Search Results for: debt

China’s Financial System: Red Mist

The Economist provides a Who’s Who of China’s financial system: FROM being a rounding error a decade ago, the financial clout of China now trails only that of America. By market capitalisation, it has three of the...

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Robert Scheer: Don’t Blame China

On Truthdig (via The Nation), Robert Scheer argues that those blaming China for the global financial woes are off-base: Citigroup led the way into the massive marketing of toxic collateralized debt obligations that has brought...

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Chinese Banks Find Their Credit In High Demand

From Washington Post: China’s state-owned banks have become a main engine of the global recovery, financing the construction of copper mines, purchase of airplanes, expansion of retail stores and other projects even as...

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The China Bubble

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...

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