Chinese facing debt time bomb – Telegraph

Posted by Matt in March 13th, 2010 | 1 comment

Published in China, Economy, Chinese Banks, European Banks, Face, Financial Crisis, Mirror, Telegraph, Time Bomb

Chinese banks face a $350bn (£230bn) debt time bomb that could mirror the financial crisis suffered by US and European banks, according to banking experts.
Chinese facing debt time bomb – Telegraph

The Building Bubble in China – BusinessWeek

Posted by Matt in February 20th, 2010 | no comment

Published in China, Economy, Asset Investment, beijing, Businessweek, Cb Richard Ellis, Cbre, China World, Chinese Banks, Empty Buildings, Encouragement, Hedge Fund, James Chanos, Kynikos Associates, Mainland, Skyscrapers, Stimulus, Tallest Building, Tower 3, Trillion, Vacancy Rate, World Tower

Much of China’s stimulus money was spent on skyscrapers, spurring fears of a real estate bust
Much of the $1.4 trillion in loans made by Chinese banks last year—with considerable encouragement from officials aiming to boost growth—was spent on skyscrapers and other commercial property. Now empty buildings are sprouting across the mainland. Beijing had an office [...]

Ratings agency warns on China bank ‘bubble risk’ | The Daily Telegraph

Posted by Matt in February 13th, 2010 | no comment

Published in China, China Bank, China Daily, ChinaBubbleRisk, Chinese Banks, Daily Telegraph, Economy, Gross Domestic Product, Loan Growth, Misallocation, Ratings Agency, Risk

“The agency views ‘bubble risk’ as greatest for Chinese banks given their 32 percent loan growth in 2009; this looks likely to be followed by a further 20 percent in 2010,” Fitch said in a statement.”Credit growth of more than 50 percent over a two-year period in an economy where bank credit is already quite [...]

Why China Won’t Rule the World | Newsweek.com

Posted by Matt in December 9th, 2009 | no comment

Published in China, Bank Loans, Bank Regulator, beijing, Binge, Chinese Banks, Chinese Dominance, Chinese Leaders, Economic Recovery, Expansions, International Business Community, Liu, Newsweek, Nonperforming Loans, Spigot, State Owned Enterprises, Stock Markets, Strangest Things, Supposedly, Tidal Wave, Trillion

One of the strangest things about predictions of Chinese dominance is that they tend to impress everyone but the Chinese themselves. Take China’s supposedly miraculous economic recovery. While the international business community has practically run out of words to praise Beijing’s handling of the crisis, Chinese leaders haven’t stopped worrying. They fret that their banks [...]

Why China’s Banks Are Stronger than America’s

Posted by Matt in June 3rd, 2009 | no comment

Published in China, Financial, U.S., Bank Of America, Banks, Billions Of Dollars, China Construction Bank, Chinese Banks, Chinese Money, Economy, Financial Crisis, Global Financial Crisis, Hand Over Fist, Making Money, Merrill, Money Hand, Net Profit, Stake

Last year China Construction Bank’s net profit soared 10% to $11.9 billion. In the same period, Bank of America, which at the time owned some 19% of the Chinese lender, earned just $4 billion, down 73% from 2007. That’s all you need to know to understand why Bank of America in May sold a 5.8% [...]