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China's Dangerous Debt Drag

The idea that China can borrow indefinitely in order to prop up growth simply doesn't wash, Bloomberg View reported in an analysis. In a new report on the world's growing debt glut, McKinsey highlights three huge risks: unsustainably high gover ...

Daily Headline - global.abi.org - 02/09/2015 - 23:26 - 0 comments

China to Crack Down on Tax Collection From Multinational Companies

China’s tax officials plan to step up efforts to collect taxes from multinational corporation in the latest of a series of moves in the last year, mostly against Western companies. The activities have included police raids on the headquarters of companie ...

Daily Headline - global.abi.org - 02/04/2015 - 22:46 - 0 comments

Chinese Province Bucks Earlier Credit Contraction As It Seeks Growth

Beijing may have decided the slowing economy doesn’t require a nationwide stimulus campaign as yet, but that doesn’t mean individual provinces aren’t trying anyway, The Wall Street Journal China Real Time Report blog reported. According to data publi ...

Daily Headline - global.abi.org - 02/04/2015 - 00:13 - 0 comments

Chief's Exit From Kaisa Adds to Its Turmoil

The property developer Kaisa Group said on Monday that its chief executive had resigned — another blow to the embattled company that may become the first Chinese home developer to default on foreign bonds, the International New York Times reported. T ...

Daily Headline - global.abi.org - 02/03/2015 - 00:01 - 0 comments

Struggling China Property Developer Kaisa Says CEO Resigns

Embattled Chinese property developer Kaisa Group, which sold some of its Shanghai assets at the weekend, said on Monday its chief executive officer has resigned, Reuters reported. The company said in a stock exchange notice that Jin Zhigang had quit &quo ...

Daily Headline - global.abi.org - 02/01/2015 - 23:38 - 0 comments

Kaisa's Bonds Jump After Trading Halt In Sunac Shares

Bonds of troubled China property developer Kaisa Group jumped by as much as four points after rival Sunac China Holdings, which has been named in media reports as a potential buyer of its assets, announced a trading suspension, Reuters reported. Kaisa is ...

Daily Headline - global.abi.org - 01/29/2015 - 22:59 - 0 comments

Troubled China Property Firm Kaisa Appoints Financial Advisor

Chinese property developer Kaisa Group has appointed financial adviser Houlihan Lokey to formulate a plan that will be agreeable to all its creditors as the indebted company struggles with the risk of defaulting on its credit. The company failed earlier ...

Daily Headline - global.abi.org - 01/28/2015 - 22:37 - 0 comments

Kaisa Failed To Unblock Sales During Talks With Shenzhen Government

Troubled Chinese property developer Kaisa Group failed to remove a local government block on sales at its Shenzhen projects during talks with public officials on Monday, a company source familiar with the discussions said. Kaisa's top executives hel ...

Daily Headline - global.abi.org - 01/27/2015 - 23:15 - 0 comments

Offshore Bond Sales By Chinese Developers Stall As Default Fears Rise

Offshore bond sales by mainland property developers have stalled in January as rising investor fears of a flurry of debt defaults have junked one of the usually busiest months of the year for real estate issuance, South China Morning Post reported. W ...

Daily Headline - global.abi.org - 01/25/2015 - 22:37 - 0 comments

Chinese Developer Kaisa In Talks On Possible Asset Sales

Troubled Chinese property firm Kaisa Group is talking to banks and rival developers about selling its assets as the company scrambles to raise cash, according to people with knowledge of the matter. A number of developers have approached the company abou ...

Daily Headline - global.abi.org - 01/25/2015 - 22:37 - 0 comments

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