China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
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.....»»
Vacations, planes, and high-speed trains are off limits if you"re in too much debt in China
So-called deadbeat debtors are stigmatize.....»»
The 10 best hotels to stay at in Rome now that quarantine-free flights are available to Italy
We've curated a list of the best hotels in Rome, from budget to luxury stays, to give visitors a true taste of Italian hospitality. If you buy through our links, we may earn money from affiliate partners. Learn more. Avent.....»»
China"s Gen Z Splurges On Luxury As Its Debt-To-Income Nears An Insane 2,000%
China's Gen Z Splurges On Luxury As Its Debt-To-Income Nears An Insane 2,000% While representatives of Ame.....»»
Oil soars on easing U.S.-China trade tensions
Oil prices rose more than 3% on Tuesday after the United States said it will remove some products from its China tariff list, easing concerns over a global trade war that has pummeled the market in recent months......»»
China has a silver bullet in its trade-war arsenal
If China devalues the yuan, the country might think it can win the trade war and fix its massive debt overhang......»»
Statsguru: Total private debt soars in China, remains stable in India
The top three borrowers in the world are the United States, China and Japan.....»»
Canada Goose soars on parka sales and China expansion, topping Wall Street forecasts
Luxury cold weather apparel and gear maker Canada Goose Holdings' stock soared on higher sales of the.....»»
I rode super-fast bullet trains in China, Japan, Korea, and Russia, and one is better than the rest
Shutterstock On a recent trip through Asia and Europe, I had the opportunity to ride bullet trains in China, Korea, and Russia. Last year, on a trip to Tokyo to launch Business Insider Japan, I rode a bullet train from Tokyo .....»»
The US economy is already in a recession, and it"s following the same path as China by becoming reliant on debt, veteran forecaster says
Rising layoffs and sluggish job growth are major signs the economy is already in a hard-lan.....»»
Gold Soars Against The Odds: Eastern Buying Spree Or 1970s Redux? Billionaire Investor David Einhorn Thinks There"s A "Secular Trend"
China, the second-largest economy globally, has been particularly active in this trend, increasing its gold reserves by 16% over the past 17 months. read more.....»»
I compared a $180 luxury bus to a $46 coach bus, and the expensive option was almost better than flying first-class
I typically take planes or trains from New York City to Washington, DC. This time, I compared a luxury Jet Bus to a regular money-saving coach option. .....»»
China Bans All Synthetic Cannabinoids
This article by Franca Quarneti was originally published on El Planteo, and appears here with permission. The Chinese government has announced that all synthetic cannabinoids will be included in the list of banned drugs. read more.....»»
China Trade Soars In April As Global Economies Reopen
China Trade Soars In April As Global Economies Reopen Another month, another blowout trade report from China. China's April exports rose 32.3% yoy in dollar terms, well above market expecta.....»»
The Trump Organization charged taxpayers for undisclosed stays and luxury car rentals at his foreign golf resorts
The receipts provide further evidence of how the former president's family profited from his time in office. Donald Trump golfing at Trump International Golf Links course in Aberdeenshire, Scotland Photo by Andy Buchanan / AFP US .....»»
Master Your Money Bootcamp: Make a list of all your debt balances
During the second week of the Master Your Money Bootcamp on demystifying your finances, we're focused on managing debt balances......»»
The Biggest Threat To US Hegemony: China, Russia, Or Debt?
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.....»»
Huarong Bonds Tumble Again As Fresh Debt Restructuring Rumor Surfaces
Huarong Bonds Tumble Again As Fresh Debt Restructuring Rumor Surfaces One week after the dollar bonds of China Huarong Asset M.....»»
Why China ‘Bad Bank’ Huarong’s Fall Is Big Bad News: QuickTake
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.,.....»»
What ‘Keepwell’ Means in Case of China Bond Defaults
A potential restructuring at one of China’s largest state-run asset managers of distressed debt -- China Huarong Asset Management Co. -- is stoking fresh concern about the labyrinthine structures that the nation’s borrowers use to issue and gua.....»»
Tesla Reassures China Of Data Protection As Military Imposes Further Restrictions: Report
Tesla Inc (NASDAQ: TSLA) on Tuesday reassured China that data collected from its electric vehicles in the country stays there, reiterating its earlier stand over user privacy protection in the country, according to read more.....»»