Zhongzhi Enterprise Group, one of China’s largest wealth managers, has announced it is bordering on insolvency, with between $58 billion and $64 billion in liabilities, in dollar terms. It has assets of less than $25 million, the company said.
314 search results for: SPOTLIGHT ON CHINA
SPOTLIGHT ON CHINA: ECONOMIC STRUGGLE
As we have noted, China’s current economic decline is mostly self-inflicted.
The nation’s economy boomed at the greatest level in modern history when the U.S. allowed it to join the World Trade Organization some two decades ago. Their economy boomed as western companies gave the cheap labor communist nation all the high-tech intelligence and heavy industry manufacturing skills they never had... to make what they were selling.
SPOTLIGHT ON CHINA
China’s manufacturing and services sector both slowed in May, offering more evidence that the growth spurt early this year after the government lifted anti-COVID restrictions has not lasted.
SPOTLIGHT ON CHINA
In November, retail sales in China fell 5.9 percent year over year as anti-COVID lockdowns persisted, industrial production shrank when orders from foreign buyers dwindled, and business investment slowed.
SPOTLIGHT ON CHINA’S TROUBLES
CHINA’S ECONOMIC OUTLOOK DIMS China’s manufacturing and service economies both showed marked slowdowns in April. The country’s official purchasing managers index (PMI) in manufacturing slipped from 49.5 in March to 47.4 in April, its lowest mark since February 2020, due in significant part to widespread, severe lockdowns to halt the spread of the COVID virus...
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s roaring rally in equity markets seems to be running out of energy. After the People’s Bank of China created a fund to make cheap loans that people and businesses could use to buy stocks, markets soared.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s equity markets have soared over the past two weeks in a way not seen in 16 years after the People’s Bank of China (PBoC) made cheap loans available to buy stocks.
SPOTLIGHT: CHINA’S GOVERNMENT STEPS UP
The Politburo, China’s inner circle of leaders, met last week in a rare September session and pledged to “issue and use” bonded government debt to fuel “the driving role of government investment” to revive the country’s staggering economy.
SPOTLIGHT: CHINA’S ECONOMIC CRISIS
By a range of measures, China’s economy continued to lose momentum in August, leading one analyst to call for a “bazooka” stimulus to the economy if the country is to reach its 5-percent growth goal this year.
SPOTLIGHT: CHINA’S ECONOMIC MALAISE
China’s economy will fail to meet Beijing’s 5-percent growth target this year, according to several investment banks that have now cut their forecasts for the world’s second-largest economy.