2026-11-06
A report released by Bloomberg Economics on November 6 stated that if the Democratic Party slows down AI investment and data center construction after a major victory in the U.S. midterm elections, China's growth, which relies on AI hardware exports, will be hit. Net exports contributed nearly 40% of China's economic growth in the third quarter, and chips and computer products accounted for 40% of the year-on-year increase in exports in the first nine months.
2026-11-06
At the Bu Ming Bai Festival held in Tokyo, the Bu Ming Bai Podcast invited Professor Xu Chenggang to discuss the institutional logic behind China's economic growth and recession, as well as how ordinary people can cope, using his book 'The Institutional Genes' as a starting point.
2026-11-05
On November 5, Pan Gongsheng, Governor of the People's Bank of China, reported on financial work to the Standing Committee of the National People's Congress: As of the end of September this year, the number of remaining local government financing vehicles nationwide has decreased by 92% compared to the end of March 2023; as of the end of June, the stock of operational financial debt has decreased by 79%. The report also disclosed that the cumulative approval for real estate 'white list' loans has exceeded 8.4 trillion yuan, and that officials have established a liquidity support tool for clearing arrears and held talks with leading enterprises that have defaulted on payments.
2026-10-29
The country risk index for Argentina, calculated by J.P. Morgan, surged to 703 points last Friday, the highest level since 2026, marking a significant increase from the 402 points recorded on July 10.
2026-10-26
On October 26, Bloomberg reported on a Morgan Stanley study saying that the Chinese stock market may not have bottomed out yet, and that offshore Chinese stocks could fall another 10%–15% before approaching historically low valuations, with weak economic consumption, pressure on e-commerce, and fears of tax-triggered selling of trusts intensifying the adjustment.
2026-10-25
Bloomberg reported on October 25 that China's stock market has shrunk by about $3.5 trillion from its high earlier this year in May, with the CSI 300 index falling into a bear market the previous week, as weak consumption and price wars squeeze corporate profits.
2026-10-13
On October 13, the IMF released its latest World Economic Outlook, raising Taiwan's 2026 growth forecast from 5.2% in April to 10.7%, while lowering the mainland's forecast by 0.1 percentage points to 4.5%; Taiwan's growth is mainly driven by demand for AI and advanced chips.
2026-10-11
According to a report by the Financial Times, China's economic growth in the second quarter fell to 4.3%, below the full-year target range of 4.5% to 5%. Retail sales and fixed-asset investment were weak, and the property market has been in a downturn for more than five years.
2026-10-11
Srinivasan, head of the International Monetary Fund's Asia Department, noted that China's growth model of relying on investment, manufacturing and exports is approaching its limits, and suggested improving the social security system, adjusting local government incentives and the land-finance model, warning that otherwise the country could fall into a prolonged slowdown.
2026-10-11
Research by the Conference Board shows that interest payments on the debt of China's central and local governments are expected to reach 1.4 trillion yuan in 2026, far exceeding the roughly 348 billion yuan in 2014; central government debt service is projected to rise to 19.2% of the general public budget.
2026-10-08
On October 8, The Wall Street Journal reported that, facing difficulties such as the real estate downturn, insufficient domestic demand, and second-quarter GDP growth slowing to 4.3%, the stimulus measures introduced by the Chinese government — including mortgage subsidies and capital injections into banks — lean toward caution and are unlikely to fundamentally reverse the economic weakness.
2026-10-04
The Financial Times has re-disclosed and analyzed the sharp decline in the number of corporate entities among China's rural small and medium-sized banks, as well as the weaknesses of the banking system.
2026-09-30
On September 30, the International Monetary Fund (IMF) published a new book, "Toward a New Growth Model for the Chinese Economy," on its official website, pointing out that linking local officials' performance evaluation to GDP targets has led to infrastructure expansion, land-sale financing, and the accumulation of local government financing vehicle (LGFV) debt. LGFV cash flows can cover only about one-quarter to one-third of interest payments. The book recommends improving social security, advancing household registration (hukou) reform, and increasing the progressivity of the tax system.
2026-09-29
The fiscal interest subsidy policy was officially announced on September 29 and went into effect at the start of the National Day holiday; combined with developer discounts, it drove up new home transaction volumes in some key cities.
2026-09-29
An X account named “所谓伊人在水一方” uploaded a video of a female teacher talking about student safety, in which she reminds high school students to guard against strangers, vehicles, and the risk of losing contact.
