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China Growth Slows To 6-Year Low As Stimulus Fails To Find Traction

Chinese economic expansion cooled to 7 per cent in the first quarter of this year, a figure that exceeded forecasts for a decline below the crucial 7 per cent threshold, but adding to fears that the world’s second biggest economy is facing difficulties, ...

Daily Headline - global.abi.org - 04/15/2015 - 23:10 - 0 comments

Chairman Returns to Kaisa Group, Troubled Chinese Developer

Just months after resigning, the former head of the embattled Chinese property developer, the Kaisa Group, returned unexpectedly to the helm, raising doubts about whether the company’s rescue by a rival will move forward, the International New York Tim ...

Daily Headline - global.abi.org - 04/13/2015 - 22:25 - 0 comments

50 Billion Yuan Chinese Investment Guarantee Company Near Default

Hebei Financing Investment Guarantee Group, the country’s second largest financing guarantee company has lost its ability to guarantee nearly 50 billion yuan worth of loans, signalling the spread of risk in the country’s financial system, The Australia ...

Daily Headline - global.abi.org - 04/12/2015 - 22:14 - 0 comments

New China-Led Bank Pledges to Fend Off Graft

China’s new development bank will strive to be corruption free, maintain environmentally sound policies and work with a streamlined bureaucracy, the interim head of the institution, Jin Liqun, said on Saturday, the International New York Times report ...

Daily Headline - global.abi.org - 04/12/2015 - 22:16 - 0 comments

China’s Cloud Live Defaults on Local Debt

A onetime restaurant chain that became the first Chinese company to default on the principal on its local debt could be a test of Beijing’s willingness to give market forces a greater role in the economy, The Wall Street Journal reported. In a statem ...

Daily Headline - global.abi.org - 04/07/2015 - 22:12 - 0 comments

Stampede to Join China’s Development Bank Stuns Even Its Founder

The sudden rush to join China’s new Asian development bank by this week’s deadline, including last-minute applications by countries hardly considered Beijing’s best friends, astonished even the Chinese, the International New York Times reported. Few ...

Daily Headline - global.abi.org - 04/02/2015 - 23:17 - 0 comments

China Introducing Program to Insure Bank Deposits

China will introduce on May 1 a program to insure bank deposits, the government said on Tuesday, ushering in an overhaul seen as vital for freeing up the highly protected banking sector, the International New York Times reported. Deposits of up to 50 ...

Daily Headline - global.abi.org - 03/31/2015 - 19:18 - 0 comments

China Acts to Stem Slide in Home Prices

China on Monday courted home buyers with a bigger tax break as it cut down-payment requirements for the second time in six months, stepping up a fight against sliding house prices that is imperiling the Chinese economy, the International New York Times ...

Daily Headline - global.abi.org - 03/30/2015 - 21:08 - 0 comments

China Central Bank Governor Warns of Deflation Risk

Zhou Xiaochuan, China’s central bank governor, warned on Sunday that the country needed to be vigilant about signs of deflation and said policy makers were closely watching the slowing of global economic growth and declines in commodity prices, the Int ...

Daily Headline - global.abi.org - 03/29/2015 - 21:54 - 0 comments

China Central Bank Calls for More Loans to Farms

percent last year, 0.7 percentage point higher than the rise in overall loans, it said. Farm loans made by ...

Daily Headline - global.abi.org - 03/25/2015 - 22:30 - 0 comments

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