Results for China
- China Capital Curbs Reflect Buyer’s Remorse Over Market Reforms
Last year the reformist head of China’s central bank convinced his Communist party bosses to give market forces a bigger say in setting the renminbi’s daily “reference rate” against the US dollar, the Financial Times reported. In return, Zhou Xiaochu ...
Daily Headline - global.abi.org - 11/30/2016 - 21:30 - 0 comments
- The Buying Spree Behind Beijing’s Crackdown
The days when a Chinese iron ore miner could buy a UK video game developer are drawing to a close as Beijing tightens up on cross-border investment by its companies, the Financial Times reported. Investment banks in Asia have worked overtime this yea ...
Daily Headline - global.abi.org - 11/29/2016 - 21:47 - 0 comments
- China’s New Tool for Social Control: A Credit Rating for Everything
Hangzhou’s local government is piloting a “social credit” system the Communist Party has said it wants to roll out nationwide by 2020, a digital reboot of the methods of social control the regime uses to avert threats to its legitimacy, The Wall Street ...
Daily Headline - global.abi.org - 11/28/2016 - 22:32 - 0 comments
- Chinese City Bans Property Developers From Borrowing To Buy Land
Officials in one of China’s hottest property markets have banned developers from borrowing money to buy land, as local governments embrace increasingly drastic measures to curb soaring home prices, the Financial Times reported. Prices of new resident ...
Daily Headline - global.abi.org - 11/17/2016 - 21:39 - 0 comments
- China: State of Grace
In its never-ending quest to rein in profligate local officials, China this week ordered its indebted cities and provinces to draw up detailed repayment plans. But for these rules to work, the central government must prove that it is willing to let the m ...
Daily Headline - global.abi.org - 11/17/2016 - 21:40 - 0 comments
- Chinese Suitor for English Soccer Club in ‘Major Restructuring’
The Chinese company that’s said to be in exclusive discussions to acquire English Premier League soccer team Southampton for as much as 200 million pounds ($248.8 million) has requested a halt to trading in its shares for a further month pending the conc ...
Daily Headline - global.abi.org - 11/16/2016 - 23:25 - 0 comments
- China Ousts Finance Minister as Xi Jinping Turns to Allies
China removed its high-profile, reformist finance minister from the post in a shuffle that comes as President Xi Jinping positions trusted allies in key roles and Beijing prioritizes short-term growth over major overhauls, The Wall Street Journal rep ...
Daily Headline - global.abi.org - 11/07/2016 - 22:19 - 0 comments
- Guangxi Nonferrous' Creditors Veto Insolvency Plan
Creditors of Guangxi Nonferrous Metals Group have vetoed an insolvency plan in a case that shows the obstacles that state-owned enterprises (SOEs) face as they try to complete the bankruptcy process, Caixin Online reported. In the plan, the firm's b ...
Daily Headline - global.abi.org - 11/02/2016 - 21:58 - 0 comments
- Asset Bubbles From Stocks to Bonds to Iron Ore Threaten China
A succession of asset bubbles has formed in China, caused by a torrent of speculative money sloshing from stocks to bonds to commodities, The Wall Street Journal reported. The biggest apparent bubble is in housing, but prices have surged for niche as ...
Daily Headline - global.abi.org - 11/01/2016 - 20:49 - 0 comments
- China Gets Desperate About Debt
With its debts surging and growth sluggish, China has hit on a new strategy to revitalize its ailing economy. It’s the same as the old strategy. Only this time, it won’t work, Bloomberg News reported. Earlier this month, China’s State Council released gu ...
Daily Headline - global.abi.org - 10/26/2016 - 21:14 - 0 comments