2026-09-28
According to a Bloomberg report on September 28, China's banking sector is accelerating the bulk sale of non-performing personal loans such as credit card debt and consumer loans. In the first eight months of this year, over 1,000 asset packages were listed, with outstanding balances exceeding 275 billion yuan, and some deals were priced as low as 1% of face value.
2026-09-28
Concerned that debt collection practices could affect social stability, police authorities have recently stepped up scrutiny of collection companies and cracked down on violent debt collection. Some collection firms have laid off staff or ceased operations, and the pace of banks' non-performing loan recovery has slowed.
2026-01
According to data cited in the video, deposits flowing into non-bank institutions such as securities firms and funds totaled about 5.6 trillion yuan in the first five months of 2026.
2026
The video's author lists indicators from the first half of the year — contracting consumption, high-ranking officials falling from power, declines in fiscal revenue and household savings, and rising unemployment and credit defaults — claiming all have set historical records; no unified source can be found for any of the data.
2026-05-08
While the spot market remains calm, approximately 70% of short-selling activities are bypassing public markets, frequently trading in dark pools and aggressively sweeping up short-term options.
2026-09-23
On September 23, at the Party-Mass Service Center in Hebaizhuang, Chengjiao Township, Sheqi County, Nanyang, Henan, after He Xianglin's fundraising scheme collapsed and the funds were suspected to have been absconded with by an upstream operator, a large number of investors showed up to defend their rights; most participants were elderly villagers from various villages, involving about 2,000 households.
2026-09-18
In a conversation, Morgan Stanley's Chief Economist for China, Xing Ziqiang, pointed out that China's social security expenditure accounts for only about 8% of GDP, far below the OECD average of 25% and the levels of developing countries with similar per capita GDP, and also mentioned group disparities in the enjoyment of public services.
2026-09-19
On September 19, Huang Yiping, a member of the Monetary Policy Committee of the People's Bank of China, stated at the Beijing Economic Forum that artificial intelligence may exacerbate the contradiction between China's overcapacity and insufficient household purchasing power. He pointed out that distribution leaning toward capital leads to weak demand, and suggested increasing the proportion of household income through market-oriented reforms, while the central government borrows to repair the balance sheets of local governments and enterprises.
2026-09-19
At the Tsinghua Wudaokou Chief Economists Forum, four scholars—Lin Yifu, Yu Yongding, Yao Yang, and Li Xunlei—concentrated their efforts to call on the central government to adopt expansionary fiscal policies and bail out local government debt.
2026-09-19
According to comments, New Hope Group founder Liu Yonghao (Liu Yonghao) was once China's richest man; the group is now burdened with over 80 billion yuan in debt, a debt-to-asset ratio exceeding 70%, and is mired in a severe debt crisis.
2026-09-15
On September 15, The Wall Street Journal published an article pointing out that while China can avoid a sudden financial crisis through its state-controlled financial system, the losses from real estate and bank bad loans will not disappear. Economist Michael Pettis believes that the losses will be borne by ordinary residents in the long run through low deposit returns and shrinking asset values, rather than manifesting in public forms such as bank failures.
2026-09-17
The half-year reports of the Big Six banks show that the combined balance of personal housing loans fell by 508.6 billion yuan in the first half of the year, more than half of the 711.5 billion yuan decline recorded for all of 2025; the non-performing loan ratio of Industrial and Commercial Bank of China's personal mortgages rose 23 basis points in six months to 1.29%, and the mortgage NPL ratios of all six major banks are rising.
2026-09-17
In the first half of 2026, large banks were net sellers of ultra-long-term government bonds with maturities of more than 20 years to the tune of 911.6 billion yuan, while small and medium-sized banks were net sellers of 321.5 billion yuan of such bonds and net buyers of 1.98 trillion yuan of short-term government bonds with maturities of less than one year. Meanwhile, rural commercial banks have deposit costs of about 1.6% to 1.9%, while the yield on one-year government bonds is only about 1.2%. Banks are buying bonds at a loss, reflecting the pressure of an asset shortage and an inverted rate spread.
2026-09-17
Around August 2026, the bill financing rate fell to 0.94%, below the 0.95% one-year listed deposit rate at major banks, meaning banks' bill discounting can no longer cover deposit costs.
