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China Duck Producer Defaults After Banks Toughen Credit Stance

A profitable Chinese duck processing company has defaulted on its debts after banks refused to roll over its loans — in a sign of lenders’ wariness over refinancings as China’s economy slows, the Financial Times reported. Until recently, Chinese bank ...

Daily Headline - global.abi.org - 06/01/2015 - 19:14 - 0 comments

Corporate Insolvency In Mainland, Hong Kong Seen Rising This Year

bankruptcies. The three companies command more than 80 per cent of the trade credit insurance market. Trade ...

Daily Headline - global.abi.org - 05/31/2015 - 22:57 - 0 comments

China’s Antigraft Tips Fly as Hunt for Tigers Appears to Change Stripes

The rising number of tips from the Chinese public alleging official malfeasance highlights the popularity of the country’s anticorruption campaign, even as the leadership may be shifting gears on the crackdown, The Wall Street Journal reported. Almos ...

Daily Headline - global.abi.org - 05/31/2015 - 22:59 - 0 comments

Kaisa Takeover Bid by Sunac Is Dropped

Kaisa Group, the troubled Chinese property developer, needs another lifeline, the International New York Times DealBook blog reported. On Thursday, the only serious offer for the company evaporated, as Sunac China Holdings abandoned its proposed $1.2 ...

Daily Headline - global.abi.org - 05/28/2015 - 18:55 - 0 comments

China Imposes Largest Fine to Date for False Advertising

Chinese authorities have imposed a fine of approximately $1 million US on consumer goods giant Proctor & Gamble (P&G) for false advertising. The penalty is the largest-ever fine for false advertising in China and demonstrates a desire by Chinese ...

Resource Article - abi_admin - 05/28/2015 - 14:08 - 0 comments - 0 attachments

China Slowdown Deepens Provincial Economic Divide

Last month more than 30 provincial taxi drivers drank poison and collapsed together on the busiest shopping street in Beijing in a dramatic protest against economic and working conditions in their home town, the Financial Times reported. The drivers, ...

Daily Headline - global.abi.org - 05/20/2015 - 21:37 - 0 comments

Amid China Slowdown, Foreign Creditors Face Bankruptcy Riddle

As China's economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country's unpredictable court system, Reuters reported. Last month, solar producer Ba ...

Daily Headline - global.abi.org - 05/17/2015 - 22:53 - 0 comments

Gloomy China Data Prompt Talk Of Fresh Stimulus

The Chinese economy continued to slow in April, prompting predictions of more fiscal and monetary stimulus from Beijing, much of which is likely to end up in the booming domestic stock market, the Financial Times reported. Fixed asset investment, a k ...

Daily Headline - global.abi.org - 05/13/2015 - 22:28 - 0 comments

Next Up for China’s Central Bank: How to Get Loans to Small Firms

Having delivered an interest-rate cut to help big state-owned companies and local governments cope with debilitating debt, China’s central bank is grappling with another thorny task: how to steer credit to the private businesses Beijing deems crucial to ...

Daily Headline - global.abi.org - 05/11/2015 - 22:13 - 0 comments

China Cuts Interest Rates as Economic Growth Slows

China cut interest rates for the third time in six months amid a worse-than-expected economic slowdown, as authorities scramble to ease the heavy debt burdens of companies and governments. The People’s Bank of China said Sunday it would shave a quarter o ...

Daily Headline - global.abi.org - 05/10/2015 - 22:14 - 0 comments

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