Hints and tips:
...“For Chinese banks, the downside of lending to distressed property projects far outweighs the upside,” said Larry Hu, chief China economist at Macquarie....
...“The Chinese government doesn’t want a market-based stock market,” said Larry Hu, an economist at Macquarie Group in Hong Kong. “It wants one that helps the authority carry out industry policy.”...
...The reasons for Hu’s removal have never been explained. But in his own quiet way, Li may have had the last word....
...Han and Hu’s supporters argued that fears about the impact on China’s largely state-owned banking sector were overblown. “Not every bank will go under,” one of the people said....
...Seen as a pro-market reformer who was supported by former president Hu Jintao, Li was once believed to be a contender for the presidency but the party chose Xi, who took it in a more austere direction....
...Youth unemployment has more than doubled since the government began this “de-risking” in 2018, Macquarie’s Hu said in a report....
...“The People’s Bank of China thought there was too much market liquidity,” said Hu....
...“This is the worst [in recent years] for China’s public finances,” said Larry Hu, a Hong Kong-based economist at Macquarie Group. “A host of negative factors are coming together.”...
...Fiction films, says Yu, offer the chance to “say things more indirectly”....
...Hu, who is in quarantine himself, said state media had not intentionally run campaigns to emphasise the dangers of the virus....
...“We miss Jiang Zemin not only for himself but also for the China of his time,” said Daniel Yu, a Chinese law expert based in New York. “China back then was more tolerant and inclusive....
...Ren Yi, an influential blogger who writes under the moniker Chairman Rabbit, wrote that the extreme sentiments expressed by Hu and others were “completely unreliable”....
...The lack of checks on this approach, Yu said, was partly to blame for the weakness in the market....
...For me, that’s the biggest uncertainty,” Yu says, adding that the resulting inequality appears to be “very Dickensian”....
...The article by Hu Wei, a Shanghai-based political scientist affiliated with the State Council’s research office in Beijing, was first published on March 12 by the Carter Center in Atlanta....
...effort has led to the detention of tens of thousands of officials, including senior national leaders such as Zhou Yongkang, China’s former security chief, and Ling Jihua, a top aide to former president Hu...
...Additional reporting by Cheng Leng in Hong Kong and Sun Yu in Beijing...
...“We began talks with CATL two and a half years ago, when the company had another location in mind,” foreign minister Péter Szijjártó told the local news site Haon.hu....
...“China’s fixed investment is returning to the normal level of 2 per cent growth from a 20 per cent decline,” said Larry Hu, an economist at Macquarie Group....
...Additional reporting by Sun Yu and Edward White...
...“A wholesale bailout is not likely,” predicted Larry Hu, chief China economist at Macquarie. “Shareholders and lenders might take a big loss....
...“Beijing has more considerations than the economic point of view,” said Larry Hu, chief China economist at Macquarie....
...“The intrinsic tension between bolstering growth and curbing risks means that [the government] has to grab this short window to do as much as possible,” Hu said....
...Two other vice-premiers — Han Zheng and Hu Chunhua — have sided with the housing ministry in wanting to maintain the pressure on developers . .....
...Tom Mitchell in Singapore, Sun Yu in Shanghai and Xinning Liu in Beijing...
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