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China’s property market abuzz as authorities walk tightrope to recall illegal loans Letter circulating online requested the repayment of a loan and the interest ‘because the borrower failed to fulfil the purpose of the debt according to the loan agreement’ Outstanding household borrowing at the end of 2020 stood at 63.19 trillion yuan (US$9.7 trillion), the equivalent of 62 per cent of Chinese gross domestic product

Daytrading has been booming during the pandemic. As lots of retail investors also join in, stock prices have been soaring. But in this very risky business it’s easy to lose big. Chelsey Dulaney tried out daytrading for herself.

Soaring debt risk Authorities need to prepare exit strategy All economic players ― households, businesses and government ― have recorded a surge in their debt due to the COVID-19 pandemic. This is raising the need for an exit strategy to avoid a debt crisis before it is too late. According to the Bank of Korea (BOK), outstanding bank loans extended to households reached 988.8 trillion won ($896 billion) as of Dec. 31, up 100 trillion won from the previous year. When loans from non-bank financial firms were included, the sum hit a record 1,682 trillion won last September, and is estimate...

The unique impact of the coronavirus recession makes a fast recovery possible, but even after the pandemic recedes, the global economy will be facing a myriad of problems

Could remove the fed chair, but only for cause, and the courts have said that that means legal misconduct, basic neglect of duties, that is not an argument over monetary policy. you can't fire someone because you don't like that they're going to raise or lower interest rates. this is a delicate time for the fed. in some ways the economy looks great. you have low unemployment numbers. there are signs of jitters, there's an asset bubble in the markets, the housing markets are looking wobbly, so they have a really tough decision to make right now. and the president's really muddying the waters, i...