, with Finance Minister Shunichi Suzuki saying on Tuesday …
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