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Logan Wright, director of China markets research at Rhodium Group, agreed, saying: “The slowdown in China’s economy is structural, caused by the end of an unprecedented expansion in credit and ...
China's leadership is relying on an export surge to revive slumping growth, but those policies won't extract the world's second largest economy from the malaise that it's in, a top China watcher said.
Jia, currently president of the China Academy of New Supply-side Economics, a private think tank, was quoted as saying the potential bond issuance of up to 10 trillion yuan was “not unreasonable ...
The new regulations affected Evergrande Group, China's second-largest property developer, and the Chinese real estate market as a whole. [5] In addition, the Chinese shadow banks, such as Sichuan Trust, have been greatly effected by the property sector crisis due to over lending and a crackdown on regulations. [6] [7]
China’s economy has been in doldrums since April, when momentum from a strong start to the year faded. But concerns have intensified this month following defaults by Country Garden, once the ...
According to analysts, a rise in default by "shadow banks" (as trust companies are also known) with strong ties to the Chinese property sector would add pressure to the real estate sector in China. [71] Bloomberg Economics estimated that the trust sector's exposure to real estate was around 10% of total assets. [72]
By contrast, China’s economy is stuck in a relative slump with growth slowing drastically from the double-digit gains that were typical in prior decades amid a real estate crash, weak consumer ...
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).