Chinese auditors say provinces siphoned billions from pensions, school and farm aid, highlighting a local debt crisis that now rivals half of China’s economy.
After six weeks of stalling, Beijing renews promise to unblock rare-earth flows; analysts warn any new holdup could inflame an already tense trade standoff.
Ejecting hundreds of bankers, China’s anti-graft sweep signals a high-stakes reboot of lenders buckling under bad property loans and trillions of local debt.
Ukrainian intelligence said Chinese machine tools, chemicals, gunpowder, and drone parts feed at least 20 Russian arms plants, despite Beijing’s denials.
A 30-year-old city brokerage default puts over 6,000 retirees at risk and spotlights the $10 trillion local-government debt Beijing is scrambling to hide.
Chinese auditors say provinces siphoned billions from pensions, school and farm aid, highlighting a local debt crisis that now rivals half of China’s economy.
After six weeks of stalling, Beijing renews promise to unblock rare-earth flows; analysts warn any new holdup could inflame an already tense trade standoff.
Ejecting hundreds of bankers, China’s anti-graft sweep signals a high-stakes reboot of lenders buckling under bad property loans and trillions of local debt.
Ukrainian intelligence said Chinese machine tools, chemicals, gunpowder, and drone parts feed at least 20 Russian arms plants, despite Beijing’s denials.
A 30-year-old city brokerage default puts over 6,000 retirees at risk and spotlights the $10 trillion local-government debt Beijing is scrambling to hide.