President Xi Jinping anti-corruption drive has opened a new front as land sales by local governments are surveyed by the central government, notes financial analyst Sara Hsu in TripleCrisis, and she applauds the move. Much of the social unrest in the past years has been caused by those transaction, where citizens often lost from greedy officials.
Category Archives: debts
Scholar Victor Shih is interviewed by the China Daily, on how he analyzed the links between different factions in China´s politics. A dive into China´s capital markets since 2009, achieved Victor Shih high praise as one of the first to document China´s serious debts.
The recent predictions on China´s economic development could not have been more different. The Conference Board predicts gloom. The Asia Society finds China is ready for sweeping reforms. Our financial analyst Sara Hsu see slower growth, but also room for reforms, she writes in the Diplomat.
China has a long tradition of manipulating its financial data to meet its political needs. That ability is still prominently present, also today, says political scientist Victor Shih in the Global and Mail. China´s economy is much weaker than official figures suggest.
China has a longstanding tradition in creating huge debts, and the burden has been growing over the past year, as the government decided to bail out failing companies, rather than let them collapse. That system has to change, writes financial analyst Sara Hsu in the Diplomat.
Last year China promised it would not bail out its unruly financial sector. It still did. It promised swiping financial reforms. They did not materialize. Financial analyst Sara Hsu discusses the current state of China´s finance and what the government should do. Asking questions are Chao Pan and Fons Tuinstra.
China´s is setting up five asset management companies or bad banks to buy up bad debts on a local level, comparable to five national firms that bailed out China´s largest banks in the 1990s. But that will not help, if the current fiscal dilemmas for local governments are not solved, writes financial analyst Sara Hsu in the Diplomat.
Hailed as an alternative way to raise funds, China´s corporate bond market faces a potentially fatal end as its second default is looming, writes financial analyst Sara Hsu in the Diplomat. Defaults were seen as way to discipline the market, but the opposite might happen.
China´s corporate debt last week outstripped the US, according to a report by Standard and Poor´s, a staggering US$14.2 trillion at the end of 2013. But it is not only the size that matters, writes financial analyst Sara Hsu in the Diplomat. China´s corporate debts is very different from that in the US.
China is not short of amazing success stories, especially when it comes to the internet. VC Marc van der Chijs is board member if Dianrong.com and tells how the company raised US$500,000 in two minutes for a new financial product.