From The Financial Times: The wave of foreign investment into China’s banking system has aspects of a gold rush. Foreign banks are staking out territory in promising but highly uncertain terrain. Last week Royal Bank of Scotland and its partners Merrill Lynch and Li Ka-shing became the latest to put down a sackful of dollars: […]
Read MoreThanks to China analyst David Cowhig for sending following translation to CDT: “Reform of the Chinese Political System” by Zhou Tianyong , vice director of research at the Central Party School and collaborators was...
Read MoreFrom the June 21 USA Today: All across the continent, Chinese companies are building dams, repairing roads and running telecommunications systems. The modern scramble for Africa resembles the late 19th century, when European nations carved up the continent as they searched for minerals and slaves. Now they have been joined by Chinese companies. With world […]
Read MoreFrom The Washington Post: As he rose through the ranks at China’s largest lender, Zhang Guilin helped build the bad debt crisis plaguing his country’s banks, the gravest threat to this fast-growing economy. Zhang directed funds to cronies and political allies, authorities here say, adding to a national toll of bad loans estimated at $500 […]
Read MoreIn 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 – […]
Read MoreFrom Newsweek: Formerly called Qingdao Refrigerator Co., the firm was more than $10 million in debt in the early 1980s. Today Haier is one of the world’s top five producers of household appliances, with 30,000 employees and more than $12 billion in revenue. CEO Zhang joined the company in 1984, when he was 35. An […]
Read MoreFrom The Financial Times: The fragile banking sector is not the only problem that ought to give Chinese leaders sleepless nights. There are also the country’s stock markets. The days are long gone when the rising markets of Shanghai and Shenzhen threatened to eclipse Hong Kong as the listing location of choice for the best […]
Read MoreThanks to David Cowhig for sending the following in to CDT: I’ve just started reading “Reform of the Chinese Political System” by Zhou Tianyong and collaborators. He is the vice director of research at the Central Party School and the book has a foreword by Li Junru, vice president of the Central Party School. The […]
Read MoreFrom U.S. Newswire: : China’s furious economic growth in recent years has created a bubble economy that is on the verge of collapse, according to Strategic Forecasting Inc. (STRATFOR), a leading private intelligence service. In its latest Decade Forecast report, STRATFOR says China’s economy is already on life support – with an estimated $500 billion […]
Read MoreFrom VOICE OF AMERICA: After 10 years of debate, China is close to enacting a bankruptcy law, a measure intended to raise investor confidence. But it could also be the long-awaited key to unlocking the debt problem burdening China’s banks. The National People’s Congress is expected to take up the bill at its session beginning […]
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