Category Archives: Ministry of Finance
China’s Infrastructure Boom Heading For Rapid Slowdown In 2018
There have been signs since October’s Party Congress that China’s infrastructure boom was about to cool off as the leadership seeks to contain debt levels and focus on the quality not the quantity of growth. Subway building is one sector which has seen some high-profile project cancellations. In mid-November 2017, Caixin reported that China’s top […]
China Slashes Import Tariffs on Consumer Goods In Boost For Trump And Western Exporters
China announced it is slashing import tariffs on 187 consumer products starting next month. The Finance Ministry pointed to the cuts being concentrated in products in short supply domestically which, it believes, will prompt local producers to improve quality. The items in the list which, includes baby formula, diapers, electric toothbrushes, medicines, cosmetics, coffee machines […]
China ‘Rescues’ Bond Market In Symbolic Move But Yield Curve Remains Inverted
For the 10th day in a row, China's bond yield curve remains inverted (the longest in history). With yields at 3-year highs, corporate bond issuance is evaporating, and has now emerged as the latest major, and most imminent, threat facing China's financial sector and $10 trillion corporate debt market. However, it appears Chinese authorities have […]
Grexit 4.0? Varoufakis Urges Tsipras: Ditch Negotiations, Adopt “Parallel System”
Former finance minister Yanis Varoufakis strikes back and, as KeepTalkingGreece reports, urges Prime Minister Alexis Tsipras to turn his back on Greece’s lenders, adopt a parallel payment system and to unilateral restructure the loans held by the European Central Bank. In an op-ed in Efimerida ton Syntakton, Varoufakis, Varoufakis calls on Tispras to prepare for break […]