China

Results for China

China Graft Sets Back Industrial Overhaul

China is struggling with a string of rust-belt corruption cases that reflect the government’s troubles delivering on one of its signature policies: reducing the bloat in major industries that are dragging down the economy, the Wall Street Journal rep ...

Daily Headline - abi_admin - 09/30/2016 - 13:43 - 0 comments

Sainty Marine Plans to Swap Some Debt With New Shares in Revamp

Sainty Marine Corp., a shipbuilder based in the eastern Chinese city of Nanjing, plans to convert its capital into about 520 million new shares and swap some or all of them with debt as part of a revamp, Bloomberg News reported today. Creditors will get ...

Daily Headline - abi_admin - 09/29/2016 - 14:11 - 0 comments

China Regulators Push Through Sinosteel Debt Restructuring Plan

Chinese regulators have pushed through the debt restructuring plan of a state-owned steel trader as the government gets set for a new round of debt cleanups, Bloomberg News reported today. Sinosteel Engineering & Technology Co. yesterday received a n ...

Daily Headline - abi_admin - 09/28/2016 - 12:42 - 0 comments

Despite Default Worries, China Debt Attracts Brave Few

While economists and many foreign investors fret about China’s spiralling debt and rising defaults, a small niche of alternative asset managers is braving the China credit space, attracted by high yields from borrowers shut out from other sources of fina ...

Daily Headline - global.abi.org - 09/25/2016 - 17:45 - 0 comments

China Steadies Economy With Risk-Laden Tactics

China’s economy is showing signs of stability, a welcome break for both investors and a leadership that has spent much of 2016 battling economic headwinds. But it is an engineered calm that comes at a cost, say economists, The Wall Street Journal rep ...

Daily Headline - global.abi.org - 09/22/2016 - 22:12 - 0 comments

Suitcases of Cash: Chinese Travel Data Hint at Outflow

The explosive growth of spending overseas by Chinese tourists dwarfs the increase in the number of Chinese traveling abroad. The most likely reason? Disguised capital outflows, Bloomberg News reported. So says former U.S. Treasury official Brad Setser, w ...

Daily Headline - global.abi.org - 09/21/2016 - 22:06 - 0 comments

The First Really Meaningful And Massive Chinese Bankruptcy Has Arrived

According to the Chinese business publication Caixin, the first of China's massive state-owned organizations has collapsed under the weight of $2.2 billion worth of bad debt in China's interbank bond market. The company, Guangxi Nonferrous Meta ...

Daily Headline - global.abi.org - 09/21/2016 - 22:06 - 0 comments

Court In China Declares State-Run Metals Firm Bankrupt

A court in southern China has formally declared bankrupt Guangxi Nonferrous Metals Group Co Ltd, an unlisted state-run metals producer that defaulted on a bond in February and missed a payment in April, Reuters reported. The firm, which is owned by the G ...

Daily Headline - global.abi.org - 09/20/2016 - 22:15 - 0 comments

China Property Developers May Issue $150 Billion In Bonds In 2016

China's listed property developers issued 960 billion yuan (110.8 billion pounds) in bonds as of Sept. 19, more than three times the amount in the same period last year, financial magazine Caixin reported, citing data from WIND, a Chinese financial ...

Daily Headline - global.abi.org - 09/20/2016 - 22:16 - 0 comments

China Outlines Rescue Plan For Bohai Steel

The Chinese coastal city of Tianjin plans to issue corporate bonds to ease the debt burden of a local state-owned steelmaker — in a flagship case of restructuring in the domestic industry, the Financial Times reported. Tianjin’s city government has f ...

Daily Headline - global.abi.org - 09/19/2016 - 19:44 - 0 comments

Syndicate content