BEIJING, June 15 (Xinhua) -- China has the capability to solve its debt problems and a crisis is unlikely, a prominent economist said Wednesday. China's overall debt is not excessive compared with other countries and its government debt is controllable, said Li Yang, head of the National In...
Against the backdrop of a worsening real estate crisis and weakening economic situation in China, the debt situation of the country has increasingly cached attention recently. While some observers see China on the edge of a financial crisis, others are more relaxed and trust that the Chinese gove...
BANGKOK (AP) — A Hong Kong court’s order to liquidate China Evergrande, the world’s most heavily indebted real estate developer, is only a tentative step toward resolving a debt crisis that is haunting financial markets and dragging on the Chinese economy. Evergrande owes $340 billion to...
CHINA’S banking sector could be facing an imminent “debt crisis,” a global central bank watchdog has warned, fueling fresh fears of a “blowout” in the world’s second-largest economy which could hit the global financial system. The Bank for International Settlements (BIS) — dubbed ...
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The central gov't will soon grade local officials' performance partly by how indebted they are, in response to concerns about the impact of that debt on the health of the economy.Investor'sBusinessDailyInvestors Business Daily
"However, this would also imply China Evergrande's debt crisis may snowball down the road," the bank said in a note, adding that economic growth will not mitigate financial losses as was the case in the past.
Chinese developer Evergrande is on the brink of collapse from its $300 billion debt, threatening repercussions for China's real estate market. Wed, Sep 29 20219:37 PM EDT Nessa Anwar Emily Tan Chinese real estate behemoth Evergrande faced its biggest crisis in September 2021, spooking markets an...
expand by more than 7 per cent this year, despite ballooning private sector debts. But the pessimistic minority has history on its side. Only five developing countries have had a credit boom nearly as big asChina’s. All of them went on to suffer a credit crisis and a major economic ...
Over the past few years, although the financial crisis has swept the United States, and the sovereign debt crisis has dragged down economic growth in Europe, the world's major luxury goods groups have achieved at least the best performance in nearly ten