» 06/21/2012, 00.00
Chinese Manufacturing falls in June for the eighth consecutive month
In June the PMI fell to 48.1 (in May it was at 48.4), domestic demand is rising very slowly, although there are many promises made by leadership
Chinese Banks Close to Collapse. Fears of zero growth
The Chinese Financial Index fell by 24%, more than that of European and American bank stocks. Chinese banks are plagued by insolvent debts due to loans to local governments and the stagnant property market. The country's growth, currently estimated at 9.5%, is at risk
The yuan reaches a 19-year high. More optimistic forecasts for China
The Bank of China has set a rate of 6.28840. The PMI rose to 50.4 in November, showing that the country is emerging from nearly two years of economic contraction. In two months, foreign equity funds have increased by billion.
Chinese banks reach lending ceiling
New loans for 2010 will stop today. Beijing is facing worst inflation of the decade, fears social unrest caused by rising food prices. For this reason, it is providing financial aid to the poor and trying to contain prices. Experts say it is not enough.
Bank loans and China’s economy recovery: risk of a speculative bubble?
In the first half of the year Chinese banks have lent more than a trillion dollars, most of it apparently in speculative investments. Now Beijing wants to rein in the trend but a number of consequences are possible.
Fears of an economic tsunami grow, especially in Asia
As involvency grows in the US subprime market the banking system becomes more dysfunctional. As lending to firms, consumers and governments is tightened, the crisis spreads to the whole economy.
AsiaNews IS ALSO A MONTHLY!
AsiaNews monthly magazine (in Italian) is free.
2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®