Are cadres the answer to China’s property market crunch? Some local officials seem to believe so. Hundreds of thousands of homebuyers across China have boycotted their mortgages payments in protest against the stalled...
Under President Xi, censorship has expanded in scope and is increasingly impacting areas such as...
At China Real Time Report, Tom Orlik arms “panda-loving” readers for battle against gloomy forecasters of bursting investment bubbles, real estate collapse, shadow banking catastrophe, dwindling workforces and...
At The New York Times, Paul Krugman points to China as an emerging “danger spot” in the world economy, and warns that even if Beijing is able to plot a course through looming trouble, it may lack the control...
Recalling previous panic over a charging Japanese economic juggernaut that since failed to hold true, Reason’s Ronald Bailey attempts to defuse all-too-familiar and increasingly popular fears of American decline relative...
After the reported slow down in October and the claims of a “soft landing” by China’s economists at APEC, the International Monetary Fund (IMF) warned that China’s banks were susceptible to off-balance...
Chinese tycoon Huang Nubo plans to buy a large tract of north-eastern Iceland, enhancing the wilderness with a hotel, golf course, horse farm and race track (see a video report at The Financial Times). The purchase set The New...
Bloomberg reports that Premier Wen Jiabao has stabilizing prices as the top economic priority for China: The Premier reiterated that China faces a “very complicated, unstable and uncertain environment both at home and abroad”...
A debate is raging among financial experts over China’s economic growth and whether or not it is a bubble waiting to pop. From the New York Times: New high points, it seems, are reached daily. China surged past the United...
In Forbes, Gady Epstein writes that “a fast-growing pile of dicey debt” is responsible for China’s surging economy, but the bubble may soon burst: Signs of the times: government bureaucracies funding themselves...
Bloomberg reports: China’s economy isn’t “sustainable” and the benchmark Shanghai Composite Index may fall another 25 percent, former Morgan Stanley Asian economist Andy Xie said in an interview. “The market is in deep bubble...
Andy Xie, an independent economist in Shanghai, writes in his new article 《又疯狂了》(“Crazy Again”) on his blog: Chinese stock and property markets have bubbled up again. It was fueled by bank lending and inflation fear. I...
Joe McDonald reports for the Associated Press: Provincial Chinese governments have proposed more than $1 trillion in spending on roads and other projects on the heels of a massive national stimulus package designed to shield...
This is actually a story that can be best summed up by a Chinese proverb, “crying up wine selling vinegar,” or hanging up lamb selling dog meat (ÊåÇÁæ䧥ÂçñÁãóËÇâ), as many Chinese companies have been doing to derail from core businesses to plow huge funds into the rocketing stock market. From BusinessWeek: By now every investor […]
Analysts point out the similarities in China’s bull market to Japan’s situation that led to a financial crisis in 1990. One economist compares China to a “giant elephant riding a bicycle – it has to maintain a fast speed, otherwise it will crash.” From AP via insidebayarea.com: When financial crisis devastated its Asian neighbors a […]
From Maclean’s: If Japan was a surging tide, then China is a tsunami. The globe’s most populous country turned manufacturing juggernaut has a one-two punch of low-cost labour and homegrown national champions taking the world by storm. Its economy, which has been growing above nine per cent for a decade, has already surpassed Japan’s in […]
From AP, via HoustonChronicle.com: China faces a potential property bubble whose bursting could leave banks with huge losses, the central bank said in a report ” the government’s frankest assessment so far of the risks from inflated real estate prices. Average real estate prices in China rose by 14.4 percent in 2004 over the previous […]
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