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.
Tagged By financials
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 …
Analysis:China trust deficit: crisis spurs shadow banking policy response calls
Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected to hasten a policy response to revive the country’s …
China central bank cuts key rate by most since 2020
China’s central bank unexpectedly reduced a key interest rate by the most since 2020 to bolster an economy that’s facing fresh risks from a worsening property slump. The yuan and bond yields slumped.
US stocks slide amid banking fears, weak China data
US stocks slid on Tuesday as investors fretted over the banking sector and took in data showing another weak month for China’s economy.
Stumbling China adds shadow banking mess to a property crisis
China’s latest rate cuts will do little to soothe growing concerns about contagion from the property sector spilling into the broader economy.
Stocks sink as China woes spark global sell-off: Stock market news today
China’s continued economic woes took center stage globally … as Wall Street analysts signal bullish optimism ahead of next week’s earnings. As Yahoo Finance’s Ines Ferré reports: “We expect a …
China’s economy under ‘significant amount of stress’: Analyst
China’s economic situation takes a turn after the country’s central bank slashes its lending rates and its real estate sector comes under pressure. Rhodium Group Associate Director Charlie Vest joins …
China slashes rates and suspends data on youth unemployment as troubles mount
Chinese officials have cut key interest rates and begun obscuring data as the world’s second-largest economy struggles and threatens to cause global turbulence.
