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China debt

Pakistan's CPEC port in Gwadar has more challenges than advantages: Report

Connectivity, higher transportation cost and services could prevent Gwadar from succeeding. And, of all things, it may be water that could be the biggest threat.

Apr 12, 2018, 20:25 PM IST

IMF head warns China on exporting debt through 'Silk Road'

Lagarde made the comments at a Beijing forum on Chinese President Xi Jinping's signature Belt and Road initiative, a USD 1 trillion road, rail and construction project spanning dozens of countries -- from Asia to Africa and Europe.

Apr 12, 2018, 17:31 PM IST

Blow to China: African Union discovers data theft, espionage; ditches Chinese servers

China has reponded characterstically, dismissing the allegation instead of trying to win back the trust.

Jan 30, 2018, 11:51 AM IST

China wields CPEC: Pakistan buckles to trade in yuan, to treat it equal to US Dollar

Less than a month back, Pakistani finance ministry officials had termed this move against the country's interest.

Dec 19, 2017, 13:21 PM IST

Why global powers are obsessed with containing China: 10-point guide

Here is a 10-point guide to understanding the rising fear of China.

Nov 17, 2017, 07:34 AM IST

S&P says downgraded China as credit growth still too fast

China`s finance ministry said the downgrade was "a wrong decision" that ignored the economic fundamentals and development potential of the world`s second-largest economy.

Sep 22, 2017, 16:27 PM IST

S&P downgrades China, says rising debt is stoking economic, financial risks

S&P had said in June there was a "real" chance of a downgrade and a decision would be made based on whether China is able to move away from a credit-driven growth strategy. The demotion follows a similar move by Moody`s Investors Service in May. 

Sep 21, 2017, 15:10 PM IST

China removes 75% cap on loan-to-deposit ratio

Facing economic downturn, China today removed 75 percent loan-to-deposit ratio stipulation for its commercial banks to improve liquidity and imposed USD 2.5 trillion as ceiling for local governments to control the spiralling debt.

Aug 29, 2015, 20:23 PM IST

China says local government debt soars

China on Monday announced the results of a long-awaited debt audit, revealing that liabilities carried by local governments ballooned to 17.9 trillion yuan (USD 2.95 trillion) as of the end of June.

Dec 30, 2013, 17:51 PM IST

China's foreign debt at $771.95 bn at June-end

China currently has about USD 3.30 trillion foreign exchange reserves.

Sep 30, 2013, 20:06 PM IST

China’s local govt debt out of control: says Auditor

"We audited some local government bond issues and found them very dangerous, so we pulled out," Zhang Ke of accounting firm, ShineWing, told Financial Times

Apr 17, 2013, 19:57 PM IST

China's external debt crosses $751 bn

The rising debt is adding to concerns whether it may undermine China's fiscal position and cause economic harm, a report in the state run China Daily said on Wednesday.

Jun 27, 2012, 12:40 PM IST

China's foreign debts total $751 bn

Medium and long-term foreign debts totalled USD 193.56 billion, while short-term debts stood at USD 557.7 billion, according to the State Administration of Foreign Exchange.

Jun 26, 2012, 16:31 PM IST

China’s debt mounts to $2.78 trn, 43% of GDP

It is composed of 10.7 trillion yuan (USD 1.7 trillion) of local government debt and 6.8 trillion yuan of central government debt, Yang told a press conference on the sidelines of China's annual parliamentary session.

Mar 06, 2012, 23:32 PM IST

China calls on US, EU to trim fiscal deficits to address debt

Expressing concern over downgrading of America's credit rating, China the largest holder of its debt has asked US and EU to take concrete fiscal and monetary steps and check fiscal deficits to resolve debt problems to maintain global investors' confidence.

Aug 09, 2011, 22:24 PM IST