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China Balance of Payments Deficit Risks Currency and Asset Crash

A worker of an Industrial and Commercial Bank of China Ltd (ICBC) branch counts money as she serves a customer in the China (Shanghai) Pilot Free Trade zone during a media trip on Sept. 24, 2014. (Johannes Eisele/AFP/Getty Images)

THINKING ABOUT CHINA

August 3, 2019 Updated: August 3, 2019

China’s falling savings rate coupled with increasing government directed investment rate threatens a balance of payments crisis that could crash currency and asset values.

China became the “factory to the world” and built incredible infrastructure over the last three decades based on the strength of individual savers who remembered the hard times of the Great Famine of 1958–1962 that starved to death 30 million people.… READ MORE...

The Curious Case of Future FinTech

The Nasdaq building in Times Square, New York City. (Daniel Barry/Getty Images )

CHINA BUSINESS & ECONOMY

Fruit juice maker turned blockchain tech firm is latest warning against investing in obscure Chinese companies

BY FAN YU, EPOCH TIMES

July 14, 2019 Updated: July 14, 2019

News Analysis

For most companies, a listing on the New York-based NASDAQ Stock Exchange is a badge of honor. It gives the company some legitimacy and signals to investors that it’s achieved a certain level of success.

But investors in Future FinTech Group Inc. may be surprised to find that the company could be delisted from NASDAQ for failing to file financial statements with the exchange.… READ MORE...