Shadow Banking: China’s Wobbly House of Cards
While China’s shadow banking system, which by some estimations may have accounted for nearly...
Jan 29, 2014
While China’s shadow banking system, which by some estimations may have accounted for nearly...
Jul 25, 2013
Koh Gui Qing of Reuters writes of the “nightmare scenario” unfolding in provinces such as Jiangsu, home to China’s most indebted local government: Little public information is available on the total debt of...
Jul 16, 2013
Bloomberg columnist Willie Pesek writes that we should ignore China’s latest GDP growth figure, which slowed to 7.5% in the second quarter, because things “are much worse than they appear:” Even if we take the...
Jun 24, 2013
The Wall Street Journal reports that Chinese stocks “were in free fall on Monday” after Beijing scrambled over the weekend to assure investors that its financial system had ample liquidity. After the People’s...
Nov 5, 2012
A key measure of Chinese manufacturing activity edged into positive territory last week, as the official Purchasing Managers Index (PMI) rose from a September level of 49.8 to 50.2 for October. The expansionary figure represents...
Apr 2, 2012
Mixed messages continue to emerge about the state of China’s economy, after an official reading of China’s manufacturing sector defied a negative preliminary forecast and signaled a rebound in factory activity in...
Mar 26, 2012
Despite suggestions last week that the yuan exchange rate had reached equilibrium and hints of possible liberalization in its trading range, officials at the People’s Bank of China set the yuan’s U.S. dollar...
Nov 25, 2011
Amid tumbling real estate prices, credit woes in Wenzhou, and data released yesterday showing that China’s factory sector shrank the most in 32 months in November, Tsinghua University business professor Patrick Chovanec...
Nov 3, 2011
Local prosecutors in Wenzhou, ground zero for China’s growing credit woes, announced they have arrested a duo accused of running a shadow lending scheme. From China Daily: The wife, Shi Xiaojie, was suspected of illegally...
Oct 30, 2011
The ceremony for the prestigious Pritzker Architecture Prize will be held in Beijing next May, the Wall Street Journal reports: This is the first time in the prize’s 32-year history that the ceremony will take place in China....
Oct 6, 2011
In the wake of comments yesterday by Premier Wen Jiabao urging financial support for cash-strapped small businesses, the BBC details the growing fears of a Chinese credit crunch: Concern centres on China’s informal lending...
Oct 20, 2008
From the International Herald Tribune: As a result of the global economic downturn, the province of Guangdong may set up a fund to help newly unemployed factory workers. The proposal is believed to be in response to fears about...
Oct 12, 2008
The four-day meeting of the Party’s Central Committee was aimed to thrash out policies in an effort to tackle economic instabilities. Reuters reports: “The most important thing is to handle our country’s own...
Oct 11, 2008
From FT: Beijing has stepped up its monitoring of international financial institutions in the country amid fears that the failure of a large foreign group could see the global credit crisis spill over into a largely insulated...