2026-09-15
On September 15, German Chancellor Merz criticized China at the Berlin Entrepreneurs' Conference, stating that through state intervention, overcapacity, and export subsidies, China has driven the EU's trade deficit with China to over 300 billion euros. EU leaders plan to discuss in October whether to deploy trade defense instruments.
2026-09-15
Wen Bin, chief economist at China Minsheng Bank, published a column on September 15 saying that the financing structure in August continued to optimize and better match new quality productive forces; the claim is accused of masking the contraction of credit in the private sector.
2026-09-14
The People's Bank of China released the financial data for August. New RMB loans nationwide totaled only 60 billion yuan, far below the market expectation of 404.3 billion yuan, and the year-on-year growth rate plummeted to a historic low of 4.9%. Both household and corporate loans experienced sharp declines, reflecting a frozen willingness for private sector investment and consumption.
2026-09-14
China's central bank released August financial data. New renminbi loans nationwide totaled only 59.1 billion yuan, while household loans fell by a net 202.9 billion yuan.
2026-09-14
In the first 8 months of 2026, net corporate bond financing totaled 2.79 trillion yuan, 1.23 trillion yuan more than the same period last year. However, most of these were bonds of a local government financing platform nature, essentially replacing loans with low-interest, long-duration bonds rather than representing new investment.
2026-09
As the lives of ordinary people grow ever harder, the Chinese Communist Party authorities seem to turn a blind eye to their suffering, continuing to tout a bright outlook for China’s economy and calling on all sectors of society to revel in economic prosperity.
2026-09
In September 2026, according to a blogger's friend, a credit business in a Pudong, Shanghai bank is seeing a continuous rise in bad loan rates due to unstable customer income and deteriorating business operations. Extremely strict approval standards have led to almost zero performance, leaving loan officers with only the minimum basic wage and facing the dilemma of forced resignation.
2026-09
Amid soaring bad loans and inadequate capital at major state-owned banks, China's Ministry of Finance issued 300 billion yuan in special treasury bonds in September 2026 to replenish the capital of major state-owned banks such as the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank.
2026-09
In Q2 2026, the net interest margin of commercial banks fell to 1.25%, with the margins of the four major banks — ICBC, ABC, BOC and CCB — ranging between 1.23% and 1.29%, and the posted one-year deposit rate already cut to 0.95%.
2026-09
By the end of 2025, over 82% of financing platforms had exited, most of them by being renamed as operating financial debt; an estimated 5 to 7 trillion yuan remains. Policy requires platforms to completely sever government credit before June 30, 2027, with a measurable stock of 9.87 trillion yuan.
2026-09
Since 2026, more than 400 village and town banks have exited, in addition to 312 high-risk institutions flagged in red by the central bank's financial stability department, involving assets of 9.4 trillion yuan, concentrated in rural small and medium-sized banks such as rural commercial banks.
2026-09
In the first 8 months of 2026, securities transaction stamp duty grew nearly twofold year-on-year. Funds mainly changed hands among households, brokerages, the fiscal authorities and insurance companies, without generating any new investment.
2026-09
At the recent Tsinghua PBC School Forum, economists within the system, including Lin Yifu, Yu Yongding, Yao Yang, and Li Xunlei, rarely criticized economic policy en masse. Yu Yongding said the central government's books are clean while local governments are a complete mess, and called on the central government to issue bonds to replace local debt.
2026-08-30
According to the video, Henan abandoned the plan for city-level unified legal entities and instead directly set up a provincial unified legal entity, merging round after round and absorbing over a hundred institutions in one go, with the provincial rural commercial bank's registered capital piling up to nearly 100 billion yuan; Henan's debt ratio exceeds 420%, and its legal entity elimination rate exceeds 60%.
2026-08-30
According to the video, Liaoning's debt ratio exceeds 500%, the elimination rate of legal persons of rural commercial banks exceeds 70%, and dozens of county-level banks have been merged into the provincial rural commercial bank in one step.
2026-08-30
According to figures cited in the video, by the end of 2025 even under official accounting, the average non-performing loan ratio of China's rural commercial banks reached 2.72%, ranking last among all types of banks.
2026-08-23
People’s Daily continues to publish “Zhong Caiwen” articles, claiming that China’s economy has shown “strong resilience.”
2026-08-23
Chinese state media published an article characterizing the 4.7% economic growth in the first half of the year as high-quality, arguing that it is in line with the current economic reality.
