China raids cost Packer half a billion dollars

Monday's Crown share price plunge has cut billionaire James Packer's paper wealth by about half a billion dollars.

Government raids on Crown Resorts' offices in China have sent the company's share price plummeting on Monday, cutting billionaire James Packer's paper wealth by about half a billion dollars.

Chinese government picks a fight with Packer

Major shareholder James Packer said he was 'deeply concerned' about the detentions of Crown staff.

The Chinese Government appears to be looking for a showdown with Australian billionaire James Packer. His gaming empire, Crown Resorts, is reeling in response to the massive raids on its Chinese operations and the detention of 18 staff.

China exports fall more than expected, imports shrink

The September import reversal raised questions over the strength of the recent recovery in domestic demand, Julian ...

​China's September exports fell 10 per cent from a year earlier, far worse than expected, while imports unexpectedly shrank 1.9 per cent after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived.

Fear that China debt bubble will burst

The IMF has been calling out its concerns about China's debt levels for months.

Forget the US or Europe, because China is shaping up as the favourite to fall victim to a major banking crisis, according to a dire and frightening warning from the Bank for International Settlements.

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