China’s Economic Growth Slows, Missing Targets
BEIJING – In a revealing sign of the times, China’s economic expansion has continued to decelerate, marking the third quarter as the slowest growth since the previous year. The National Bureau of Statistics reported a 4.6% increase in GDP for … Continue reading China’s Economic Growth Slows, Missing Targets
China’s Rural Banking Crisis: A Ticking Time Bomb
BEIJING – In the vast expanse of China’s rural landscape, a silent crisis brews within the financial sector. The country’s smallest banks, once the backbone of local economies, are now teetering on the brink of collapse. These rural banks, numbering … Continue reading China’s Rural Banking Crisis: A Ticking Time Bomb
China: Local governments to halt infrastructure projects
BEIJING – China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate the economy. … Continue reading China: Local governments to halt infrastructure projects