The warning by China’s National Audit Bureau local debts are a risk for the country, is a step forward, says political and financial analyst Victor Shih to the New York Times. Until Monday those local debts were kept under wraps. But it is only the beginning of a solution.
Category Archives: finance
Victor Shih of the Northwestern University has been doing much of the legwork to find out how much China’s debt actually is, much higher than China’s financial authorities want to admit, he writes on this blog of the Financial Times. Much of the country’s financial bubble remains underground.
Even premier Wen Jiabao calls China’s economy unstable, unbalanced, uncoordinated and ultimately unsustainable, writes Reuters. But despite those misgivings, economic growth will steam ahead, adds economic analyst Arthur Kroeber.
Arthur Kroeber by Fantake via Flickr China’s government is placing its bets on increasing domestic spending by consumers, tells Arther Kroeber in The Guardian. But the inflation seems to be…
Hong Kong via Wikipedia Since Shanghai emerged as a financial stronghold at the mainland, Hong Kong has been living in fear its would be outpaced by its northern competitor. Shaun…
Ann Rutledge is a founding principal and CEO of R&R Consulting, which is a pioneer in dynamic structured credit modeling tools. An adjunct assistant finance professor at The Hong Kong University of Science and Technology in Hong Kong, Ms. Rutledge has consulted to high-level representatives of China’s MIIT (Ministry of Industry and Information Technology), CCDC (China Bond), CFOs of large SOEs, SOE banks and security companies, municipal and commercial leaders of Hangzhou, Tianjin, Shanghai and Beijing cities, and national accounting and statistics bureaus under the Ministry of Finance