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Tag: real estate crisis

With Both Small and Large Banks in Trouble, Will China’s Debt Crisis Blow Up?
A banking crisis in China’s Henan Province has seen hundreds of thousands of people unable to access their bank accounts since mid-April.  The four banks in question, located in Henan and neighboring Anhui Province, attracted...
A woman wears a protective mask as she walks past the People's Bank Of China (PBOC) on Financial Street, April 17, 2020 in Beijing, China. China's gross domestic product (GDP) stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, according to data from the National Bureau of Statistics (NBS).
4 Factors to Watch in China’s Latest Economic Stagnation
Given China’s tightened real estate market and the newest spread of COVID-19, quarterly data due to be released on Jan. 17 will likely show a drastic drop in economic growth. Economists' median forecast has placed...