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 …
Tagged By financials
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 …
“Enough Is Enough”: Rishi Sunak Pledges To Get Tough On China If Elected
Rishi Sunak on Sunday promised to get tough on China if he becomes Britain’s next prime minister, calling the Asian superpower the “number one threat” to domestic and global security.
Sunak and Truss pledge to tackle China ‘long-term threat’ to Britain
Rivals to be prime minister both promise tough stance on Beijing as they prepare to meet in first head to head TV debate …
The real debt trap is not from China, says Integrated Development Studies Institute
The “scrapping” of the China loans for three infrastructure projects was not initiated by China, but by structural constraints. Many critics forget that it is the Philippines that proposed and …
