China’s ‘three red lines’ strike delicate balance between curbing real estate debt and local government finances

As China moves to tackle excessive borrowing in the real estate sector, it is walking a tightrope between providing cash-strapped local governments with revenues from land sales and keeping a lid on rising house prices.

Chinese regulators in August tightened funding conditions for 12 major property developers, setting caps on the amount of debt they could hold in relation to cash on hand, the value of their assets and as a proportion of equity in their businesses – dubbed “the three red lines”.

Last week, mainland financial newspaper the 21st Century Business Herald reported authorities had asked large banks to keep the proportion of property loans below 30 per cent of all new loans, citing unidentified sources.

Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.

Property sales growth has surged this year, helping the economy recover from the coronavirus pandemic.

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Trump Tweet Criticizing Americans for Not Paying Taxes, Despite ‘Crippling’ Government Debt, Resurfaces

An old Donald Trump tweet criticizing Americans who “don’t pay income tax” resurfaced late on Sunday after The New York Times released a report that revealed he did not pay income taxes for roughly half of the past two decades.



Donald Trump wearing a suit and tie: President Donald Trump speaks outside the White House on September 28 in Washington, D.C.


© Tasos Katopodis/Getty
President Donald Trump speaks outside the White House on September 28 in Washington, D.C.

“HALF of Americans don’t pay income tax despite crippling govt debt,” Trump wrote on Twitter in February 2012, four years before he was elected president. His tweet’s caption mirrors the headline of a Daily Mail article published one day before, which appears as a link in the social media post. The U.K.-based newspaper’s report relies on a graphic originally created by the Heritage Foundation, a conservative think tank based in Washington, D.C.

Trump Calls New York Times Report Of Him Paying Just $750 In Taxes ‘Fake News’

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Air New Zealand Begins Drawing Down Government Debt Facility, Flags Future Capital Raising | Investing News

SYDNEY (Reuters) – Air New Zealand Ltd

said on Friday it had begun to draw down on a NZ$900 million ($589.95 million) government debt facility that would give it time to review its capital structure and complete a capital raising by June 2021.

The airline said the New Zealand government had reaffirmed its commitment to maintaining a majority shareholding and its board was in constructive talks with the government about its capital structure and funding.

New Zealand is due to hold a national election on Oct. 17, with polls showing incumbent Prime Minister Jacinda Ardern is on track to win.

The airline had last month said it would need to draw down on the government loan to help it weather the severe loss in revenue during the coronavirus pandemic after it reported its first annual loss in nearly two decades.

Along with interest rates of 7-9%, the loan gives the

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Do Criminals Ever Pay Their Complete Debt to Society?

With a third Trump Supreme Court nominee, leftist ‘peaceful protesters’ are kicking up their heels. Given the gargantuan number of crimes that have occurred in Seattle, Portland, Los Angeles, Phoenix, Minneapolis, Kenosha, Chicago, Milwaukee, Miami, New York, Atlanta, Louisville, and scores of other cities, maybe the criminals, rioters, looters, ‘peaceful protesters,’ Marxists, and outright thugs find strength in numbers.

As long as they commit a series of crimes en masse, then perhaps the police, state troopers, National Guard, FBI, Department of Justice, and all other agencies and organizations involved in maintaining law and order will not be able to keep up. Maybe they will not be able to identify all of the perpetrators, round them up, charge them accordingly, build an effective case, and prosecute them.

Identified and Processed

Whether or not this is true remains to be seen. With the widespread availability of cell phones, surveillance cameras, and other

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Government Debt Elimination – Advantages and Disadvantages of Government Bailout Programs

Government debt elimination seems the most suitable option for people who are tired of pending bills. However, do you know that you should measure the advantages as well as disadvantages of this option? You are making a mistake if you are only looking at the brighter side. Have a glance at the negative factors as well. At the moment, you cannot pay your actual bills because of financial complications. You have to pay according to your financial scalability. What are the pros and cons of government debt elimination? Let’s look at the details explained in the following points.

