"Housing And Local Debt Are China"s Time Bombs", Chinese Billionaire Warns

The PayPal and Palantir cofounder made the suggestion during a discussion about China disliking that the US dollar is the world's reserve c.....»»

CNS Photo/Reuters The Xinjia Hotel in Quanzhou, China, collapsed around 7:30 p.m. Saturday local time.  The building was being used to quar.....»»

Chinese President Xi Installs Finance Experts To Avoid "Lurking, Devastating Debt Bombs" The average forecast for China's GDP in 2020 could be around 5.9%, indicating that the world's second-largest econo.....»»

The leadership in Beijing probably wasn't too disappointed with the country's slowest in nearly 30 years 6.2% annualized GDP print published early Monday morning local time, after all, in keeping with China's "no surprises" mandate on economic .....»»

Ever since Beijing allowed private Chinese companies (even certain state-owned enterprises) to officially fail for the first time in 2016, and file for bankruptcy to restructure their unsustainable debt loads, it's been a one-way stre.....»»

President Donald Trump told reporters Wednesday tariffs on Chinese goods could remain in pl.....»»

Chinese Debt Hitting Stocks? Any analyst or market commentator who warns about the debt bubble or "shadow banking" in China is bound to be right... eventually.My goal is not to be right, but to take .....»»

Hundreds of people angry at a debt-laden Chinese city’s plans to deal with overcrowded public schools clashed with police in a protest that shows the social tensions beneath China’s long-running local-government debt problems......»»

Back in 2017, we explained why the "fate of the world economy is in the hands of China's housing bubble." The answer was simple: for the Chinese population, and growing middle class, to keep spending vibrant and borrowing elevated, it had to feel com.....»»

Authorities in the northern Chinese province of Hebei have rolled out an app over WeChat which can tell people if they're walking near someone in debt, according to C.....»»

The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a broader crackdown on unpaid bills. read more.....»»

China Plans To Build Giant Wind Farm Next To USAF Base In Texas  Texas lawmakers have launched an all-out effort to block a Chinese billionaire from .....»»

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The Biggest Threat To US Hegemony: China, Russia, Or Debt? Via The Mises Institute, Now that the Biden administration has settled in, it is time to reassess American policy towards Russia, China and the wider Asian scene. Is it going to.....»»

What happens when a company set up by the Chinese government to help clean up toxic debt in the country’s banking system gets into trouble itself? It seems we’re about to find out. Investors were spooked when China Huarong Asset Management Co.,.....»»

The Chinese economy grew by a record 18.3% in the first quarter of the year compared with the same period of 2020, when it had shrunk for the first time in decades due to the COVID-19 pandemic......»»

Jack Ma's company accepted the huge penalty levied by Chinese regulators on Saturday. The billionaire mogul has been under increased scrutiny for some time .....»»

The PayPal and Palantir cofounder said he was also worried about AI and wanted to restrict US investors' access to Chinese.....»»

The Chinese capital gained 33 billionaires in 2020 for total of 100, just edging out New York City with its 99 billionaires. For the first time ever, Beijing is home to more billion.....»»

It's the first time China has taken part in this preliminary stage of Russia's International Army Games competition Chinese soldiers train on a snowy plateau in Tibet, June 11, 2018. TPG/Getty Images A team of Chinese soldiers is heading to.....»»