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China Debt Dilemma: Five Things To Look Out For In Q3 GDP

On Wednesday China’s National Bureau of Statistics will report its latest quarterly estimate for economic growth, which has stabilised after the world’s second-largest economy was rocked by a dual market and currency crisis in January. For Beijing, econo ...

Daily Headline - global.abi.org - 10/17/2016 - 21:00 - 0 comments

PBOC’s Zhou Had Early Qualms on Debt Swaps

Seventeen years ago, Zhou Xiaochuan, then president of one of China’s oldest and largest banks, wrote an essay in an economics bimonthly magazine addressing the hottest policy topic of the day: a controversial new government program that let selected sta ...

Daily Headline - global.abi.org - 10/17/2016 - 21:01 - 0 comments

China Property Boom Spurs Fear of Bubble’s Burst

China is in the midst of a dizzying housing bubble. Shanghai’s average housing price is up nearly one-third from a year ago, with prices in major cities like Beijing and Guangzhou not far behind. Chinese consumers are rushing to buy homes before the gove ...

Daily Headline - global.abi.org - 10/16/2016 - 21:18 - 0 comments

Goldman Sachs To Intervene In AC Milan’s Debt Restructuring

Sino-Europe are going to complete AC Milan’s takeover by the 15th of November and new CEO Marco Fassone will be flying to China where he will meet owners and new potential sponsors for the new club’s course. According to Sole 24 Ore, however, new owners ...

Daily Headline - global.abi.org - 10/16/2016 - 21:20 - 0 comments

China Rethinks Approach After Surge In Lending To Risky Countries

A surge in overseas lending has left Chinese policy banks highly exposed to countries at risk of default, forcing a rethink that could reshape its engagement with developing economies. A Financial Times analysis shows that six of the 10 biggest recipient ...

Daily Headline - global.abi.org - 10/13/2016 - 21:21 - 0 comments

Xi Jinping Reminds China’s State Companies of Who’s the Boss

A typical big company is chock-full of bosses, from the basement mail room all the way up to the executive suite. Even at the top, those in charge sometimes have to answer to big investors pushing for change, the International New York Times reported ...

Daily Headline - global.abi.org - 10/13/2016 - 21:21 - 0 comments

Construction Bank Plans $3.6 Billion Debt Relief for Wuhan Steel

China Construction Bank Corp., the nation’s second-largest lender, said it plans to raise 24 billion yuan ($3.6 billion) with Wuhan Iron & Steel Group for a fund that will help lower the unprofitable Chinese steelmaker’s debt levels, Bloomberg News r ...

Daily Headline - global.abi.org - 10/12/2016 - 20:05 - 0 comments

China Cities Face End of Fairy Tale as Local Default Risks Rise

Finance firms that help keep cash flowing to China’s towns, cities and provinces face rising risks of landmark bond defaults just as they turn to global markets for funds, Bloomberg News reported. China’s economic slowdown is weighing on revenue at regio ...

Daily Headline - global.abi.org - 10/11/2016 - 21:15 - 0 comments

Dongbei Special Steel Formally Enters Bankruptcy Restructuring

Dongbei Special Steel Group Co Ltd has formally entered into a bankruptcy restructuring process following a court filing by one of its creditors, official news agency Xinhua reported on Monday. Dongbei, owned by the Liaoning provincial government in the ...

Daily Headline - global.abi.org - 10/10/2016 - 20:20 - 0 comments

Creditors Seek Bankruptcy Restructuring For Dongbei Special Steel

Fushun Special Steel said on Friday a court is reviewing an application from creditors for a bankruptcy restructuring of parent Dongbei Special Steel Group Co Ltd., Reuters reported. Fushun Special Steel said in a statement on the Shanghai stock exchange ...

Daily Headline - global.abi.org - 10/02/2016 - 23:38 - 0 comments

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