2026-08-22
People’s Daily published an article signed “Zhong Caiwen,” arguing that observations of China’s economy should not focus only on single-month data.
2026-08-17
Li Qiang presided over a State Council meeting, calling for persisting in expanding domestic demand, focusing on the principal contradiction, seizing on areas with long industrial chains and large scale, and promoting the domestic economic cycle and consumption upgrading.
2026-08-17
On August 17, 2026, China's National Bureau of Statistics rarely broke its long-standing convention of releasing data in the morning, postponing the July national economic data to 3 p.m., after the A-share market closed, sparking market concerns that the data was under pressure.
2026-08-15
As of August 15, 2026, the four AMCs—Cinda, Huarong, Great Wall, and CITIC Financial—have not yet fully disclosed their 2026 interim financial report data.
2026-08-13
On August 13, 2026, foreign media reported that Anhui Guohou Asset, a Chinese local distressed-asset disposal firm, was formally ruled by a court to enter bankruptcy reorganization after being unable to repay massive debts of about 13 billion yuan.
2026-08-06
The yield on one-year US Treasury bonds reached 4.6%, compared to 1.3% for a five-year fixed deposit at China Construction Bank and 1.7% for savings bonds issued by the Ministry of Finance.
2026-08
China’s central bank and the financial regulator issued Document No. 171, allowing borrowers who cannot repay to defer payments, extend loan terms, or directly delay principal repayment, with extensions capped at half of the original loan term.
2026-08
In August 2026, the People’s Bank of China released financial data showing that the month’s nationwide new RMB loans were only 60 billion yuan, far below the market expectation of 4,040 billion yuan. In the first eight months, nationwide new loans totaled 10.44 trillion yuan, nearly 3 trillion yuan less year‑on‑year. Government bonds accounted for 1.01 trillion yuan of the total 1.66 trillion yuan of financial involvement in society, a year‑on‑year plunge of 35%, while corporate and household loans shrank sharply.
2026-08-01
On August 1, 2026, Qiushi, the journal of the CCP Central Committee, published an article candidly acknowledging that there is a temperature gap between macroeconomic data and the micro-level experience of the ordinary public, conceding that intensifying competition for jobs and improvements in income have fallen short of expectations, sparking widespread social discussion.
2026-07-30
On July 30, 2026, the CCP Central Committee Politburo held a meeting to analyze the economic situation. The Wall Street Journal reported that the meeting emphasized supply-side optimization and the implementation of existing policies, sending a clear signal that there is no intention to unleash flood-style massive stimulus in the face of slowing economic growth.
2026-07-29
People's Daily published guidance opinions, releasing a strong signal of investigating the Ctrip monopoly case and cracking down on antitrust involution, drawing outside attention to the authorities' further rectification of foreign and private enterprises.
2026-07-24
The CCP Central Committee held a symposium with non-Party figures at Zhongnanhai. Presiding over the meeting, Xi Jinping said that China's economy is currently facing certain difficulties and challenges.
2026-07-24
At a symposium with non-Party figures, Xi Jinping acknowledged for the first time in his own words that China's economy is experiencing a severe downturn. The news is regarded as an important milestone, foreshadowing the gravity of China's economic situation.
2026-07-23
The court has officially ruled to accept the reorganization application of Guohou Asset, and the company has entered formal bankruptcy reorganization proceedings.
2026-07-22
On July 22, 2026, Zhang Enhui, Secretary of the Changchun Municipal Party Committee, presided over an enlarged meeting of the Municipal Party Committee Standing Committee. The official communiqué stated that the city's economic development is currently facing "unprecedented difficulties and challenges."
Location: Changchun, Jilin ·
Importance IV ·
Verification: Official claim ·
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2026-07-22
On July 22, 2026, the CCP Changchun Municipal Committee held an expanded standing committee meeting to conduct an in-depth analysis of the economic situation in the first half of the year, and the official announcement rarely admitted that the city's economic development is facing unprecedented difficulties and severe challenges.
2026-07-15
On July 15, 2026, China's National Bureau of Statistics released data showing that national GDP grew 4.7% year-on-year in the first half of 2026, while growth in the second quarter slowed to 4.3%, falling short of the full-year target, with real estate investment down 18% year-on-year.
2026-07-15
China announced that GDP grew 4.3% in the second quarter. Nominal growth exceeded real growth for the first time in 13 quarters, mainly driven by price increases upstream.
