Several reports published over the past two weeks shine a light on China’s lending practices abroad, in the context of an ongoing international debt crisis along parts of the BRI. The reports trace the evolution of BRI loans and...
Over the past few weeks, tens of thousands of Chinese homebuyers have banded together and refused to continue paying mortgages on unfinished homes. Homebuyers in China frequently purchase “pre-sale” homes long before developers...
The following censorship instructions have been leaked and distributed online. China Construction...
A recent report from China’s National Audit Office shows an increase in borrowing at the local government level. The audit, which covered more than 200 local government financing vehicles, indicates that local debt has...
November data has reinforced the cautious optimism that began to creep into the Chinese economy in September, as factory output and retail sales reached eight-month highs and inflation remained under control. Not all signs...
Despite reports by state media last month that China’s “Big Four” banks had made almost no new loans in the first half of May, Reuters reports that bank lending for the month rose more than expected: New loans...
The Wall Street Journal’s China Real Time blog has launched a new online reference tool for viewing China’s economic statistics: To save China Real Time readers the trouble of fighting it out with journalists at the...
On the surface it might appear that China is faring these turbulent economic times well. But buried beneath empty high-rise apartment buildings the shrinking middle-class cannot afford is an unstable economic foundation. The...
Beijing is to take on some 2-3 trillion yuan of local government debts according to Reuters, hoping to stave off a wave of destabilising defaults in the future. As part of Beijing’s overhaul of the finances of...
As Chinese banks increase lending, the government looks to pass new, stricter regulations on capital requirements. From Bloomberg News: Chinese banks may have to raise about 860 billion yuan ($131 billion) of stock over six...
The Associated Press reports that China has moved to limit bank lending to prevent the economy from becoming overheated: Chinese leaders worry that a stimulus-driven torrent of lending is fueling a dangerous bubble in stock and...
From Washington Post: China’s state-owned banks have become a main engine of the global recovery, financing the construction of copper mines, purchase of airplanes, expansion of retail stores and other projects even as...
From Bloomberg: China’s central bank reaffirmed plans to keep a “moderately loose” stance for 2010 and to restrict credit for industries with excess capacity, in its final monetary policy statement for the year. “Strict lending...
From Bloomberg: China plans to tighten capital requirements for banks, threatening to curb the record lending that’s fueled a 60 percent rally in the nation’s stock market, three people familiar with the matter said. The China...
The New York Times reports: While banks in the United States and Europe are still reluctant to make loans because of fears they will not get their money back, Chinese banks issued a record 7.4 trillion yuan, or $1.1 trillion, in...
From Wall Street Journal: Chinese financial officials called on the U.S. and other developed nations to do more to rein in protectionism and deal with toxic assets in their banking systems, reflecting the nation’s...
From BBC News: Chinese banks’ surge in lending to support the government’s stimulus package is leading to excessive risk taking, said the Fitch ratings agency. Banks lent 5.2 trillion yuan ($762bn; £489bn) in the...
From Caijing Mazagine: China’s banks approved a combined 4.58 trillion yuan in new loans during the first quarter – a remarkable cash surge equal to the total amount of bank lending for all 2008. It shocked some to see the...
Click on the image to download Firefly for circumvention
CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.
