High-risk shadow credit products with yields of 11% to 14% now total 19 trillion yuan, potentially posing a greater risk to China’s economy than corporate loan defaults, according to the International Monetary Fund. The IMF […]
The International Monetary Fund predicts 6.6% growth in China’s economy this year with 2% inflation, praising Beijing’s reform drive as a positive contributor to enviable performance. However, the IMF also pointed to the predominance of […]
The People’s Bank of China said in its monetary policy report that it isn’t planning any additional monetary easing. The central bank rejected the idea of lowering its bank required reserve ratio, saying that would […]
Banks in China are rapidly increasing participation in the financing of global mergers and acquisitions. Encouraged by Premier Li Keqiang’s “going out” policy, lenders have raised their share of global syndicated loans for mergers and […]
Commercial banks saw annualized profit growth of 3.17% in the first half of 2016, a slowdown from recent gains, according to the China Banking Regulatory Commission. Assets were up 15.7% from a year before, and […]
Net foreign direct investment in China’s financial institutions came to 1.826 billion yuan in the second quarter, about half the total in the preceding period. Chinese financial institutions’ net overseas direct investment in Q2 amounted […]
Consumer inflation in China grew less rapidly in July as increases in food costs abated, giving authorities more room to ease monetary policy in the world’s second-largest economy. China’s Consumer Price Index slowed to an […]
At first glance, China’s national debt burden of less than 50% of GDP appears manageable, but the figure that includes all sources is comparable to — or worse than — that of the US during […]
China’s exports and imports fell more than expected in July, making a rocky start for the third quarter and suggesting global demand remains weak in the aftermath of Britain’s decision to leave the EU. Exports […]
Xiaomi has joined the virtual reality landgrab with a cheap smartphone-based headset which will be compatible with devices from 4.7-inch to 5.7-inch in size. More than 1M consumers have already signed up to trial the […]
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