He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.
Category: Credit and Debt
-
Meet the Xi Jinping Loyalist Now Overseeing China’s Economy
The New York Times – Business: -
Support Grows to Have Russia Pay for Ukraine’s Rebuilding
The New York Times – Business:Although U.S. officials have cautioned against seizing Russia’s reserves in foreign banks, others say it’s “crazy” not to after Moscow’s war of aggression.
-
Banks Are Borrowing More From the Fed: What to Know
The New York Times – Business:As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
-
PacWest Bank Taps Credit Lines After 20% Drop in Deposits
The New York Times – Business:The Los Angeles lender, which has come under scrutiny amid worries about midsize banks, said withdrawals had “stabilized.” It expressed confidence in its ability to raise cash.
-
A Big Question for the Fed: What Went Wrong With Bank Oversight?
The New York Times – Business:As the Federal Reserve reviews the failure of Silicon Valley Bank, and Congress prepares for hearings, bank oversight is getting a closer look.
-
Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan
The New York Times – Business:The nation, having weathered negotiations with Japan, India and China, hopes the emergency funds from the International Monetary Fund will see it through its debt crisis.
-
Hedge Funds That Bet on Credit Suisse Rescue Face Uneven Results
The New York Times – Business:Among the funds to bet on the rescue deal were two that specialize in buying the bonds of companies on the brink of bankruptcy.
-
48 Hours Till Payroll, $200,000 to Go: Diary of a Bank Failure
The New York Times – Business:The collapse of Silicon Valley Bank set major financial disruptions in motion. It also made one founder’s week a scramble.
-
Banking Crisis Hangs Over Economy, Rekindling Recession Fear
The New York Times – Business:Borrowing could become tougher, a particular blow to small businesses — and a threat to the recovery’s staying power.
-
WeWork Reaches a Debt Restructuring Deal With SoftBank
The New York Times – Business:The agreement will reduce the unprofitable office space company’s debt, giving it more financial breathing room.
-
Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride.
The New York Times – Business:Economists expected inflation and rates to stay low for years. With Silicon Valley Bank’s implosion, Wall Street is starting to reckon with how wrong that prediction has proved.