global financial crisis

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Shadow Lending Lingers as Threat to Banking System

The ratio of non-performing loans on the balance sheets of Chinese banks declined in 2012, according to their latest earnings reports, but does that indicate an improving bill of health for the financial sector? A new Reuters...

The Five Vermin Threatening China

The China Story has posted a translation of ‘Where Are the Real Threats to China?’ by Yuan Peng, which was originally published in the overseas edition of People’s Daily in July. In his introduction, Geremie R....

China Bans Foreign Vessels from Waterways

Bloomberg reports China is banning foreign vessels from sailing on its domestic waterways, which are among the busiest in the world. Amid the economic slowdown, the shipping industry was hit by a contraction in trade: Overseas...

September Economic Data Exceeds Expectations

Economic data released over the weekend indicated that China’s economy may have begun to stabilize in September, as both the trade surplus and money supply grew more than estimated and inflation fell to its slowest pace in...

Slowing Growth Hurting China’s Super Rich

Don’t tell China’s ultra rich that it hasn’t been a hard landing for the world’s second largest economy – Billionaires in the PRC have felt the brunt of the global economic crisis, according to a...

Do New Policies Signal Road to Recovery?

Bloomberg reports that the Chinese government has approved plans to build over 2,000 kilometers of roads as it aims to reverse slowing economic growth: The projects include highways in Zhejiang and Xinjiang provinces, according...

Lots of Sellers, But Few Buyers In China

After a key indicator of manufacturing health fell to a 9-month low yesterday, Keith Bradsher of The New York Times details the mounting inventories of unsold goods weighing on Chinese businesses: The glut of everything from...

Foreign Architects Riding China’s Wave

For The New York Times Magazine, Brook Larmer highlights the flood of American and other foreign architects that have set their sights on China in recent years as development prospects have waned in the west: Over the past three...

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