IMF: Spiralling Corporate Debt in China Needs to be Controlled; Bitcoin Holds the Answer
According to the International Monetary Fund (IMF), China needs to control its corporate debt before the situation becomes unmanageable. Does bitcoin hold the answer? A report from the IMF has found that at $25 trillion, China’s debt accounts for 254 percent of GDP. As a consequence, startups and businesses could soon turn their attention to the growing popularity of bitcoin. Of course, China isn’t the only country that is experiencing a high percentage of GDP. CNN reports that the U.S. also has a similar percentage, but what sets China apart is the rate at which it has been growing. A....
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With so much volatility in fiat currency and stock markets, traditional debt-relief solutions are not a valuable option either. Interesting things are happening in the world of traditional finance these days. China, while often seen as a prosperous economy, has received a stern warning from the IMF. The country needs to address their corporate debt levels before things spiral out of control. This will put a lot of pressure on entrepreneurs and corporations, which may cause citizens to flock to Bitcoin in the long run. China is one of the many countries in the world today dealing with a....
The state of the Treasury market isn’t looking great. With Japan, Russia and China dumping U.S. bonds, the question remains: Who will buy our debt?
Aiga Gosh is researcher in international law at the China University of Political Science & Law. In this article, she briefly examines China's economic history, its currency controls and the rise of bitcoin in the country. China's monetary policy and currency has largely been in mess for a long time. Only in 1994 did China manage to set a unified, official exchange rate abandoning a dual system, with both a fixed and a market rate existing side-by-side. It has tightly controlled the flow of capital across its border, which has enabled Chinese authorities to steer the economy and control....
In these new series of posts, we will be discussing price trends and important developments in the Blockchain industry. Today we will be reviewing the price increase of both Bitcoin and Ethereum. Another week goes past in the Crypto Sphere. Since June 10 Bitcoin and Ethereum have experienced an incredible surge in price. Bitcoin has managed to pull a +28% increase in valuation against the United States Dollar and +29% against the Chinese Yuan. A quick retrace in Bitcoin price some hours ago left the price close to the 2 hour Moving Average. Cryptocurrencies are looking strong, the perfect....
China is at the center of Bitcoin as it should be. After all, most of the world’s Bitcoin is mined and traded there. However of late, the Chinese Bitcoin scene has a new persona on the stage and that is the country’s almighty central bank, the People’s Bank of China hereinafter PBOC. The PBOC has of late issued two statements, one on Jan. 11, 2017 and the other on Jan. 6, 2017 both of which have sent Bitcoin falling from the early January highs the currency had achieved above the $1,000 mark. So what is prompting the PBOC to take an interest in Bitcoin and what is the likely outcome of....