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China Cuts Reserve Ratio For Small Banks

reserve ratio” by 0.5 per cent for banks that mainly lend to small businesses and rural borrowers. In the ...

Daily Headline - global.abi.org - 06/09/2014 - 21:14 - 0 comments

China’s ‘Golden Era’ for Property Over, Vanke President Says

China Vanke Co., the nation’s biggest developer, is focused on developing homes for owner occupiers rather than investors because the country’s property industry has passed its “golden era,” said President Yu Liang, Bloomberg News reported. “The period i ...

Daily Headline - global.abi.org - 05/27/2014 - 21:50 - 0 comments

STX Dalian Goes Under Court Receivership

STX Dalian Group is now formally under court receivership after China’s Dalian court accepted the company’s application, Seatrade reported. The financially-troubled group will now undergo a restructuring process, and the court and its creditors will ...

Daily Headline - global.abi.org - 05/27/2014 - 21:52 - 0 comments

LDK Solar Gets 2 Billion Yuan Bank Loans After Bond Default

LDK Solar Co., the Chinese solar manufacturer which defaulted on a bond that matured in February, said it received 2 billion yuan ($321 million) of loans from Chinese banks, Bloomberg News reported. China Development Bank Corp., the nation’s biggest poli ...

Daily Headline - global.abi.org - 05/26/2014 - 21:57 - 0 comments

China Opens Debt Window For Local Governments

China will allow local governments to sell bonds for the first time in two decades in a big step towards tackling a looming crisis in public finances and reining in the shadow banking sector that municipal authorities rely on for funding, the Financial ...

Daily Headline - global.abi.org - 05/21/2014 - 21:32 - 0 comments

China Tries to Ease Drop in Real Estate Prices

China will increasingly manage its troubled property sector locally, as the nation seeks to avoid causing either an abrupt slowdown that undermines the economy or another surge in prices, according to government economists involved in policy discussions, ...

Daily Headline - global.abi.org - 05/21/2014 - 21:43 - 0 comments

Property Sector Slowdown Adds To China Fears

China’s economy is sputtering as evidence mounts that a nationwide property bubble is on the point of bursting, the Financial Times reported. Virtually every indicator for economic growth in China turned down in April as the all-important real estate ...

Daily Headline - global.abi.org - 05/13/2014 - 21:58 - 0 comments

China’s New Credit Declines

China’s broadest measure of new credit fell last month as authorities extended their campaign to tame financial dangers even as construction and manufacturing data point to risks that the economy’s slowdown will worsen, Bloomberg News reported. Aggregate ...

Daily Headline - global.abi.org - 05/12/2014 - 21:42 - 0 comments

Xi Says China Must Adapt to ‘New Normal’ of Slower Growth

Chinese President Xi Jinping said the nation needs to adapt to a “new normal” in the pace of economic growth and remain “cool-minded” amid a slowdown that analysts forecast will lead to the weakest expansion since 1990. China’s growth fundamentals haven’ ...

Daily Headline - global.abi.org - 05/11/2014 - 23:21 - 0 comments

China Central Bank Vows to Step Up Monitoring of Loan Default Risks

China's central bank said it would strengthen monitoring of default risk from loans to the property sector, local-government financing companies and industries struggling with overcapacity, The Wall Street Journal reported. In its first-quarter ...

Daily Headline - global.abi.org - 05/06/2014 - 21:51 - 0 comments

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