World

The National Financial Regulatory Administration (NFRA) will resolutely follow the spirit of the Central Financial Work Conference, Central Economic Work Conference and the recent two sessions, and carry out regulation using both "teeth and thorns" to ensure that no systemic risks arise, Li Yunze, head of the administration, said on Friday. The NFRA is committed to following the path of financial development with Chinese characteristics, Li said. He said the administration will continue to boost the high-quality development of the financial sector, make significant efforts in financial technology, green finance, inclusive finance, pension finance, and digital finance, and continuously deepen financial reform and opening-up, according to a press release appeared on the NFRA website o...

China's yearslong real-estate debt crisis has already taken down the property giant Evergrande, which is undergoing liquidation. Home sales and prices in the country have also slumped. But China's property crisis could still get worse. "I think, at the moment, there's an assumption in the market that the levels of activity have come down so much that things can't get much worse, but that's not really true," Charlene Chu, a senior analyst at Autonomous Research, told Bloomberg TV on Monday. Chu — who issued warnings about China's debt more than a decade ago — said China was still "very much in the middle of a collapse in the property sector, and this could still get uglier than it already is." Concerns grow over another Chinese real-estate giantChu's assessment of China's pr...

A more nuanced look at China’s economic indicators is necessary to understand current trends. In recent years, there has been a notable shift among certain Western politicians, media outlets and think tanks regarding their perspective on China’s developmental trajectory. The once-popular theory of an imminent Chinese collapse, famously asserted by Gordon G. Chang over two decades ago, has finally begun to lose traction. But there is still a lingering reluctance to acknowledge China’s sustained ascent, prompting the emergence of a new buzzword: “Peak China.” As the second-largest GDP globally for 15 consecutive years, China’s economic landscape has naturally witnessed expansion alongside moderated growth rates, a phenomenon well-recognized in economic theory. In the context of China’...