Wall Street firms have brushed aside concerns about recent upheaval in China—including the crackdown on businesses by the Chinese Communist Party—and see the country as a good bet. The New York Times reported that BlackRock, the largest asset manager on the planet, recommended that investors increase their exposure to China while bankers from J.P. Morgan and...
50 search results for: Evergrande
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WILL EVERGRANDE DIVE CRASH CHINESE MARKETS?
Major investors, including Blackrock, Bridgewater Associates and Pacific Investment Management, are shrugging off the financial crisis that has struck Evergrande, China’s largest property developer, and sent a wave of anxiety through global financial markets earlier this month, according to The Wall Street Journal. Evergrande announced earlier this month that it might not be able to...
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CHINA’S REAL ESTATE MARKET TEETERS ON EVERGRANDE’S DEBT
Chinese real estate giant Evergrande, with 200,000 employees and more than 1,300 residential developments across the country, owes $300 billion and has warned investors that it might have no alternative but to default. That announcement brought investors literally to the company’s doors, demanding their money back, and jolted analysts and the real estate industry to...
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
We have repeatedly provided Trends Journal subscribers with details and facts of China’s economic rise and fall. For over a decade we had forecast that while the 20th century was the American century, the 21st century would be the Chinese century... because the business of China is business while the business of America has been war.
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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.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Despite vowing policy support to jolt China’s economy back to life, the country’s leaders have done little other than make promises, global investors have said as they scaled back their expectations for China’s economic growth this year.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s factory activity continued weak in June, although less so than in April and May, government figures showed. Exports shrank in May at an annual rate of 7.5 percent.
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
New data shows China’s post-COVID economic recovery has vanished and is now weakening across a broad range of sectors, leaving it “teetering on the brink of deflation,” CNBC reported.
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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.
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SPOTLIGHT: CHINA
China’s manufacturing economy slumped in April, with the purchasing managers index (PMI) for the sector slipping from 51.9 in March to 49.2 last month.