global financial risk

Wall Street Journal: China’s Systemic Risk

From an editorial in the Wall Street Journal Asia: A Chinese financial newspaper last month reported a case in which a Shanghai township took two billion yuan ($293 million) in loans intended for a new railway and instead used...

Chinese Regulator Warns of Global Financial Risks – Reuters

From Reuters via inquirer.net: Chinese banks need to be on high alert to international financial market risks, the country’s top banking regulator said in remarks published on Tuesday. Traditional business dealings and long-term corporate investment were being replaced with “high-risk and high-return short-term speculation”, said Liu Mingkang, chairman of the China Banking Regulatory Commission . […]

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