Tag: economy

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CSRC Party Chief/Chairman Replaced After Shanghai Stock Exchange Reaches Five-Year Low

Yi’s Removal and Wu’s Appointment On February 7th, the Chinese Communist Party’s (CCP) Central Committee appointed Wu Qing as both Chairman and CCP Committee Secretary of the China Securities Regulatory Commission (CSRC). Wu replaced now former Yi Huiman who served in both positions since 2019. Wu’s Background Wu served in various party...

Recent Ministry of State Security Posts Illustrate China’s Worry About the Economy

What You Need to Know On January 29th, China’s Ministry of State Security (MSS) made a post on their public WeChat account titled “Take My Advice, Don’t Let the National Security Agencies Treat You to These ‘Ten Cups of Tea’.” The term “please drink tea” is Chinese Internet slang for...

Several Issues will Complicate Evergrande’s Liquidation Process

Evergrande Liquidated On January 29th, China Evergrande accepted the Hong Kong High Court’s decision to begin the liquidation process after not developing a definitive restructuring plan. The company is considered the world’s most indebted real estate developer, with $300 billion USD in liabilities. Stocks for Evergrande and Evergrande New Energy Vehicle...

China’s Debt-to-GDP Ratio Increased to New Record in 2023

China's debt-to-GDP ratio increased to a record high of 287.8 percent in 2023, according to a quarterly report published by a state-backed think tank, the National Institution for Finance and Development (NIFD). The 2023 number represents a 13.5 percent increase from the 2022 debt-to-ratio number of 274.3 percent. Specifically, the...

China’s Regulatory Commission Announce Suspension of Restricted Stocks Lending

On January 28th, the China Securities Regulatory Commission (CSRC) announced two new regulatory actions to stabilize the Chinese stock market. The commission will suspend all lending of restricted stocks beginning on January 29th. The CSRC also announced the readjustment of market-based applications for security refinancing from real-time to next-day availability...

Chinese Government Releases New Directive Banning New Projects in Poorest Regions

China’s State Council released a blanket ban on some new state-funded construction projects in 12 provinces and regions throughout the country in recent weeks. The directives directed local governments and state-owned banks to stop work on projects that contain less than 50 percent of their planned investment. The twelve...

Week's Recap

President of Sierra Leone to Visit China

What You Need to Know: Following an invitation from Xi...

Senegal Amnesty Law Makes Progress Alongside Election

A Slight Ease of Tensions Senegal's inflamed tensions at the...

Nigerian NGO Sues President Tinubu Over Missing $3.4 Billion IMF Loan

What You Need to Know: A Nigerian NGO– The Socio-Economic...

Biden No Longer Hopeful of Temporary Ceasefire on Monday, Gaza Fatalities Cross 30,000

What's Happening US President Joe Biden had announced his hopes...
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