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Why it's so hard for China to fix its real estate catastrophe

China is going to its crisis playbook to fix its growing economic problems. It doesn’t seem to be working. ....

United States , Mao Zedong , Xu Sitao , Zhou Xiaochuan , World Bank , Zhu Ning , Shanghai Advanced Institute , Communist Chairman Mao Zedong ,

china: Why it's so hard for China to fix its real estate crisis

China s stock market was plunging and its currency was teetering. The head of the central bank, fielding questions at a rare news conference, said China would make it easier to get home mortgages. It was February 2016 and Zhou Xiaochuan, the central bank s longtime governor at the time, announced what proved to be the start of an extraordinary blitz of lending by China s immense banking system. ....

United States , Xu Sitao , Zhou Xiaochuan , Mao Zedong , World Bank , China Real Estate Crisis , Zhu Ning , Shanghai Advanced Institute , Communist Chairman Mao Zedong , Debt Restructuring , China Shadow Bank , Xi Jinping , Real Estate Crisis , China Evergrande Group ,

chinas: Why it's so hard for China to fix its real estate crisis

Many economists in China now suggest that the country needs to go beyond reductions in down payments and also cut interest rates sharply, going far beyond a tiny interest rate reduction Monday. Deep cuts in interest rates would make it much cheaper to borrow money for a new home, car or other big purchases. It could also spur more exports, long a driver of the Chinese economy. ....

United States , Mao Zedong , Xu Sitao , Zhou Xiaochuan , World Bank , Zhu Ning , Shanghai Advanced Institute , Communist Chairman Mao Zedong ,

Happy Friday, Zhou Yongkang

Eight minutes after midnight on Friday, the axe fell on Zhou Yongkang: a terse news release from state-run Xinhua news agency said that China’s former security czar Zhou had been expelled from the Chinese Communist Party, his case handed over to China’s top prosecutor’s office. One minute later, an English version appeared, likewise detailing that once-formidable Zhou had ....

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