Chinese Economy
Is China on the Verge of Economic Collapse? Some fear that the suspension of currency trading rights for some international banks represent a major effort to stop the current wave of capital outflows, heralding a potential Chinese economic collapse in 2016. China’s central bank (the People’s Bank of…
China Dethrones U.S. as World's Billionaire Capital China, which continues to call itself a communist country, boasts more billionaires than the United States, the country where one of its presidential candidates (Bernie Sanders, for the record) is attacked for not being capitalist enough. A ranking of China’s wealthiest…
There’s a lot of bombast in the midst of China’s stock market crash, but a nugget of truth has emerged from an unlikely source: Donald Trump. Currently the frontrunner for the Republican nomination for president, Trump’s political motivations can be questioned, but his message holds water even under…
Concerns over the Chinese stock market have accelerated a massive sell-off in the global equity markets. Despite the growing fear, short seller Jim Chanos thinks that investors may still underestimate the stock market collapse in the world’s second-largest economy. During an interview on CNBC’s Fast Money: Halftime Report, Chanos…
Chinese media outlets are blaming George Soros and other foreign speculators for the recent selloff in China markets. China’s stock markets have sunk roughly 30% over the last three weeks, costing investors some $3.5 trillion in market value. Taiwan-based China Times is now blaming the selloff on malicious ‘foreign’ short-sellers. The…
China’s stock market crashed on Monday, July 6th, in spite of desperate attempts by regulators to calm investor sentiment and starve of an economic collapse. Chinese regulators have adopted extraordinary measures to return stability to the nation’s financial markets. First, the central bank announced it would lower interest…
Chinese authorities introduced massive measures to prop up the nation’s financial sector in a desperate bid to starve off a stock market crash and economic collapse. On Saturday June 27th, the People’s Bank of China (PBOC) announced an emergency round of stimulus programs. The central bank slashed interest…