Title: The Impending Debt Crisis and Its Potential Consequences Date: September 2, 2023 In 2008, the global financial crisis wreaked havoc on economies worldwide, and China was not immune to its effects. The government, along with the central bank and commercial banks, made every effort to overcome the crisis. Prior to the crisis, China’s total … Read more
The shares of Chinese developer giant Country Garden Holdings are experiencing a free fall. Since the beginning of this year, their price has plummeted by 63.6 percent. On Friday, they closed trading below one Hong Kong dollar for the first time, dropping more than six percent to a price of 0.98 (2.75 Czech koruna). Jang … Read more
The shares of Chinese developer giant Country Garden Holdings are experiencing a free fall. Since the beginning of this year, their price has plummeted by 63.6 percent. On Friday, they closed trading below one Hong Kong dollar for the first time, dropping more than six percent to a price of 0.98 (2.75 Czech koruna). Jang … Read more