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Zombie Factories Stalk the Sputtering Chinese Economy

To protect jobs and plants, the Chinese government and its state-owned banks sometimes keep money-losing businesses on life support by rolling over or restructuring loans, providing fresh credit or offering other aid. While this may seem like an odd busi ...

Daily Headline - global.abi.org - 08/30/2015 - 16:51 - 0 comments

Consumer Anxiety in China Undermines Government’s Economic Plans

In recent days, an advice column has circulated widely on China’s most popular social media phone app. Titled “Guide on Safe Passage Through the Economic Crisis,” it is aimed at young Chinese urban professionals, the International New York Times repo ...

Daily Headline - global.abi.org - 08/30/2015 - 16:52 - 0 comments

Market Turmoil Seen Spurring China Property Purchases Overseas

Signs are emerging that Chinese property investments abroad will maintain their torrid pace despite the market turmoil, as wealthy individuals and well-heeled companies seek to shelter their money in more stable havens abroad. In Australia, where China e ...

Daily Headline - global.abi.org - 08/27/2015 - 21:38 - 0 comments

As Stocks Fall, China’s Big Spenders Pull Back

Boom times for luxury in China are largely over, after the recent stock market rout and currency devaluation, compounded by an already slowing economy and a government crackdown on lavish gift-giving, the International New York Times reported. The ef ...

Daily Headline - global.abi.org - 08/26/2015 - 20:38 - 0 comments

China Again Cuts Interest Rates as Concerns Mount Over Economy

China’s central bank on Tuesday cut its benchmark interest rate and freed banks to lend more, the latest signs of the government’s growing distress over slumping stocks and slowing economic growth, the International New York Times reported. The centr ...

Daily Headline - global.abi.org - 08/25/2015 - 21:32 - 0 comments

Questions Over Li Keqiang’s Future Amid China Market Turmoil

The China-led turmoil that has rocked global markets in the past two weeks has also shaken the ruling Communist party and left Li Keqiang, the prime minister, fighting for his political future, according to analysts and people familiar with the internal ...

Daily Headline - global.abi.org - 08/25/2015 - 21:34 - 0 comments

Beijing Capitulates After Spending $200 Billion To Prop Up Equities

After spending about $200bn buying shares to prop up falling equity prices over the past seven weeks, Beijing capitulated to market forces on Monday by choosing not to intervene as the benchmark Shanghai Composite Index fell 8.5 per cent, the Financial ...

Daily Headline - global.abi.org - 08/24/2015 - 21:41 - 0 comments

China Poised to Raise Banks’ Liquidity to Boost Lending

The People’s Bank of China is preparing to flood the banking system with liquidity to boost lending, according to officials and advisers to the central bank, as its recent currency moves are squeezing yuan funds out of the market and renewing concerns ov ...

Daily Headline - global.abi.org - 08/23/2015 - 17:32 - 0 comments

China's Anbang In Talks To Buy Portugal's Novo Banco

The Bank of Portugal is in exclusive talks with China's Anbang Insurance Group Co on the sale of state-rescued Novo Banco, leaving two other bidders on the sidelines, sources said. Two sources close to the bidding process told Reuters China's F ...

Daily Headline - global.abi.org - 08/20/2015 - 18:40 - 0 comments

Chinese Stocks Go on Wild Ride as Economic Gloom Deepens

Chinese stock markets took a wild ride on Wednesday, tumbling and soaring in a session that made little sense other than to highlight that investors have almost no faith in a month-long government effort to stabilize them, the International New York Ti ...

Daily Headline - global.abi.org - 08/19/2015 - 22:27 - 0 comments

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