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Outflows From China Top $110 Billion In January

Chinese companies and residents sent more than $110bn out of the country in January alone, according to new estimates, as they continued to evade tightening capital controls amid another round of market turmoil, the Financial Times reported. Surging ...

Daily Headline - global.abi.org - 02/10/2016 - 20:07 - 0 comments

Ponzi Scheme in China Gained Credibility From State Media

At every turn in his improbably rapid rise, Ding Ning, 34, went to great efforts to convey the image of strong government backing for his Internet financing business, the International New York Times DealBook blog reported. But it all came crashing d ...

Daily Headline - global.abi.org - 02/07/2016 - 19:45 - 0 comments

Bahamas Mega-Resort Stands Empty, Casualty of Dispute With Chinese Partners

The uncertain future of Baha Mar, a $3.5 billion mega-resort nearing completion on Nassau’s white-sand Cable Beach, points to the challenges China faces as it finances and builds large-scale construction projects overseas amid language and cultural barri ...

Daily Headline - global.abi.org - 02/02/2016 - 21:12 - 0 comments

Online Lender Ezubao Took $7.6 Billion in Ponzi Scheme, China Says

A Chinese online finance company bilked investors out of more than $7.6 billion, spent lavishly on gifts and salaries and buried the evidence, according to local authorities who described the operation as an enormous Ponzi scheme, the International New ...

Daily Headline - global.abi.org - 02/01/2016 - 20:10 - 0 comments

China's Fraud Paper Trail Shows Flaws in Booming Funding System

doubled in size in the past two years, also has other pitfalls: Because some 80 percent of transactions ...

Daily Headline - global.abi.org - 01/28/2016 - 21:09 - 0 comments

China Sharpens Efforts to Halt Money Outflow

China is ramping up efforts to halt a flood of money leaving the country in response to an economic slowdown, moves that risk undermining Beijing’s ambition to elevate the yuan’s profile on the world stage, The Wall Street Journal reported. Its lates ...

Daily Headline - global.abi.org - 01/27/2016 - 20:46 - 0 comments

Corporate Credit Shock Beckons For China

Default risks for a pile of $15tn in Chinese corporate debt are rising to their highest levels since the 2008 financial crisis as sluggish demand, weak pricing and high leverage sap the dynamism of the country’s most powerful companies, the Financial T ...

Daily Headline - global.abi.org - 01/26/2016 - 22:31 - 0 comments

Capital Controls May Be China’s Only Real Option

Chinese officials readily admit that communication has not been their strong point when it comes to dealing with international investors, the Financial Times reported in a commentary. The question of how China manages the renminbi is critical for glo ...

Daily Headline - global.abi.org - 01/25/2016 - 21:42 - 0 comments

China Shares Slip As Oil Slides, Outweighing Stimulus Hopes

China's volatile stock markets fell more than 1 percent on Wednesday, though mounting chatter about imminent policy stimulus provided some support against the backdrop of a fresh slide in oil prices, which hit stock markets across the globe, Reuters ...

Daily Headline - global.abi.org - 01/20/2016 - 22:04 - 0 comments

China Is Getting Less and Less Bang for Its Credit Buck

Behind the numbers showing China’s continued slowdown at the end of last year lies a warning for Communist Party leaders who have been equally determined to embrace economic change and to ensure a rapid pace of growth, Bloomberg News reported. The flashi ...

Daily Headline - global.abi.org - 01/19/2016 - 19:30 - 0 comments

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