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Unpaid Bills Add To China Debt Problems As Receivables Mount

Times have changed for Yu Xingzhi since China’s economic boom years. Despite the slowing economy, sales at Shanghai Caison Color Material Chemical are holding up. The trouble is, her customers — garment manufacturers and packaging producers buying her dy ...

Daily Headline - global.abi.org - 04/27/2016 - 22:26 - 0 comments

How China’s Debt Fix Could Make Things Much Worse

Instead of China fixing a corporate zombie problem threatening to overwhelm the world’s second largest economy, Beijing may be about to create a bigger one, The Wall Street Journal reported. That is the implicit warning in a new paper published by th ...

Daily Headline - global.abi.org - 04/26/2016 - 22:52 - 0 comments

China’s Debt-Shrinking Machine Loses Its Magical Power

One research firm, Gavekal Dragonomics, calls it “the magical debt-shrinking machine”. When the Chinese government first confronted a mountain of non-performing loans in the state-owned banking sector it came up with a seemingly ingenious solution, the ...

Daily Headline - global.abi.org - 04/25/2016 - 21:37 - 0 comments

Welcome to the China Debt, Shadow Banking, Wealth Management Product Nexus

Here's a growing list to further excite China bears this Thursday: Baoding Tianwei Group Co., China National Erzhong Group, Sinosteel Co., China Railway Materials Co. Ltd., Guangxi. These are the eight state-owned enterprises (SEOs) that have run in ...

Daily Headline - global.abi.org - 04/21/2016 - 21:57 - 0 comments

Cast in Concrete: China’s Problem With Excess

Just about the last thing China needs right now is another cement plant, The Wall Street Journal reported. Unused stocks have been piling up since the massively overbuilt real-estate market cratered in 2014. Demand will likely never fully recover; ci ...

Daily Headline - global.abi.org - 04/19/2016 - 21:28 - 0 comments

As China’s Growth Slows, Banks Feel the Strain of Bad Debt

For Chinese banks, the decision to lend to companies like Bohai Steel was for years a no-brainer. Lenders took heart from its state backing, which appeared as solid as the millions of tons of steel pipes that rolled off its production lines each year, th ...

Daily Headline - global.abi.org - 04/17/2016 - 18:11 - 0 comments

China Makes Plans for 1.8 Million Workers Facing Unemployment

China etched in details of plans to help workers laid off from the bloated coal and steel industries, saying assistance would include career counseling, early retirement and help in starting businesses, among other measures, The Wall Street Journal r ...

Daily Headline - global.abi.org - 04/17/2016 - 18:11 - 0 comments

China and India Have Different Answers for Their Debt Messes

China and India are both grappling with escalating bad debt challenges lurking in their banking systems. Yet the two Asian economic giants are embracing markedly different strategies to clean up the mess, Bloomberg News reported. Impaired loans have reac ...

Daily Headline - global.abi.org - 04/13/2016 - 21:22 - 0 comments

China Railway Materials Seeks Debt Restructuring Amid Bond Halt

China Railway Materials Co., a government-backed company that halted trading of its bonds earlier in the week, said Wednesday it’s seeking to restructure its debt, Bloomberg News reported. The supplier of steel and cement for railways held a meeting with ...

Daily Headline - global.abi.org - 04/13/2016 - 21:24 - 0 comments

China’s New Security Challenge: Angry Mom-and-Pop Investors

Small investors, angry over lost savings, are emerging as a new security threat to Chinese authorities, who are watching warily as investors around the country hit the streets in protest and picket government offices to demand their money back, The Wal ...

Daily Headline - global.abi.org - 04/12/2016 - 20:40 - 0 comments

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