Results for China
- Chinese Banks Sweat as Liquidity Crunch Looms
A new specter is haunting China’s financial system: the negotiable certificate of deposit. An explosion in banks’ use of the bondlike loans, whose durations range from a month to a year, is testing Beijing’s resolve to cure the economy of its addiction t ...
Daily Headline - global.abi.org - 03/23/2017 - 22:40 - 0 comments
- China Medical Technologies Executives Charged in U.S. Fraud Case
The founder and a former executive of China Medical Technologies Inc. were charged in the U.S. with stealing more than $400 million from investors in the bankrupt maker of medical diagnostic tests as part of a seven-year scheme, Bloomberg News reported. ...
Daily Headline - global.abi.org - 03/22/2017 - 08:51 - 0 comments
- Chinese Growth Prospects Improved, Policy Still Prudent
Chinese central bank governor Zhou Xiaochuan said growth prospects have improved in the world's second-largest economy, but its monetary policy remains prudent and neutral, the International New York Times reported on a Reuters story. Earlier th ...
Daily Headline - global.abi.org - 03/19/2017 - 22:47 - 0 comments
- China Treads Closer to a Day of Debt Reckoning
The People’s Bank of China (PBoC) lifted borrowing costs in step with the Fed overnight, the Financial Times reported. But the real question is: can China’s economy handle this sort of tightening at this stage in its cycle? Diana Choyleva of Enodo Ec ...
Daily Headline - global.abi.org - 03/16/2017 - 20:43 - 0 comments
- China Schools Investors on Two-Tier Leadership Structure
Investors trying to make sense of China’s National People’s Congress last week and its relation to the more important 19th Party Congress to be held later this year should familiarize themselves with an old saying: “The mountains are high and the emperor ...
Daily Headline - global.abi.org - 03/15/2017 - 20:36 - 0 comments
- Chinese Leaders Back Bankruptcies for Unwanted Zombie Companies
China is getting serious about dealing with so-called zombie companies through court-led bankruptcies as it seeks to cut overcapacity in industries and boost economic growth, Bloomberg News reported. The country’s Chief Justice Zhou Qiang said at the Nat ...
Daily Headline - global.abi.org - 03/13/2017 - 22:06 - 0 comments
- Central Banker: China’s Debt ‘Too High,’ Must Be Controlled
China’s central bank governor said Friday the country needs to get soaring corporate debt under control but its economy and currency are stable and the decline in its foreign exchange reserves is no cause for concern, The Washington Post reported. Zh ...
Daily Headline - global.abi.org - 03/12/2017 - 20:24 - 0 comments
- Capital Controls The Talk Of China Parliamentarians
Li Keqiang’s annual, 42-page “work report” to China’s parliament is packed with obscure details on matters such as mobile roaming and urban utility tunnels. But one of China’s biggest policy initiatives of 2016 — the reimposition of capital controls — we ...
Daily Headline - global.abi.org - 03/09/2017 - 20:57 - 0 comments
- China’s Newest Economic Data Don’t Add Up
For the second day running, China data have economists scratching their heads. Tuesday came a surprise increase in foreign-exchange reserves. Wednesday, it was an unexpected trade deficit—China’s first in three years—which made the rise in Beijing’s curr ...
Daily Headline - global.abi.org - 03/08/2017 - 22:58 - 0 comments
- Global Investors Return to China’s Bad Debt Market
Global investors are returning to China’s swelling market for bad debt after several years of watching from the sidelines, the Financial Times reported. Private equity funds Lone Star and PAG over the past few months have started buying non-performin ...
Daily Headline - global.abi.org - 03/08/2017 - 23:08 - 0 comments