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S&P Cuts China’s Credit Rating, Citing Risk From Debt Growth

S&P Global Ratings cut China’s sovereign credit rating for the first time since 1999, citing the risks from soaring debt, and revised its outlook to stable from negative, Bloomberg News reported. The sovereign rating was cut by one step, to A+ from A ...

Daily Headline - global.abi.org - 09/21/2017 - 22:23 - 0 comments

As China's Bond Market Opens, Global Funds See Watershed Moment

Deng Xiaoping, the former Communist leader credited with opening China’s economy to the world, described his approach to reforms as “crossing the river by feeling the stones.” That philosophy continues to influence policy makers in Beijing as they gradua ...

Daily Headline - global.abi.org - 09/17/2017 - 23:13 - 0 comments

Volkswagen Recalls Vehicles in China Over Faulty Airbags

Volkswagen will recall 4.86m vehicles sold in China over airbag problems, marking the latest blow for the German carmaker that has suffered numerous quality and distribution issues in the Asian country this year. VW will recall vehicles equipped with air ...

Daily Headline - global.abi.org - 09/14/2017 - 23:41 - 0 comments

China issues announcement to ban fundraising through token offerings

On 4 September 2017 seven Chinese government agencies (namely the People’s Bank of China, the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking R ...

Resource Article - twallace@abiwor... - 09/13/2017 - 10:20 - 0 comments - 0 attachments

China's LinkGlobal Could Enter Bidding for Air Berlin

Insolvent German airline Air Berlin has attracted buyer interest from China’s LinkGlobal Logistics, which is likely to join a growing list of suitors, German newspaper Bild said on Wednesday. The paper said LinkGlobal, which operates German regional airp ...

Daily Headline - global.abi.org - 09/13/2017 - 17:34 - 0 comments

These Are China's Shadow-Lending Hotspots

The highest concentration of shadow loans in China is to be found in its slowest-growing province, a study by UBS Group AG shows. The value of shadow loans extended by regional banks in Liaoning, in the northeastern rust-belt region, amounted to 95 perce ...

Daily Headline - global.abi.org - 09/06/2017 - 22:47 - 0 comments

China Cities Face Surging Funding Costs on Default Concerns

China’s cities, towns and counties are facing surging borrowing costs as investors anticipate landmark defaults, Bloomberg News reported. A local government financing vehicle in the country’s east was recently forced to pay a coupon on a bond that matche ...

Daily Headline - global.abi.org - 09/06/2017 - 22:49 - 0 comments

Actions required by China’s State Council to boost foreign direct investments

Following our article “China Lays Groundwork for More Foreign Investment” published last week documenting the initial legislative developments on FDI, the State Council has released the Notice Regarding Measures to Accelerate Increase of Foreign Investme ...

Resource Article - twallace@abiwor... - 08/30/2017 - 13:28 - 0 comments - 0 attachments

China's 4th Biggest Builder Discloses Overdue Debt

Greenland Holdings Corp., China’s fourth-biggest developer by property sales, said it had overdue loans of 457.5 million yuan ($69.2 million) in some units in the northeast province of Liaoning at the end of June, underscoring concerns about the company’ ...

Daily Headline - global.abi.org - 08/29/2017 - 18:00 - 0 comments

China Says Sanctions Won't Help as Trump Targets Venezuela

Venezuela's close ally China said on Monday that history shows external interference and unilateral sanctions only make things more complex and will not help resolve problems, after the United States imposed new sanctions on Venezuela, the Interna ...

Daily Headline - global.abi.org - 08/28/2017 - 22:16 - 0 comments

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