Economy

Small Chinese Banks Scaling Up Shadow Lending

Small Chinese Banks Scaling Up Shadow Lending

China’s shadow banking sector is growing, according to new documents revealing a rise in the number of unlisted banks operating in the country. Well-known lenders, including several city-based firms, are engaging in complex credit schemes to avoid the country’s increasing…
Japanese Trade Deficit Widening on Poor Exports

Japanese Trade Deficit Widening on Poor Exports

Japanese Prime Minister Shinzo Abe has been praised for its ‘Abenomics’ economics program, which has been credited with reducing deflation across Japan and creating new jobs in the manufacturing sector. However, weak exports have widened Japan’s trade deficit, creating new…