Fitch Downgrades China's Credit Rating on Rising Debt Concerns
Global ratings agency Fitch cut China's long-term local currency credit rating, citing financial risks from rapid credit expansion alongside the rise of shadow banking activity.
Chinese economy
Wall Street's Week Ahead: Earnings, Housing and the China Question
This week will bring answers to questions that have hung over the market for months: Will slower growth in China put a dent in U.S. companies' income? Will new housing numbers come in strong enough to keep homebuilders flying high? How much did Superstorm Sandy cost insurers? Here's what to watch.
IMF Says China's Economy Has Managed a 'Soft Landing'
China has achieved a "soft landing" in its economic slowdown, the IMF says, while cautioning that more sweeping reforms are needed to ensure healthy growth in the longer term.
China's Trade Growth Slips Amid Global Economic Slump
China's trade growth plunged in June, hurt by weak U.S. and European demand and a Chinese slowdown, with a potential impact on economies as far-flung as Africa and Australia.
Investing in China Took Her From Rags to Riches to Death Row
When businesspeople make bad bets in America, they're apt to lose money. Make a wrong bet in China, and you may lose more than just cash -- you may lose your life. Meet Chinese entrepreneur Wu Ying.
The Big Picture This Week: Earnings Season, Inflation
As the market breathes a sigh of relief on hopes that Europe isn't going to fall apart and the unemployment picture isn't getting worse, the focus shifts to China and earnings season. But earnings may be overshadowed if inflation data out of China is worse than expected, now that the country has the world's second largest economy.
Import Addict: China's Pending Energy Crisis
And you thought we were dependent on foreign oil. China's nearly double-digit growth has become the envy of the world's mature economies, but all that expansion requires fuel. As a result, China is now a net importer not only of oil, but of coal as well. And the trends in Chinese energy consumption don't appear to be turning around anytime soon.
Reading the Tea Leaves of the Shanghai Composite
The Shanghai Composite is as close to a proxy for public firms in China as investors can get, and indexes are believed to reflect where markets think a nation's economy is headed. So what does it mean that, despite China's white-hot growth, the Shanghai Composite has been seriously lagging the S&P 500?
As Japan Slips, China Moves Into Second Place
China has officially bumped Japan as the world's second largest economy. Japan reported its GDP grew only 1.8% last year to $5.47 trillion, while China's climbed 10.3% to $5.88 trillion.
China Now World's No. 2 Economy, Shares Surge
Investors piled into Chinese stocks after news broke that China's GDP surpassed Japan's for 2010, making the People's Republic the world's second largest economy after the U.S. The Shanghai Composite climbed 2.5% and in Hong Kong the Hang Seng gained 1.3%. In Japan the Nikkei 225 Index advanced 1.1%.
Can China Tame Its Inflation Dragon?
To quell rapidly climbing prices, China has raised interest rates for the third time since October. But signs are growing that it may not be able to keep the problem under control. And despite the economic threat from inflation, China isn't likely to let its currency rise.
Looking Beyond the Political China-Bashing
The grandstanding is understandable for politicians facing voters battered by the Great Recession. But China's growth is fueling the strong results that companies continue to deliver. And China's global trade surplus has actually been shrinking.
China's Record Foreign-Currency Reserves Heat Inflation Concerns
China's foreign-exchange reserves jumped by a record 7.5% during the fourth quarter, increasing concerns over the country's inflation, The New York Times reported Tuesday.
China Should Raise Its Currency Instead of Rates
China's decision to hike interest rates to contain inflation is a missed opportunity to move the country toward a more domestic-oriented economy. A higher yuan would slow exports, but it would be a bigger overall benefit to China's economy.
China Stole the Show in 2010. Next Year May Be Tougher
While the U.S. struggled with near-10% unemployment, China grew at that same pace over the past year. But the country faces massive internal problems that leave it in a far more difficult situation than the praise constantly heaped on it implies.