China

To boost their deposit levels ahead of an expected year-end regulatory review, Chinese banks have recently accelerated their sales of high-yield investment products to customers, raising new concerns about the financial system and spurring the government ...

Daily Headline - global.abi.org - 12/11/2012 - 23:48 - 0 comments

A new survey shows that the real unemployment rate in China is double the official level, and layoffs rose sharply among migrant workers in the past year, underlining a challenge for China's new leaders to maintain growth, The Wall Street Journal ...

Daily Headline - global.abi.org - 12/10/2012 - 23:39 - 0 comments

China's largest maker of auto parts won a politically sensitive auction for A123 Systems Inc, a bankrupt maker of batteries for electric cars that was funded partly with U.S. government money, A123's investment banker said on Saturday, Reuters ...

Daily Headline - global.abi.org - 12/09/2012 - 20:04 - 0 comments

A bank raises money from its customers to make an off-the-books investment packaged by a private investment company as a loan to a pawn shop, which in turn makes loans to companies that banks aren’t willing to lend to because they’re not comfortable with ...

Daily Headline - global.abi.org - 12/06/2012 - 23:18 - 0 comments

The Crafar family farms put into receivership three years ago are now legally in the hands of their new Chinese owner, Radio New Zealand reported. The Shanghai Pengxin group had to overcome legal challenges from New Zealand farming and Maori interests bu ...

Daily Headline - global.abi.org - 12/02/2012 - 22:49 - 0 comments

Banks face hidden risks from their links to China's fast-growing "shadow-finance" industry, a term for all types of credit outside formal lending channels. Shadow finance in China totals about 20 trillion yuan, according to Sanford C. Bern ...

Daily Headline - global.abi.org - 11/26/2012 - 23:40 - 0 comments

China’s placement of a North Korean- educated economist and an exemplar of debt-fueled infrastructure on its ruling body may add to challenges for Communist Party leader Xi Jinping as he seeks to deepen the nation’s development, Bloomberg reported. Zhang ...

Daily Headline - global.abi.org - 11/15/2012 - 23:24 - 0 comments

China's banks have been building up their bulwarks against bad loans, underscoring the potential risk to the financial system in the world's No. 2 economy even amid other signs that growth is picking up again, The Wall Street Journal report ...

Daily Headline - global.abi.org - 10/30/2012 - 22:00 - 0 comments

China's communists have to stop discriminating against the workers, The Wall Street Journal reported. A migrant-worker tribe that swelled to 158 million in 2011 from 25 million in 1990 has been a key contributor to China's rapid growth. ...

Resource Article - global.abi.org - 10/22/2012 - 10:15 - 0 comments - 0 attachments

China's new bank loans fell last month to well below market expectations, but analysts said that other forms of credit outside the system of state-dominated lenders offset the drop, meaning companies weren't short of funding. Analysts have been ...

Daily Headline - global.abi.org - 10/14/2012 - 22:33 - 0 comments