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...
Over the past two years, China has seen a proliferation of state-endorsed experiments representing...
The New Yorker’s Jiayang Fan examines China’s plans for a comprehensive social credit...
The Chinese government is preparing to launch a controversial credit score system that will...
While China’s shadow banking system, which by some estimations may have accounted for nearly...
Shenmu is a dried up boom town in northwestern China that illustrates the effects of China’s...
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...
This is the cover story of Forbes Magazine on March 16, 2009: Anyone who thinks China has avoided the kind of creative financing that got the Western financial world in trouble surely hasn’t met Zhang Kaiyong, chairman of...
From The Independent Online: China yesterday tightened its grip on credit in an attempt to prevent the torrent of cash generated by its ballooning trade surplus from overheating the economy. In a surprise announcement on the eve of the Chinese new year holidays, the People’s Bank of China ordered lenders to park another half a […]
From Xiandai Kuaibao via Xinhua News Agency (in Chinese), translated by CDT (link): Three reasons are behind the dropping consumption among Chinese and rising deposits: unstable income level, uncertain spendings and unsound consumption credit system. People have to increase their deposits, as a result of increased uncertainty in their job stability, as more competition is […]
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