Advantages of government debt bailout programs

The following can be termed as the pros of government debt elimination

1. This method not only reduces your credit card bills but reduces them legitimately. There are no illegitimate factors attached with the debt settlement procedure.

2. You can forget about the sum that has … Read More

Government Grants For Debt Relief – Apply For Free Grants Online To Pay Various Debts

Financially burdened people or families with low-income levels often face a shortage of funds and remain in heavy debts that prevents them from maintaining minimum standards of living. Also, affording the expenses of everyday life seems overwhelming especially with credit collectors persistently asking for payments.

To offer financial assistance the U.S. government offers federal debt relief grants that pull out families from their economic crisis and helps them compensate their debts and overdue bills. Get your federal debt relief grants now.

Debt Relief Grants for Medical Bills

Medical needs are indispensable for all but the expenses can be beyond the reach of low-income families. Paying for exorbitant hospital bills or medicine, doctor visits, and lab test bills can be intimidating for monetarily crunched families which can lead to debts or fund shortage. Federal debt relief grants are disbursed to help needy families overcome their debts and meet their medical needs. … Read More

How Government Student Loan Debt Forgiveness Programs Create Huge Tax Debt

Those breathing a sigh of relief that their student loan debt is now in line with their income may want to re-evaluate the guidelines that set the income based payment in the first place. There could be a tax time bomb looming, slowly ticking away. And with America’s focus on student loan debt and job security, defusing it is not a big part of the policy discussion in Washington at the moment… but we have been keeping a watchful eye and our projections might shock you…

Should You Have to Pay Taxes on Forgiven Student Loan Debt?

If you’re enrolled in the income-based repayment program, should you have to pay income taxes on the loan balance that the government dismisses?

This potential tax bill is a byproduct of federal efforts, including the newly expanded income-based repayment program, that allow you to limit the monthly payments on most federal loans to … Read More

Government Debt Relief Grants to Make Your Life Easier

Indebtedness or financial obligations are at the root of all troubles of many individuals across America, leading to crises in their life and depriving them of exercising the most of the significant necessities. Most of the individuals cannot access to the higher education, cannot pay medical bills, cannot pay mortgage bills, suffer credit card debt loans and conversely, elderly persons find themselves at risk for not being able to pay their bills. The single mothers are not too far from experiencing the same situations due to insufficient cash at hand. And as a result, life seems tough for them and they are at the risk of losing their important assets and even their homes, owing to a series of debt crises. However, amidst the crises, there is a silver lining for these needy individuals who badly need the financial assistance. And this assistance comes in the form of Obama Debt … Read More

What Is Your Share of Government Debt?

It’s that time of year where we review the impact of government debt on individual tax payers. It is important to remember who is on the hook for government’s reckless spending binges.

Whenever we hear politicians make campaign promises, they sound like they are spending their money. But government doesn’t have any money, so the only way they can implement their expensive ideas, is to tax their citizens and companies, as that is their only source of revenue.

What is really troubling is that when the US government (and most others) planned their budget for the current fiscal year, they budget to spend more than they knew they will receive in tax revenue. In fact since 1970, the US has only balanced their budget four times. France has not had a balanced budget since 1974.

When governments overspend, they need to fund those deficits by issuing bonds. As the debt … Read More

Using Government Grants For Debt Relief

When looking to pay off credit card debt, one of the most overlooked options many people have are government grants. Many people do not look into these grants because they simply do not know about them. However, the government sets aside billions each year just for this purpose, to give them away. If you are one of the millions of people who are suffering from credit card debt, you definitely want to consider applying for a grant from the government.

Government grants are available, the key is finding them. If you are looking for debt relief, you should understand that there are ways to get out of this debt and it is up to you to seek the help you need and deserve. We all get into trouble now and then with our financial situation, however, if the help is available, why not take advantage of it.

Why do these … Read More