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Jiangxi

This tag is associated with 2 posts

Zombie borrowers haunt Chinas shadow banks


Call it the new China Syndrome: Although Asia’s biggest economy is slowing down markedly, credit continues to surge. Dead-end projects and dying industries are sucking up an ever-larger portion of new credit, while more productive borrowers are starved for funds. Nowhere is this more evident than in China’s shadow banking sector, the non-bank financiers that … Continue reading

China: Toxic chemicals found in “thousand-year-old eggs”


Thirty companies producing preserved eggs have been closed by authorities in Jiangxi province after a media exposé that toxic chemicals were used to speed up production, the country’s latest food-safety scandal. China National Radio reported yesterday that all eggs being processed at the plants in Nanchang county had been locked away for further testing, and … Continue reading

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