Kang Xinru was a prominent financial tycoon in the Republic of China. However, after 1949, he was gradually destroyed by the Chinese Communist Party (CCP), and in the end, he was left a pauper with only a few items left to his name. How did a prominent banker go from being a millionaire to a ...
After a massive crackdown on private enterprises, and the economy tumbling to its lowest point in more than three decades, the end of 2022 saw the Chinese Communist Party (CCP) changing its attitude toward private entrepreneurs, now seeming to favor them. In a surprising turn, Xi Jinping stated: “I have always supported private enterprises,” and “We have ...
Throughout much of recorded human history, China has boasted the largest population in the world — and until recently, by some margin. So news that the Chinese population is now in decline, and will sometime later this year be surpassed by that of India, is big news even if long predicted. As a scholar of ...
An overarching illusion about China’s prosperity concerns the “construction boom” of China’s real estate bubble. Of course, the bubble will eventually burst, still, no one expected the first casualty of the Asian real estate industry to be Evergrande Group (or Heng Da Group). Despite Evergrande boasting it was “too big to fail,” the storm has ...
The COVID-19 outbreak has cast a gloomy shadow over not only the formal financial industry of China, but also its shadow banking sector as well. Shadow banking basically refers to the unorganized credit-creating financial intermediaries that are not subject to regulatory oversight. Shadow banking problems In April, credit rating agency Fitch predicted that the Chinese ...
Though the CCP virus outbreak situation in China is said to be stabilizing, which experts agree is probably not the case, things have remained rather disappointing for China’s economy. Whether it be employment, production levels, or economic growth, everything is in the red, a situation the country hasn’t suffered through in a long time. The ...
The Chinese Communist Party’s (CCP) long-term goal for the Chinese economy has been to double its GDP in the 2010-2020 decade. This is seen as necessary to make China a “modestly prosperous” country. However, Beijing’s trade war with Washington is apparently spoiling the Party’s expectations, as many analysts predict slower GDP growth for China in ...
Chinese officials say that they are not worried about the state of the economy and can “handle” America in the trade war. But raw data about the Chinese economy paints a completely different picture. China’s increasingly troubled economy Industrial production in China grew by only 5 percent in May, below the 5.5 percent figure expected ...
China has been the big economic story of the past two decades. It is already the world’s second-largest economy with a GDP of around US$14 trillion and the Chinese economy is expected to pass the U.S. to take the number one spot in the coming decades. 6 facts about the Chinese economy 1. Billionaires China ...
When China released its GDP data for the first quarter of 2019, most economists were surprised. The country had performed better than expected. GDP growth in the January-March quarter was pegged at 6.4 percent, beating estimates that projected a 6.0-6.3 percent growth. While this brought some cheer to the markets, experts warn that investors should ...
© 2024 nspirement. All rights reserved
