The central government is actively going after its major state-owned banks for ‘violations’ in its lending policies, indicating concern about the direction of China’s financial system. China is not yet facing a Lehman moment, tells business analyst Shaun Rein the BBC, but action is needed.Read More →
Despite adverse winds, China’s economy is not really into deep trouble, writes economist Arthur Kroeber in ChinaFile. The only real threat is when the new government lacks the stomach to push ahead with needed reforms.Read More →
Low interest consumer credits are booming in China, tells retail analyst Shaun Rein at WSJ. Ten years ago credit cards did not exists and consumers would even a few years ago purchase BMW’s by bringing cash. But despite the boom bad credit is no issue yet, he says, as limits are touch compared to the US.Read More →
Shanghai has tried to lure headquarters of foreign multinationals for decades, but a recent policy change might just help the city to do this just a bit more effective, explains Shanghai-based lawyer Mark Schaub in IFLR.Read More →
China’s finance minister is not going to a World Bank and IMF-meeting in Japan, as major sign to the rest of the world: do not push us around, tells business analyst Shaun Rein on Radio Australia.Read More →
Disposed Chongqing leader Bo Xilai might have left behind a more prosperous city, that wealth comes at a price, as Chongqing’s debts are far higher than China’s average of already high liabilities, tells financial expert Victor Shih in the Wall Street Journal.Read More →
The super-wealthy in China get ever more spending power, but very few know what they are actually looking for. Hurun and the Imdustrial Bank asked them and Hurun founder Rupert Hoogewerf shares in the China Daily the results.Read More →
The dismissal of flamboyant political leader Bo Xilai shows a new political landscape, where different political factions are becoming more prominent, says political analyst Victor Shih in The New Republic. Read More →
A range of experts and politicians might be hoping for a larger international role of China’s currency, the yuan, but China’s leaders are in no hurry to do so, tells economic analyst Arthur Kroeber in the South China Morning Post. The South China Morning Post: Arthur Kroeber, Beijing-based managing directorRead More →
Europe might be looking at China as its financial savior, but China is really struggling to deal with its own debts, says financial analyst Victor Shih in Money Morning Australia. Capital flight is a serious risk, but only a worst-case scenario, he adds.Read More →
Chinese banks bought in January 140 bn RMB worth of foreign exchange, but despite this hiccup, money leaving China is the real challenge for its banks, writes financial expert Victor Shih in the Financial Times.Read More →
Two years ago business analyst Shaun Rein set famous short seller Jim Chanos straight when he said China’s real estate was worse than a thousand times worse than Dubai. Now Chanos has scaled down his prediction to ‘a bumpy road’, and this time Shaun Rein agrees, he writes in CNBC.Read More →