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China’s GDP Grew in 2023, but Economic Strains Lurk

The New York Times: Banking

percent, as China worked to export more to make up for weak demand, high debt and a steep property contraction at home. Gross domestic product expanded 5.2

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Collateralized Debt Obligation (CDO)

Wall Street Mojo

What is a Collateralized Debt Obligation? It happens when capital borrowers like banks, big companies, and other financial institutions lose capital provider's trust like depositors, investors, and capital markets. Table of contents What is a Collateralized Debt Obligation? How does Collateralized Debt Obligation (CDO) Work?

Debt 52
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Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

The New York Times: Banking

Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.

Debt 145
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Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks

The New York Times: Banking

A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.

Debt 126
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How the Growth of Private Credit is Impacting Private Equity

OfficeHours

Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing. Over time, private credit providers with greater financial flexibility stepped in to fill the void left by the banks’ retreat. However, this business can be risky for banks.

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China’s Property Crisis: Why It’s So Hard for Beijing to Fix

The New York Times: Banking

Beijing has often addressed economic troubles by boosting spending on infrastructure and real estate, but now heavy debt loads make that a hard playbook to follow.

Debt 79
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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?

The New York Times: Banking

The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.

Debt 129