2026-07-08
A China economic briefing released by the World Bank on July 8 pointed out that China's domestic demand will continue to shrink and housing prices will fall, with the root cause being that the government of the Chinese Communist Party (CCP) uses 43% of its budget for investment while underfunding people's livelihood.
2026-07-07
Renowned macroeconomist Gao Shanwen has passed away due to illness at the age of 55. He previously worked at institutions such as Peking University and Guotai Junan Securities, and was well-known for his profound insights and warnings regarding the Chinese economy.
2026-07-04
The quarterly meeting of the Monetary Policy Committee of the People's Bank of China adjusted the economic tone from "steady progress" to "toward the new, toward the better," and listed structural optimization as one of the challenges facing the economy.
2026-07-03
On July 3, 2026, the Heilongjiang regulatory bureau approved the bankruptcy of Zhongrong Trust. The trust giant, which defaulted in 2023 and managed over 700 billion yuan, has been confirmed insolvent, with over 200 billion yuan in assets on its books and over 400 billion yuan in liabilities.
2026-07-03
On July 3, 2026, Zhongbang Bank, a private internet bank in Wuhan, was jointly taken over by the National Financial Regulatory Administration and the Hubei Provincial Government. The bank was established in 2017, with Wuhan Zhuor Holdings as its largest shareholder, and mainly engages in supply chain finance.
2026-07
China's official data shows Q2 GDP grew 4.3% year-on-year, the slowest pace since the end of 2022.
2026-07
According to relevant data, China's stock of aggregate financing is close to 460 trillion yuan, loans are about 280 trillion yuan, and the macro leverage ratio has risen to 316%.
2026-07
The market widely expects China's year-on-year GDP growth in the second quarter of 2026 to fall back to 4.2% to 4.5%, while the Bank of China Institute of International Finance has forecast 4.7%.
2026-07
Data show that in the first five months of 2026, household sector loans decreased by a net 631.4 billion yuan, of which short-term loans fell by 694.2 billion yuan; as of May, household loans had seen net repayment for two consecutive months.
2026-07
Data show that China's banking sector recorded a net profit of 632.3 billion yuan in the first quarter, down 3.7% year-on-year, with growth turning from positive to negative compared with the full year of last year.
2026-07
Data from Securities Times shows that of about 35,700 existing bank wealth management products in China, around 4,203 saw changes in net asset value within 6 months, of which 579 fell below their issue net asset value.
2026-06-18
The website of the Chinese Communist Party's theoretical journal Qiushi published a commentary article titled "Boost Consumption with Greater Vigor," proposing measures such as increasing residents' income, improving the social security system, rescuing the real estate sector, and repairing residents' balance sheets.
2026-06
An audit disclosure shows that financial institutions formed approximately 1.41 trillion yuan in inflated loan scales through methods such as idle fund circulation, false profit concessions, and relaxed risk controls.
2026-06
The State Council announced the issuance of 300 billion yuan in special treasury bonds to replenish the capital of the six major commercial banks, exposing the fact that bank capital has been severely depleted.
2026-06
Audits explicitly named ICBC, CCB, Bank of Communications, CITIC, and other banks for tech-finance that fails to live up to its name, stating that 126 provincial branches retroactively labeled 64.22 billion yuan in loans as tech loans after the fact.
2026-06
An audit report revealed that relevant financial institutions illegally covered up or disposed of 63.943 billion yuan in non-performing assets, and illegally conducted credit business totaling 67.6 billion yuan.
2026-06
An audit pointed out that the Agricultural Bank of China issued 11.066 billion RMB in loans to projects not belonging to high-standard farmland, and some funds were diverted to purchase wealth management products and bonds.
2026-06
FINRA data show that U.S. margin debt rose 8.5% month-over-month in May 2026 to about $1.416 trillion, a record, up 53.7% from a year earlier.
2026-06
By mid-June, Brent crude had fallen back to around $70, a retreat of more than 40% from its peak.
2026-06
According to central bank data, at the end of June 2026 the broad money M2 balance stood at 356.71 trillion yuan, up 8% year on year.
2026-05-22
On May 22, 2026, the securities regulator and seven other departments issued a plan to crack down on illegal cross-border securities business, and plan to impose fines totaling more than 2.2 billion yuan on Futu and Tiger; both stocks fell 30 to 40 percent before the open.
