quote:

A warning indicator for banking stress rose to a record in China in the first quarter, underscoring risks to the nation and the world from a rapid build-up of Chinese corporate debt.
China’s credit-to-gross domestic product “gap” stood at 30.1 percent, the highest for the nation in data stretching back to 1995, according to the Basel-based Bank for International Settlements. Readings above 10 percent signal elevated risks of banking strains, according to the BIS, which released the latest data on Sunday.

The gap is the difference between the credit-to-GDP ratio and its long-term trend. A blow-out in the number can signal that credit growth is excessive and a financial bust may be looming.
Some analysts argue that China will need to recapitalise its banks in coming years because of bad loans that may be higher than the official numbers. At the same time, state control over the financial system and limited levels of overseas debt may mitigate against the risk of a banking crisis.

In a financial stability report published in June, China’s central bank said lenders would be able to maintain relatively high capital levels even if hit by severe shocks.
While the BIS says that credit-to-GDP gaps have exceeded 10 percent in the three years preceding most financial crises, China has remained above that threshold for most of the period since mid-2009, with no crisis so far.
In the first quarter, China’s gap exceeded the levels of 41 other nations and the euro area.

The data feed into debates about the outlook for the Chinese economy after a build-up in corporate leverage since the global financial crisis. The latest information was released by the BIS at the same time as its quarterly review.

Xerxes17 posted:

This. I've been in Russia for about a year now and I'm still yet to get any culture shock or feeling of disappointment over coming here.

The Great Autismo! posted:

omg lol

quote:

Hong Kong (CNN)US President Donald Trump's move to rollback environmental protections leaves China poised to take the lead in the global fight against climate change.

Saying that it would "start a new era of production and job creation," Trump signed a sweeping executive order Tuesday scrapping much of Barack Obama's climate legacy.
Some analysts have expressed concern this could enable Beijing -- the world's leading emitter of greenhouse gases -- to water down its own commitments, but others say it is more likely China will step into a leading role in the vacuum left by Washington.
"China now finds itself in the unenviable position of being world leader on climate change, thanks to Trump's willfully blind irresponsibility," Mark Lynas, a fellow at the Alliance for Science at Cornell University, wrote for CNN Opinion.
Speaking Wednesday, Chinese Ministry of Foreign Affairs spokesman Lu Kang said the country will "continue to work with relevant parties for enhanced dialog and cooperation, hand-in-hand to manage climate change, to promote efforts to put the global economy on a green and low carbon path, in order to pass on a better future to the generations to come."

Mr. Nice! posted:

Sounds like someone is getting a trip to Hong Kong for a personal audit.

Club Sandwich posted:

quick question as someone whose been reading the thread: what's homelessness like in Chinese cities. In North America, some cites have enormous homeless populations due to a lot of factors. What's it like in China?

Baronjutter posted:

"Foreign trash is attempting to insert their retardedness into China."

It's called plunging.

Pastry of the Year posted:

tacodaemon posted:

in case you missed it, everybody is stunting on this NYT lifestyles reporter for this idiotic tweet and she is having a public twitter breakdown over it

https://twitter.com/JiHyun42/status/880434886666055680

Ewan posted:

that's not even a chinese name. not every insane meltdown can be characterised by your racial stereotypes.

Ewan posted:

that's not even a chinese name. not every insane meltdown can be characterised by your racial stereotypes.

Steakandchips posted:

When my mother used to make them, round ones were savoury and square ones were sugared.

Moonshine Rhyme posted:

As a southern Californian, I wish for nothing more than secession and the consequent conquering and splitting of California