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Developers Offer Hefty Discounts In Strained China Homes Market

In the latest sign of Chinese developers’ desperation to unload inventory into a weak property market, China Vanke Co is offering discounts of up to $325,000 to homebuyers who shop on Alibaba’s Taobao, an e-commerce platform, the Financial Times repo ...

Daily Headline - global.abi.org - 08/27/2014 - 21:25 - 0 comments

Property Bubble Is ‘Major Risk To China’

On desolate salt flats on the far outskirts of China’s sixth-largest city, dozens of enormous half-built skyscrapers stand as a monument to the excess and optimism of the Chinese real estate market, the Financial Times reported. As physical manifesta ...

Daily Headline - global.abi.org - 08/25/2014 - 21:58 - 0 comments

China Urges More Private Investment in Troubled Railways

Chinese Premier Li Keqiang urged the heavily scrutinised railway sector to seek more private investment and rely less on state support as a key plank of its reform, the government website said on Sunday, the International New York Times reported. Bei ...

Daily Headline - global.abi.org - 08/24/2014 - 18:43 - 0 comments

Bank of China Doubles Money for Bad Loans as Growth Slows

Bank of China Ltd. more than doubled its money set aside for bad loans as profit growth cooled to the slowest pace in five quarters on weakness in the economy, Bloomberg News reported. Provisions for potential soured debt climbed to 12.7 billion yuan ($2 ...

Daily Headline - global.abi.org - 08/19/2014 - 21:32 - 0 comments

China Seeks to Rein In Executive Pay at State-Controlled Companies

China said it will curb executive pay and perks at major state-controlled companies as part of an austerity program intended to curb government largess, The Wall Street Journal reported. The official Xinhua News Agency said Monday that President Xi J ...

Daily Headline - global.abi.org - 08/18/2014 - 21:07 - 0 comments

China Says Mercedes-Benz Violated Antitrust Rules in Pricing

Government investigators in China have found the Mercedes-Benz unit of Daimler, the German automaker, in violation of antitrust price rules, the Chinese state news media reported on Monday. The announcement was the latest in a spate of inquiries over pri ...

Daily Headline - global.abi.org - 08/18/2014 - 21:08 - 0 comments

China’s State-Owned Airlines Hit Turbulence

China’s state-owned airlines have had a turbulent year and are warning of first-half earnings to match when they report later this month, the Financial Times reported. With the bulk of their earnings in renminbi and fuel and aircraft costs denominate ...

Daily Headline - global.abi.org - 08/17/2014 - 20:12 - 0 comments

China Cracks Down on Money Leaking Out of Its Borders

China is trying to regain control of the cash flowing across its leaky borders and the effects will be felt around the world, The Wall Street Journal reported. Beijing technically bans its citizens from buying overseas properties and stocks, and limi ...

Daily Headline - global.abi.org - 08/14/2014 - 21:14 - 0 comments

Lending in China Slowed Drastically in July

Chinese lending unexpectedly and drastically slowed in July to the lowest level since the depths of the global financial crisis, as a weak property market appeared to drive down demand for new loans, despite recent moves to ease credit, the Internation ...

Daily Headline - global.abi.org - 08/13/2014 - 22:12 - 0 comments

Chinese Property Defaults Seen as Financing Stresses Mount

China’s slumping property market is fueling speculation the industry is set for a shakeout as small developers face difficulty raising funds to pay off debt, Bloomberg News reported yesterday. Yield premiums on Chinese real estate bonds denominated in do ...

Daily Headline - abi_admin - 08/11/2014 - 12:41 - 0 comments

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