2026-05-22
The Chinese Communist Party's securities regulator announced a crackdown on cross-border brokerages such as Futu and Tiger, accusing them of doing business with domestic residents without a license. The news sent the two companies' shares plunging 30% to 40% in pre-market trading in the US.
2026-05-21
As Futu rebounded and swung intraday, attracting retail investors to buy the dip, the options monitoring system captured extreme put sweeps on Futu and Taige at 9:57 a.m.
2026-05-04
On May 4, 2026, the High Court of Hong Kong granted a restraining order applied for by the Department of Justice, freezing HK$8.93 billion in assets belonging to 42 people including Chen Zhi and their associated companies.
2026-05
In late May 2026, according to data from Enterprise Early-Warning (Qiye Yujingtong), China's government bond stock stood at approximately 101.15 trillion yuan, exceeding 100 trillion yuan for the first time; the video also claimed that the figure would exceed 200 trillion yuan when hidden debt is included, but no authoritative source was found for this measure.
2026-04-25
Justin Yifu Lin, dean of the Institute of New Structural Economics at Peking University, said in Hefei that China is only 135 dollars short of the high-income country threshold and could cross it by next year at the latest.
2026-01-19
China's statistical department announced that the nominal GDP for 2025 is approximately 140 trillion yuan, a figure used to estimate the economic losses caused by information control.
2026
According to International Monetary Fund estimates, the actual scale of the Chinese government's debt in 2026 will be about 200 trillion yuan, reaching 135% of GDP.
2026
Based on calculations using International Monetary Fund data, China’s actual government debt ratio is projected to exceed 200% in 2026.
2026
Based on data from the International Monetary Fund, the video estimates that China's fiscal deficit in 2026 is expected to exceed 15%.
2026
China's central bank has issued a trillion-level buyout reverse repo for the third time this year to cope with the rapid spread of financial risks.
2026
Data from China's Ministry of Commerce shows that after reaching a peak of 1.23 trillion in 2024, the national actual utilized foreign investment fell to 747.6 billion last year, a year-on-year decrease of 40%, and has continued to decline by 7% this year on a low base.
2026-01
In 2025, the net interest margin of China's commercial banks dropped to 1.4%, with the Bank of China at 1.26%, and net interest income experienced negative growth for two consecutive years.
2026-01
From January to May 2026, the budget deficit of the Russian Federation reached 6.01 trillion rubles, accounting for 2.6% of GDP, about 1.6 times the planned full-year deficit of 3.79 trillion rubles.
2025-12
According to estimates in the Southwestern University of Finance and Economics' "2025 Report on the Fiscal Conditions of Provinces, Cities, and Counties," in 2024 the average fiscal self-sufficiency rate of the country's 2,774 county-level areas was about 38%, with the lowest county at only about 1%.
2025-09
Facing weak genuine corporate borrowing demand and pressure from credit assessment targets, banks absorbed large volumes of bills by pushing down their internal bill-purchase costs, leading to a sharp increase in bill financing and corporate deposits across the market.
2025-05
Since May 2025, audits have uncovered over 260 major disciplinary and legal violations, involving more than 1,100 people and approximately 91 billion RMB in funds.
2025-04-02
On April 2, 2025, Trump announced "Liberation Day" reciprocal tariffs, imposing a minimum 10% tariff on imports from around the world, triggering a sharp decline in global financial markets.
2025
In 2025, China's high-tech industry actually used 241.8 billion yuan in foreign investment, down 15.6% year on year.
2025
China-Brazil bilateral trade volume reached $188 billion in 2025, ranking first in Latin America, yet Brazil's GDP growth rate over the past 15 years ranks second to last among major Latin American countries.
2025
Russia's gold reserves have dropped from more than 400 tonnes before the war to 139 tonnes.
2025
The number of rural small and medium-sized banking institutions in China has seen a net decrease of 670 within one year through methods such as mergers and acquisitions, reflecting the significant risk pressure faced by small banks.
2025
Despite the Chinese ban, Japan's total seafood exports recovered in 2025 and hit a record high of 423.1 billion yen, a year-on-year increase of 17.2 percent.
2025
Statistics bulletin of the National Health Commission shows that in 2025 there were 15.109 million voluntary blood donation visits nationwide, with a donation rate of 10.9 per 1,000 people; all three key indicators dropped by about 11% compared with 2023; in 2024, donations were already more than 1 million visits fewer than in 2023.
