A new survey shows more than two-thirds of Chinese bankers are not optimistic about China’s current macroeconomic climate. On June 29, the People’s Bank of China released its latest nationwide Banker Survey Report (pdf), showing various indices about the country’s macroeconomic climate, banking industry, loan demand, and monetary policy. The central bank report indicated that…
More Than Two-Thirds of Chinese Bankers Are Not Optimistic About China’s Economy: Survey
July 13, 2022
admin
banking industryChinaChina Business & Economychinese bankersChinese economymonetary policyzero-covid policy
0 Comment
China’s Banking System Is Short on Cash: Gordon Chang
China is going through a systemic debt crisis due to lack of liquidity, according to China expert and author Gordon Chang. Chang pointed to a number of banks in China’s north-central Henan Province that reportedly did not allow 400,000 depositors to withdraw money, saying “The [Chinese Communist] Party right now has no economic answers. The…
Hong Kong and China Upgrade Currency Swap Line, Allowing Beijing Access to Foreign Currency Reserves
July 13, 2022
admin
central banksChinaChina Business & Economycurrency swap lineforeign currency reservesHK BusinessHKMAHong KongHong Kong Monetary Authoritythe people's bank of chinayuan
0 Comment
Nearly 30 percent of Hong Kong’s foreign currency reserves are now accessible to Beijing after the People’s Bank of China (PBC) and Hong Kong Monetary Authority (HKMA) upgraded their currency swap line on July 4. Upgrading the currency swap line to a standing arrangement was one of two new policies announced by the PBC and…
Netizen Claims Chinese Police Have Special Surveillance WeChat Version
A Chinese netizen claims that there is a police version of WeChat, a messaging app that’s widely used in China. The app logo is blue, different from the typical green WeChat icon, and the blue version comes with a bonus: the user is also an administrator who can visit the records of connected users. She…
$6 Billion of Deposits Vanish From Chinese Local Banks, Police Beat Protestors
July 12, 2022
admin
bank protestCCPChinaChina Business & EconomyChina InsiderChinese bankschinese communist regimeChinese Regimedavid zhangeconomic crisis in ChinaEpochTVHenan protestHenan Provincelocal bankspolicesocial controlSocial IssuesSpecial Topicszhengzhou protest
0 Comment
Chinese police beat protestors who cannot withdraw from banks. Billions of dollars are stuck, a massive amount has vanished, and authorities are not giving an answer. What is behind the chaos over the weekend? And why are the protestors asking foreign media and the U.S. embassy to pay attention? Click the “Save” button below the…
Beijing’s Secret Trial of Chinese-Canadian Billionaire Indicates Power Struggle Within CCP: Analysts
News Analysis A Chinese-born Canadian tycoon with reported links to the Chinese Communist Party (CCP) elites was recently on trial in Shanghai after five years of forced disappearance. China observers say the situation indicates a power struggle among political rivals within the CCP system. Xiao Jianhua, 55, appeared in a Shanghai court on July 4. The…
Beijing Shows a Hint of Desperation
News Analysis Beijing is beginning to look desperate. Months ago, it reduced its real growth target of 2022 to only 5.5 percent. Severe restrictions to deal with COVID-19 make even that reduced number look unattainable. Beijing also needs to overcome the natural tendency for any economy to see slower growth as it achieves higher levels…
Why China Acquired the London Metal Exchange
July 12, 2022
admin
ChinaChina Business & EconomyChinese Regimecommodity exchangedemon nickelLondon Metal Exchange (LME)
0 Comment
In early March, nickel futures on the Chinese owned London Metal Exchange (LME) surged by nearly 250 percent. The LME then made the unusual decision to suspend nickel trading for over a week, which canceled thousands of trades worth billions of dollars. That debacle resulted in a probe and several lawsuits. Recently, a Chinese banker…
Why China Acquired the London Metal Exchange: Banker
July 12, 2022
admin
ChinaChina Business & EconomyChinese Regimecommodity exchangedemon nickelLondon Metal Exchange (LME)
0 Comment
In early March, nickel futures on the Chinese-owned London Metal Exchange (LME) surged by nearly 250 percent. The LME then made the unusual decision to suspend nickel trading for over a week, which canceled thousands of trades worth billions of dollars. That debacle resulted in a probe and several lawsuits. Recently, a Chinese banker explained…
Chinese Media Tries Downplaying Turkey’s Discovery of Second Largest Rare Earth Reserve
Turkey has disclosed that it has found a huge rare earth reserve of an estimated 694 million tons in the central Anatolia region. It is understood to be the world’s second-largest raw earth reserve, with the biggest being an 800 million ton site in China. The Turkish statement has been attacked by Chinese state-run media…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta