chinese banks, chinese debt, hospitals

What Does Hospitals Taking Loans From Nurses Say About China’s Debt Situation?

When a business borrows from its employees, it tells a lot about how badly they are doing. In China, a similar situation exists in some regions. In the city of Ruzhou, city administrators are forcing healthcare workers to “donate” money to build a new hospital because of the city’s debt problem. Building up debt Doctors ...

Max Lu

A Chinese doctor in a hospital.

3 Reasons Hong Kong Is Important to China: Money, Money, Money

With Hong Kong protests turning increasingly violent, Chinese media have been calling for stricter actions against the demonstrations. However, Beijing has largely limited itself to issuing warnings rather than taking concrete military action against the city. This is because the city continues to be a very significant financial asset for China. Hong Kong’s stock market ...

Max Lu

Victoria Harbour Hong Kong.