Results for China
- Chinese Property Developer Kaisa Defaults on Debt
The troubled Chinese property developer, Kaisa Group, defaulted on its overseas debt, a situation that could make Western investors more wary of the country’s real estate market, the International New York Times DealBook blog reported. Once a darling ...
Daily Headline - global.abi.org - 04/20/2015 - 21:49 - 0 comments
- China Frees Up $200 Billion for Lending
Chinese policy makers are dealing with a financial conundrum. Overall economic growth is slipping, which argues for looser monetary policy. But the risk is that any new money is diverted to the country’s frothy stock markets, the International New York ...
Daily Headline - global.abi.org - 04/19/2015 - 19:36 - 0 comments
- China Growth Slows To 6-Year Low As Stimulus Fails To Find Traction
Chinese economic expansion cooled to 7 per cent in the first quarter of this year, a figure that exceeded forecasts for a decline below the crucial 7 per cent threshold, but adding to fears that the world’s second biggest economy is facing difficulties, ...
Daily Headline - global.abi.org - 04/15/2015 - 23:10 - 0 comments
- Chairman Returns to Kaisa Group, Troubled Chinese Developer
Just months after resigning, the former head of the embattled Chinese property developer, the Kaisa Group, returned unexpectedly to the helm, raising doubts about whether the company’s rescue by a rival will move forward, the International New York Tim ...
Daily Headline - global.abi.org - 04/13/2015 - 22:25 - 0 comments
- 50 Billion Yuan Chinese Investment Guarantee Company Near Default
Hebei Financing Investment Guarantee Group, the country’s second largest financing guarantee company has lost its ability to guarantee nearly 50 billion yuan worth of loans, signalling the spread of risk in the country’s financial system, The Australia ...
Daily Headline - global.abi.org - 04/12/2015 - 22:14 - 0 comments
- New China-Led Bank Pledges to Fend Off Graft
China’s new development bank will strive to be corruption free, maintain environmentally sound policies and work with a streamlined bureaucracy, the interim head of the institution, Jin Liqun, said on Saturday, the International New York Times report ...
Daily Headline - global.abi.org - 04/12/2015 - 22:16 - 0 comments
- China’s Cloud Live Defaults on Local Debt
A onetime restaurant chain that became the first Chinese company to default on the principal on its local debt could be a test of Beijing’s willingness to give market forces a greater role in the economy, The Wall Street Journal reported. In a statem ...
Daily Headline - global.abi.org - 04/07/2015 - 22:12 - 0 comments
- Stampede to Join China’s Development Bank Stuns Even Its Founder
The sudden rush to join China’s new Asian development bank by this week’s deadline, including last-minute applications by countries hardly considered Beijing’s best friends, astonished even the Chinese, the International New York Times reported. Few ...
Daily Headline - global.abi.org - 04/02/2015 - 23:17 - 0 comments
- China Introducing Program to Insure Bank Deposits
China will introduce on May 1 a program to insure bank deposits, the government said on Tuesday, ushering in an overhaul seen as vital for freeing up the highly protected banking sector, the International New York Times reported. Deposits of up to 50 ...
Daily Headline - global.abi.org - 03/31/2015 - 19:18 - 0 comments
- China Acts to Stem Slide in Home Prices
China on Monday courted home buyers with a bigger tax break as it cut down-payment requirements for the second time in six months, stepping up a fight against sliding house prices that is imperiling the Chinese economy, the International New York Times ...
Daily Headline - global.abi.org - 03/30/2015 - 21:08 - 0 comments