Saturday , 7 December 2019

Tag Archives: China

As China offers funds to Iran, India set to fast-track Chabahar pact

China is quietly intruding into India’s geopolitical space in Iran. It recently offered Tehran credit facility of Euro 60 million — almost equal to the proposed Indian investment in the revamp of Chabahar port — which may muscle out India from the project. Beijing’s covert credit offer is seen by the Indian foreign office as a first step by China …

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As China’s growth slows, US and world stand to lose

The continued decline in China’s manufacturing activity, reflected in twin manufacturing surveys released on Monday, highlights the risk the world’s second largest economy now poses to global growth. China’s official purchasing managers index (PMI) slipped to 50.1 in June from 50.8 in May, according to data from the National Bureau of Statistics. The final reading of HSBC PMI, meanwhile, fell …

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Shadow Banking Threatens China’s Economy—but What Is It, Exactly?

Last week, the Shanghai interbank offered rate (Shibor), China’s once-anonymous version of London’s LIBOR, made news around the world when it suddenly spiked at all time high. Expected to lower this rate by injecting cash into struggling Chinese banks, the People’s Bank of China (the country’s equivalent of the Fed) instead did nothing, leading to speculation that China’s leaders were …

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