Name: China Banking System in ‘Freefall’: Hedge Fund Founder
Uploaded: 2023-12-14T06:24:23.000Z
Description: A veteran investor says China's banking sector is in free fall and the downward spiral could wipe out $4 trillion or more from the Chinese economy.

NTD Newsroom comprises teams of reporters, editors, and producers assigned to cover breaking news and other stories.


NTD Newsroom

NTD Plus

News

Fast, compelling, first-hand news from China. China in Focus airs Monday–Friday at 8 p.m. ET.

China in Focus

Top US CEOs Join Trump in China

Grace Wang

China Tweaks Marco Rubio’s Name to Allow Entry

Tiffany Meier is an anchor, China news investigative reporter, and producer for NTD News based at the network's global headquarters in New York City. Tiffany anchors NTD's flagship shows "NTD Evening News" and "China in Focus" and co-moderates NTD's special election coverage "The Nation Decides." She produced the award-winning NTD Original documentary "Hollywood Takeover: China's Control in the Film Industry."


Tiffany Meier

Biggest Takeaways From the Trump-Xi Summit: Yates

Flora Hua is a reporter based at NTD's global headquarters in New York City, where she covers China news, U.S.-China relations, and human rights issues. Flora primarily contributes to NTD's "China in Focus."  

Flora Hua

“We Gotta Go!”: Reporters, Chinese Security in Standoff

500 Tons of Supplies Flown to China With Trump

Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the Biden administration. Prior to this role, she covered the economic policies of the Trump administration. Previously, she worked in the financial sector as an investment banker at JPMorgan. She graduated with a master’s degree in business administration from Georgetown University.

Emel Akan

Vivian Li is a producer and reporter based at NTD’s global headquarters in New York City. With more than a decade of experience as a reporter and anchor for NTD’s Chinese-language division, she now primarily contributes to NTD’s English-language program China in Focus.

Vivian Li

China News

Xi Strikes Aggressive Tone on Taiwan as US Signals No Change in Policy

What to Expect From the Trump-Xi Summit

State Shield CEO Unpacks How US States Are Combating the CCP

Trump Says He Does Not Need Xi's Help With Iran

Nicholas Zifcak is an Epoch Times reporter.

Nicholas Zifcak

US News

Courts

Jury Deliberations Started in Case of NYC Chinese Police Outpost Operator

China in Focus Full Broadcast (May 14)

China in Focus Full Broadcast (May 13)

China in Focus Full Broadcast (May 12)

China in Focus Full Broadcast (May 11)

China in Focus Full Broadcast (May 8)

China in Focus Full Broadcast (May 7)

China in Focus Full Broadcast (May 6)

China in Focus Full Broadcast (May 5)

China in Focus Full Broadcast (May 4)

China in Focus Full Broadcast (May 1)

China Sends Warships to Pacific Drill as Tensions With Japan Rise

Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages.

Reuters

We present news that is truthful and based on facts, outside of the political fog. Instead of focusing on the negative things happening around us, our mission is to give our viewers a good morning with empathetic and uplifting stories. Our aim is to provide an antidote to negativity by shining a light on the best side of people. We speak to inspiring people who positively impact communities, pursue topics that represent our common human values, and will never miss an opportunity to bring you heartwarming stories.

NTD Good Morning

2 US Embassy Personnel Assigned to Cartel Case Killed in Car Accident

The Associated Press is an American not-for-profit news agency headquartered in New York City. 

The Associated Press

Gunman Kills 8 Children, Including 7 of His Own, in Louisiana Mass Shooting

Trump: Seized Iranian Ship May Have ‘A Gift From China’

Joseph Lord is a congressional reporter for The Epoch Times.


Joseph Lord

Aldgra Fredly is a freelance writer covering U.S. and Asia Pacific news for The Epoch Times.

Aldgra Fredly

Former NYC Mayor Rudy Giuliani Hospitalized in Critical Condition: Spokesman

Wildfires Across Georgia and Florida Have Destroyed Nearly 50 Homes and Are Forcing Evacuations

News you can trust from the U.S. and around the world. Critical information and insight. We cover the stories that others don’t. NTD News Today airs Monday–Friday at 11 a.m. ET.

NTD News Today

US Warns of China Hacks via Routers, Smart Devices

Juliet Song is an international correspondent exclusively covering China news for NTD. She primarily contributes to NTD's "China in Focus," covering U.S.-China relations, the Chinese regime's human rights abuses, and domestic unrest inside China.

Juliet Song

2 Americans Among Suspected Communist Rebels Killed in Clashes With Troops, Philippine Officials Say

Ryan Morgan is a reporter for The Epoch Times focusing on military and foreign affairs. He was previously a news writer for NTD. 


Ryan Morgan

Mari Otsu is NTD's White House correspondent based in Washington. 

Mari Otsu

World News

Middle East

Iran

3 US Warships Fend Off Iranian Attacks, Trump Says Ceasefire Still Holds

Health News

3 Dead in Suspected Hantavirus Outbreak on Cruise Ship in Atlantic Ocean: WHO

Videos

NTD Live

NYC Firm Hosts Book Party on Investing in Critical Minerals Beyond Beijing’s Reach

'Mineral War' Author on China's Rise, Global Response

China’s Long Arm on American Soil

Special Reports

Global Trade Under the Shadow of the 1989 Tiananmen Massacre

How Americans View China and Chinese ‘Elections’: Special Report

Countering Communism in US With Memorial for Its Victims

US Funding Chinese Communist Party Economic Growth: Experts

China's Artistic Censorship Aimed at Americans: Browde

Taiwan 2024 Special Election Coverage: China in Focus

Expert: Why Social Media Apps Are 'Legal Malware'

A veteran investor says China's banking sector is in free fall and the downward spiral could wipe out $4 trillion or more from the Chinese economy.

Kyle Bass is the Chief information officer at the Hayman Capital hedge fund.

He says China's once booming real estate sector is collapsing. Major developers like Evergrande and Country Garden are buried under debt. While a former Beijing official said China now has enough empty homes to house three billion people.

Mr. Bass also touched on the country's local property market. It's financially backed by local governments under China's communist regime. That $13 trillion market is also grappling with heavy debt and defaults. Mr. Bass says "We don't even know where the bottom of that market is."

For comparison, U.S. banks lost about $700 billion during the Great Financial Crisis in 2008.

Latest

Programs

china

04_Top Stories

Latest Clips

Chinese economy

Latest and breaking news, documentaries, movies, and lifestyle content on NTD+.
 
Empower your knowledge and elevate your spirit with NTD+, your go-to destination for truthful news, insightful documentaries, and captivating lifestyle content that enriches your life.