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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

China Central Bank Governor Warns of Deflation Risk

Zhou Xiaochuan, China’s central bank governor, warned on Sunday that the country needed to be vigilant about signs of deflation and said policy makers were closely watching the slowing of global economic growth and declines in commodity prices, the Int ...

Daily Headline - global.abi.org - 03/29/2015 - 21:54 - 0 comments

China Central Bank Calls for More Loans to Farms

percent last year, 0.7 percentage point higher than the rise in overall loans, it said. Farm loans made by ...

Daily Headline - global.abi.org - 03/25/2015 - 22:30 - 0 comments

Sunac’s Chairman Sun Says Kaisa Debt Proposal ‘Reasonable’

Sunac China Holdings Ltd. Chairman Sun Hongbin defended Kaisa Group Holdings Ltd.’s debt-restructuring proposal, saying it’s “reasonable” and that his company may seek other opportunities if its planned acquisition fails. Sunac won’t let the purchase of ...

Daily Headline - global.abi.org - 03/24/2015 - 20:27 - 0 comments

China Internet Company Yielding 18% Shows Default Risks Brewing

Bonds of 11 Chinese companies now yield more than 15 percent as investors brace for the nation’s second onshore default amid record maturities in the coming quarter, Bloomberg News reported. Companies in Asia’s largest economy need to repay 1.5 trillion ...

Daily Headline - global.abi.org - 03/23/2015 - 20:37 - 0 comments

EU Official Says Neglect Pushed China to Set Up Development Bank

The U.S. and Europe are to blame for China’s formation of its own development bank after the Asian power was neglected in the structures of existing international banks, a top European Union official said Saturday, The Wall Street Journal reported. “ ...

Daily Headline - global.abi.org - 03/22/2015 - 22:01 - 0 comments

Chinese Developer Evergrande Gets $16 Billion Lifeline Amid Slump

Chinese banks have extended $16 billion in credit lines to shore up one of the country’s largest and most heavily indebted home builders, as pressure mounts on developers short of cash in a slumping property market, the International New York Times D ...

Daily Headline - global.abi.org - 03/17/2015 - 20:48 - 0 comments

China Signals Fresh Moves for Economy

China is signaling more measures are in the works to regain economic momentum and overcome weak demand from businesses and consumers, The Wall Street Journal reported. Policies unveiled at the annual session of China’s legislature this month called f ...

Daily Headline - global.abi.org - 03/15/2015 - 21:21 - 0 comments

Local-Government Debt In China: Swapping Spree

Ever since China’s gargantuan stimulus of 2009, which was unleashed to repel the global financial crisis, people have worried about how the debts incurred would be repaid. This week the finance ministry provided a partial answer, in the form of a scheme ...

Daily Headline - global.abi.org - 03/12/2015 - 22:51 - 0 comments

Renminbi Settles Into Reverse Gear

In a world convulsed by the rising US dollar, the renminbi looks like a port in the storm, the Financial Times reported. The Chinese currency has slipped just under 1 per cent against the dollar this year, a mere rounding error compared with the Braz ...

Daily Headline - global.abi.org - 03/11/2015 - 22:25 - 0 comments

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