Media Report
- BBC News reports: "A full blown banking crisis in three years' time. The warning from the Bank of International Settlements (BIS) certainly sounds dire, and it should be taken seriously - but don't forget China's banking system is still relatively well protected because it is largely state controlled....The way the BIS's risk instrument is calculated is also worth taking a look at: the credit to GDP gap is basically a measure of how much banks are lending, compared to the size of the country's economy....But China needs this debt, because it is helping the economy to grow. China's economy has been slowing down, and one of the ways that growth has been propped up is through debt, which is now thought to be worth 225% of GDP, according to, amongst others, the International Monetary Fund....While household debt is still considered to be within global norms, the IMF warns that potential losses from bad debts in China's corporate sector could be worth some 7% of GDP....Both the BIS and IMF have urged China to act fast to address this, but other China-watchers have said the government will be able to manage any impending crisis because of its deep pockets."
- Reuters reports: "China on Monday accused Japan of trying to 'confuse' the situation in the South China Sea, after its neighbor said it would step up activity in the contested waters, through joint training patrols with the United States....Chinese Foreign Ministry spokesman Lu Kang said countries in the region had reached a consensus that the South China Sea issue should be resolved through talks between the parties directly involved, and that China and Southeast Asian countries should jointly maintain peace and stability there. 'Let's have a look at the results of Japan's throwing things into disorder over this same time period...trying to confuse the South China Sea situation under the pretence of (acting for) the international community,' Lu told a daily news briefing, when asked about Japan's announcement.Japan's actions have simply pushed other countries away from it, and it has failed to compel other nations to see its point of view, he added. 'China is resolute in its determination to protect its sovereignty and maritime interests,' Lu said."
- The Associated Press reports: "Samsung's smartphone problems expanded Monday to China's populous market, where the South Korean tech giant was looking into reports two Galaxy Note 7 handsets exploded in a country where it earlier said its units were safe and didn't need to be included in a global recall....In the latest incidents, two people posted accounts on Chinese social media saying their Galaxy Note 7 handsets exploded over the weekend....The Note 7 debuted to rave reviews in August thanks to its speed, new software features and longer time between charges, which requires a more powerful battery. Users report phones have caught fire or exploded, in one case causing a blaze that destroyed an SUV. Samsung had earlier excluded China from its global Note 7 recall. It said handsets sold in China were safe because they used different batteries from those linked to problems elsewhere."
Calendar
- 2016-09-18 China August home prices rise 9.2 percent year-on-year
- 2016-09-14 How China Wastes Its Renewable Energy
- 2016-09-13 Behind China’s Firewall, Google Maps Shows Nine-Dash Line
- 2016-09-12 Marriage Falls in China, Transforming Finances and Families
- 2016-09-11 China, Russia naval drill in South China Sea to begin Monday
- 2016-09-09 North Korea’s Nuclear Defiance Leaves China With Few Options
- 2016-09-08 Pressing Asia Agenda, Obama Treads Lightly on Human Rights
- 2016-09-07 Tensions over South China Sea belie summit cordiality
- 2016-09-06 Global leaders test limits of spreading wealth
- 2016-09-05 Seeking smoother summit, ASEAN to skirt mention of South China Sea ruling
News
- BBC News China's debt crisis: Just how bad is it?
- The New York Times Samsung's Note 7 Battery Problem Expands to China
- Reuters China says Japan trying to 'confuse' South China Sea situation
- The Wall Street Journal China's Property Bubble Keeps Getting Bigger
- The New York Times Rush of Chinese Investment in Europe's High-Tech Firms Is Raising Eyebrows
- The Washington Post Donor to Clinton Foundation, McAuliffe caught up in Chinese cash-for-votes scandal
- The Wall Street Journal Samsung Phone Explosions in China Not Caused by Batteries
- TIME 1,000 Tons of Tainted Meat Seized in South China Including Some 'Soaked in Bleach'
- Bloomberg Business China Rich Help Europe Banks Raise $14 Billion Since August
- Reuters UPDATE 1-China's central bank sees some success in cutting interbank lending risk
- The Financial Times China financial stress indicator hits record high as debt surges
- Bloomberg Business China's Home Prices Rise Most in Six Years as Sales Gain
- The Washington Post The effect of Trump's trade policies? Trade wars with China, Mexico that could cost U.S. 4 million jobs, report says.
Commentary
- The Wall Street Journal: China Real Time Writing China: The Limits of the Yuan's Global Rise
- The National Interest How to Get China to Use Its Leverage against North Korea
- The Diplomat Does China Have a Looming Africa Problem?
- Foreign Policy: The Cable SitRep: Pentagon Braces For Russian Cooperation; Japan and U.S. to Patrol South China Sea
- The Wall Street Journal Morning Ledger: What's in a Name, REITs About to Find Out
- The National Interest China's Military Is Getting Strong (So Why Aren't Chinese Weapons Selling?)
- Council on Foreign Relations China Can Now Organize Its Own (Financial) Coalitions of the Willing