The Chinese economy may be roaring back to life, but concern is growing that record lending rates are feeding a speculation bubble. While the U.S.
China bank lending: A bubble in the making?
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Money pours back into China; GDP rises
China moved closer to its goal of 8 percent annual growth, as the nation recorded a record jump in foreign currency reserves. China’s foreign exchange reserves hit a record $2.13 trillion at the end of June, according to the People’s Bank of China. The world’s largest holder of foreign cash — mostly U.S
Is a Trade War with China Brewing?
When the U.S. Senate last February introduced a clause requiring the purchase of U.S.-made steel and iron in Washington’s $787 billion stimulus package, the Chinese government decried the “Buy American” measure as a dangerous step toward trade protectionism, stressing that Beijing would not respond in kind.
Chinese leaders to consider welfare for all
China National People’s Congress will consider landmark legislation that would make social benefits universal when it meets Thursday. The NPC — the climax of China’s political calendar — will convene as 3,000 delegates from across the country and overseas gather in the capital, Beijing. The delegates will represent China’s central leadership, the military, every province, including minority groups such as Tibetans, and overseas Chinese.