banking

Chinese Debt Issues Lurking in the Shadows

As if the mounting pile of failed loans to local governments isn’t enough of a concern on its own, The Diplomat’s Minxin Pei writes that the hidden debt – the product of off-balance sheet “shadow...

Banks, Insurers Swimming Different Currents

Following last weekend’s interest rate cuts by The People’s Bank of China, which signaled a move toward a more market-based banking system, The Wall Street Journal reports that China’s banks will likely feel...

On Economy, Will Government Walk The Walk?

With China posting its lowest quarterly GDP rise since 2009, The Diplomat’s Minxin Pei writes that while state control of the Chinese banking system may help to avoid a seizure in the short-term, the economy’s...

Premier Wen Jiabao Talks Like a Bold Reformer

Bloomberg BusinessWeek asks whether Premier Wen Jiabao’s recent bold proclamations will have any impact or are just part of an effort to ensure his legacy as a reformer: First came his remarkable and likely last press...

Citibank Gets the Nod From China

The US-based Citibank announced that China has approved of the bank offering credit cards in China. Citibank will launch the program later this year, and it is the first non-Asian bank to offer credit cards in China. BBC...

China Sees Increase in Trade Surplus

Amid reports of increased manufacturing, China’s export rate has increased in December, showing a widening trade surplus. Economists see this widening gap between imports and exports as an indicator of a slow patch in the...

China's Manufacturing Activity Slows

Amid concerns that global demand for Chinese exports will decrease, the China’s Purchasing Manager’s Index has dropped for the first time in three months. This drop is the lowest recorded growth in three years. BBC...

China’s Ticking Debt Bomb

From afar China appears to be staying afloat of the massive economic crisis affecting the world.  The Diplomat takes a closer look into the tenuous economic structure keeping China ahead of the rest of the world. China appeared...

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