×
China Business & Economy

Chinese Banks’ Bad Debt Masquerade to End Soon

A worker installs sign outside a branch of the Industrial and Commercial Bank of China (ICBC) in Beijing.   (Greg Baker/AFP/Getty Images)
A worker installs sign outside a branch of the Industrial and Commercial Bank of China (ICBC) in Beijing. (Greg Baker/AFP/Getty Images)

Amidst a backdrop of souring loans and diminishing reserve ratios, Chinese banks last week announced the least encouraging quarterly earnings in almost a decade. Facing...




  • Chinese jobseekers attend a jobs fair in Beijing on May 18, 2013. (Mark Ralston/AFP/Getty Images)

    Why Chinese Save More Than People in the West

    Chinese people are known for their high savings rate, and for years Western businesses have been wishing they would spend more and save less. But... Read more

  • Steel pipes at a port in Lianyungang, eastern China's Jiangsu province, are being loaded for export on Dec. 1, 2015. (STR/AFP/Getty Images)

    Tsinghua Professor Slams China’s Inability to Implement 13th 5-Year Plan

    When Chinese professors come abroad to talk about the economy, they usually toe the party line. Justin Lin, a professor at Peking University, for example,... Read more

  • Several citizens crowd to look at a Shanghai reporter acting on press releases about the Second World Internet Conference in Wuzhen ancient town on December 16, 2015 in Jiaxing, Zhejiang Province of China. (ChinaFotoPress)

    CHINA SECURITY: Twitter’s First China Director Signals Censorship and State Control

    There has been a large outcry against Twitter’s appointment of its first China managing director, Kathy Chen, on April 15, and several major news outlets... Read more

  • ZTE's booth at the Mobile World Congress in Barcelona on Feb. 20, 2016. (Luis Gene/AFP/Getty Images)

    Chinese Firm That Violated Export Laws Could Be One of Many

    Chinese telecom equipment giant ZTE Corp. was hit with trade sanctions from the U.S. Department of Commerce last month for allegedly violating laws restricting exports... Read more

  • Chinese shoppers walking past a Gucci shop in Nanjing, east China's Jiangsu province.  (STR/AFP/Getty Images)

    How China’s New Import Tariffs Violate World Trade Organization Rules

    News Analysis Shopping abroad for safer and cheaper products has become common for large numbers of Chinese. Now the Chinese government wants to curb that... Read more

  • A money exchange business in the Wan Chai district of Hong Kong on April 7, 2016.      (Isaac Lawrence/AFP/Getty Images)

    What Capital Exactly Is Flowing to and From China

    China’s currency and foreign exchange reserves have been front page news since the start of 2016 because they impact Western stock markets and economies. After... Read more

  • Real estate models are on display in Beijing, on April 9, 2011. (Lintao Zhang/Getty Images)

    How China’s Real Estate Market Threatens Its Real Economy

    China has a huge real estate bubble, yet Chinese economists and the government still don’t seem to have a clear understanding of the damage, and... Read more

  • Anbang Insurance Group's headquarters in Beijing on March 16. Anbang last week stepped away from its $14 billion offer to acquire Starwood Hotels and Resorts Worldwide. (AP Photo/Andy Wong)

    Anbang’s Sudden Withdraw From Starwood Raises Questions

    News Analysis China Anbang Insurance Group’s sudden withdraw of its $14 billion bid for Starwood Hotels raises questions about Anbang’s source of financing, business model, and standing with the... Read more

  • The logo for the W Hotel, owned by Starwood Hotels & Resorts Worldwide, is seen in New York's Times Square on July 31, 2013. Marriott International announced Monday, Nov. 16, 2015, it is buying rival hotel chain Starwood for $12.2 billion in a deal that will secure its position as the world's largest hotelier. (AP Photo/Mark Lennihan)

    Chinese Insurer Anbang Walks Away From Starwood Deal

    Anbang pulled its $14 billion takeover bid for Starwood Hotels on March 31. The surprising move will put an end to the recently escalated bidding... Read more

  • A view of the W Hotel in Midtown Manhattan on Mar 17, 2016. (Epoch Times)

    Bidding War Between Chinese Insurer and Marriott Heats Up

    The bidding war to acquire Starwood Hotels intensified after Chinese insurer Anbang raised its offer on Monday, March 28. The new offer is likely to... Read more

  • Wang Dongjin (L), vice president of China National Petroleum Corporation (CNPC), and Alexei Miller, CEO of Russian natural gas giant Gazprom at a bilateral ceremony in Moscow on May 8, 2015. (AP Photo/Alexander Zemlianichenko)

    China Embraces Role as Creditor of Struggling Energy Firms

    China has established itself as a top lender to emerging market energy firms lacking access to capital. During Brent crude’s 64 percent slide over the... Read more

  • Chinese clerks chat as they wait for customers at a market in Beijing on Jan. 19, 2016.  (Kevin Frayer/Getty Images)

    China Beige Book: Economic Slowdown Affects Labor Market for First Time

    Every economy has themes. For the Chinese economy, the only theme up until recently was rapid growth. First because of exports, then because of investment... Read more

  • Workers keep warm next to a bonfire at a demolished industrial area at Houjie town in Dongguan, China, on Jan. 26. (Lam Yik Fei/Getty Images)

    This Is Why China’s Domestic Consumption Is So Low

    The domestic consumption of China’s 1.3 billion people is less than that of the 300 million people in the United States. China has one billion... Read more

  • Chinese Premier Li Keqiang takes questions from journalists during the press conference after the closing session of the National People's Congress in the Great Hall of the People in Beijing on March 16, 2016. (Fred Dufour/AFP/Getty Images)

    Massive Protests Emerge as China’s Economy Slows

    Strikes and protests over unpaid salaries broke out throughout mainland China during the period of the Two Sessions, the annual political meetings of the Chinese... Read more

  • People pedal past a building shaped as a Chinese ancient coin on April 21, 2007 in Shenyang of Liaoning Province, China. (China Photos/Getty Images)

    More Bad China Debt News: SOE Defaults on $2.3 Billion

    This week, on March 22, we commented on the rapidly growing corporate bond bubble in China and why its ever-increasing size could be a problem... Read more

  • A worker of an Industrial and Commercial Bank of China Ltd (ICBC) branch counts money as she serves a customer on  September 24, 2014. (JOHANNES EISELE/AFP/Getty Images)

    China’s Corporate Bond Bubble

    It doesn’t mean China will do anything about it, but the central bank governor Zhou Xiaochuan said on March 20 that corporate borrowing is “on the... Read more


  • Top