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Monthly Archives: June, 2017

China’s Wealth Inequality Catching up with America: Thomas Piketty

A new research paper from celebrated French economist Thomas Piketty indicates that China's breakneck growth over the past three decades has also led to skyrocketing...

Deleveraging Drive Leads to Historic Decline in Interbank CD’s

The ongoing drive by financial regulators to deleverage the Chinese economy appears to be taking effect, with commercial banks posting negative growth in interbank certificates...

Central Bank Pushes for Internationalisation of RMB Via One Belt One Road

The Chinese central bank points out that there is still huge room for RMB transaction to expand amongst participants in Xi Jinping's much vaunted One Belt One Road...

Chinese Yuan Rises to 7 Month High Against Greenback

The Chinese yuan has risen for the sixth consecutive trading day against the US dollar to tap a 7 month high. The RMB-US middle rate...

JPMorgan Forecasts 6.7% Growth in 2017, Sees Risk for Chinese Economy in Real Estate and Deleveraging

JPMorgan remains concerned about impact of the property market and the potential risk generated by the central bank's tightening measures on the Chinese economy, yet expects...

China’s Biggest Bank Takes Leading Role in US Shadow Banking

The biggest bank in China has emerged as one of the main players in a key segment of the US shadow banking sector. Bloomberg reports that the...

Banks Raise Home Lending Rates Across China

Banks in major cities across China have further tightened lending to homebuyers as regulators strive to cool down the country's overheating urban property market. Chinese media reports indicate...

PIMCO Expects Moody’s Downgrade to Spur Chinese Financial Reform

The recent downgrading of China's sovereign credit rating by Moody's for the first time in three decades is expected by PIMCO analyst  to lend...

China’s Bitcoin Prices Rise to Record Highs

Quotes for Bitcoin in China have surged to historic highs at the start of June as domestic exchanges satisfy anti-money laundering measures and overseas political...

Personal Home Loan Growth Seen Declining Further in May

Banking insiders expect new lending in China to fall short of 1 trillion yuan in May, as well as continued tightening of personal home loans...

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