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Chinese Debt Issues Lurking in the Shadows

As if the mounting pile of failed loans to local governments isn't enough of a concern on its own, The Diplomat's Minxin Pei writes that the hidden debt - the product of off-balance sheet "shadow lending" - may be the biggest...

Chinese Watchdog Eyes Local Loan Books

From the Financial Times: China’s top bank regulator has expressed concern over loans made to local government companies, saying Beijing was prepared to dispatch investigators across the country to check the debt carried by...

China Tightens Screws on Lenders

From the Herald Sun: The China Banking Regulatory Commission tightened rules on personal and working capital loans to bar them from being used for speculation. Lenders shouldn't "over-grant" the loans that companies use to...

IMF to Study Congo’s China Deal

From Reuters: The International Monetary Fund's country representative for Congo, Xavier Maret, said the $9 billion mining and infrastructure partnership with China signed by Kinshasa this year had raised questions about Congo's...

Increased Appetite For Borrowing In China - Raphael Minder

A new McKinsey survey reveals some unexpected information about the financial habits of wealthy Chinese. From the Financial Times: The management consultancy said that 31 per cent of affluent people surveyed in mainland China were now interested in borrowing, a “surprising” jump from 19 per cent in 2004, when it last carried out its Asian […]

Report Sounds Alarm Over Big Groups’ Loan Habits – Hu Runfeng

From Caijing.com.cn: The People’s Bank of China ‘s Shanghai branch has warned commercial bank lenders about the risks involved in extending credit lines to octopus-like company groups. In a first-of-its-kind report released July 31, the central bank cited two examples of credit abuse by unnamed groups, although Caijing has learned that the questionable borrowers were […]

Chinese Colleges Owed Millions of Yuan in Unpaid Loans – Xinhua

From Xinhua: Many Chinese colleges and universities are owed millions of yuan because students are unable to, or choose not to, pay back tuition loans, the Ministry of Education said on Monday. “We have found that many universities and colleges have several million yuan of defaulted tuition fees, some have nearly a billion,” Cui Bangyan, […]

China Banks Hit for Illicit Loans – BBC News

From BBC News: China’s banking regulator has punished eight banks for illicity lending money to two state bodies that invested the cash in the stock and property markets. The China National Nuclear Corporation and China Shipping Group illegally used the billions of yuan loaned to them. The China Banking Regulatory Commission (CBRC) has now punished […]

Paul Krugman: The Chinese Connection

In the New York Times, columnist Paul Krugman writes: Over the last few years China, for its own reasons, has acted as an enabler both of U.S. fiscal irresponsibility and of a return to Nasdaq-style speculative mania, this time in the housing market. Now the U.S. government is finally admitting that there’s a problem – […]

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