2024-12-03
In a speech at the end of 2024, Gao Shanwen expressed sensitive views on the cyclical bubbles, consumption structure, actual growth rate, and future low growth of the Chinese economy. The speech was subsequently banned, marking his final public address.
2024-07
Under the influence of bank credit assessment and market supply and demand, the rediscount rate on one-month national joint-stock bank bills touched zero for the first time at the end of July, opening up the subsequent long-term low-interest-rate bill discount arbitrage channel.
2023
Last year, daily rental rates in China's robot rental market ranged from 5,000 to 15,000 yuan, used mainly for performance-type events such as mall openings, auto show booths, and warm-up acts at annual galas.
2022-10
University of Chicago scholar Martinez, using satellite nighttime light data, found that annual GDP growth in authoritarian countries is overstated by an average of about 35%, and that China's figure may have been overstated by about one third over the past two decades.
2020-10-24
On October 24, 2020, Jack Ma criticized the “pawnshop mentality” of Chinese financial regulators and banks at the Shanghai Bund Financial Summit — the last time he appeared on China’s public stage in an offensive posture.
2020-03-16
Driven by the market collapse triggered by the epidemic, the VIX hit a record single-day closing high of 82.69, the highest since its inception in 1990.
2019-07
In July 2019, Caixin reported that the Office of the Leading Group for the Special Rectification of Internet Financial Risks recommended that the police open an investigation into Sun Yuchen over suspected illegal fundraising, money laundering, pornography- and gambling-related issues.
2019-05-24
After being taken over in 2019, Baoshang Bank announced bankruptcy. The top cause of death was that more than 150 billion yuan occupied by Tomorrow Group shareholders was essentially all lost; personal deposits were fully protected, large interbank claims were covered at an average of about 90 percent, and 6.5 billion yuan in Tier 2 capital bonds was written down in full.
2018-01-11
In January 2018, Tianjin Binhai New Area switched its GDP statistical basis from registered to local, revising its 2016 GDP from 1,000.231 billion yuan to 665.4 billion yuan, a drop of about one third; the Tianjin Municipal Bureau of Statistics said this had no impact on the city's overall GDP.
2013
In 2013, a high-frequency trading system at a London venue produced a large number of spoofed orders that never executed; the relevant orders were flagged as market data anomalies and triggered a market flash crash.
Location: London, United Kingdom ·
Importance III ·
Verification: Reported ·
View causal chain →
2012
The sum of GDP figures reported by provinces and municipalities in 2012 was 57.66 trillion yuan, about 10% higher than the 51.93 trillion yuan calculated by the National Bureau of Statistics; the bureau said the difference was mainly due to double counting in the tiered accounting system and differences in raw data.
2007-03
The then-Secretary of the Liaoning Provincial Party Committee, Li Keqiang, told the US Ambassador that Liaoning's GDP figures were man-made and for reference only, and that he only looked at electricity consumption, railway cargo volume, and bank loans.
2001-12-11
On December 11, 2001, China officially became a member of the World Trade Organization after an agreement was reached at the ministerial conference in Doha.
1995
Russia implemented a loans-for-shares scheme, where oligarch banks used funds lent to the government as collateral to acquire controlling stakes in core enterprises such as oil and metallurgy through auctions.
1993-12
In late 1993, China determined the plan to unify the RMB exchange rate, merging the official and market rates. The relevant reforms were officially implemented the following year.
1992-01
Russia implemented a privatization voucher program, issuing vouchers to citizens while the government simultaneously liberalized all prices, leading to hyperinflation. Ordinary citizens were forced to sell their vouchers at a discount, while factory managers and others seized the opportunity to sweep up control of enterprises.
1976
In October 1976, the ten-year-long Cultural Revolution ended with the "downfall of the Gang of Four"; the prolonged political campaigns had a severe impact on China's economy.
1973
After rising to high valuations, the Nifty Fifty fell sharply along with the bear market that began in January 1973; valuations were compressed to low levels, with earnings and valuation declining at the same time.
1948-08-19
To curb hyperinflation, the Nationalist Government issued gold yuan notes and forced the public to hand over gold, silver and US dollars, and in the end the price-control policy collapsed.
1929-10-24
After a rally in the summer of 1929, the US stock market crashed in late October.
1929-03
On March 25, 1929, after the Federal Reserve warned of excessive speculation, the stock market suffered a small crash, with call loan rates rising as high as 20%; the next day, after the National City Bank announced an injection of funds to support the market, they fell back.