Results for China
- IMF Warns On China's ‘High And Rising’ Debt Risk
The International Monetary Fund has issued its sternest warning to date on the risk from China’s rising debt burden, urged more aggressive action to curb credit growth and subject state-owned enterprises to the discipline of the market, the Financial T ...
Daily Headline - global.abi.org - 06/14/2016 - 23:04 - 0 comments
- China Developer Vanke Says To Submit Restructuring Details This Week
China Vanke, the mainland's biggest property company by sales, said it will submit details of a proposed $9.3 billion restructuring involving subway operator Shenzhen Metro Group to the stock exhange this week, and expects to resume trading by early ...
Daily Headline - global.abi.org - 06/13/2016 - 22:31 - 0 comments
- IMF Sounds Warning On China’s Corporate Debt
China’s corporate debt risks sparking a bigger crisis if the authorities fail to tackle it, the International Monetary Fund has warned, the Financial Times reported. It is the latest red flag over China’s ballooning debt, which rose to a record 237 p ...
Daily Headline - global.abi.org - 06/12/2016 - 21:41 - 0 comments
- Struggling Chinese P2P Lender Offers To Repay Investors With Baijiu
While China’s state-owned banks plot debt-for-equity swaps to cut bad loans, one struggling peer-to-peer lender has brewed up a more novel plan: repaying its investors in baijiu, the popular Chinese liquor, the Financial Times reported. Chinatou.com ...
Daily Headline - global.abi.org - 06/12/2016 - 21:42 - 0 comments
- China’s Consumer Inflation Cools, Stoking Stimulus Expectations
consumer-price index rose 2.0% in May from a year earlier, compared with a 2.3% increase in April, the National ... The Wall Street Journal reported. The consumer-price index rose 2.0% in May from a year earlier, ...
Daily Headline - global.abi.org - 06/09/2016 - 22:18 - 0 comments
- China's Factories Steadying but Weak, Hopes for Quick Recovery Fade
China's manufacturing activity showed signs of steadying in May but remained weak amid soft demand at home and abroad, suggesting the world's second-largest economy is still struggling to regain traction, the International New York Times re ...
Daily Headline - global.abi.org - 06/01/2016 - 20:02 - 0 comments
- 1MDB Unit Bought by China Nuclear Firm Was Distressed, Auditor Says
An audit of a key energy group sold by troubled state investment fund 1Malaysia Development Bhd. to a Chinese state-owned nuclear-power company flagged deep uncertainty over the company’s viability. Notes from auditor Deloitte in the 140-page financial a ...
Daily Headline - global.abi.org - 05/27/2016 - 01:42 - 0 comments
- Dim Sum Debt Revival Hinges on Yuan Stability Amid Default Risks
A four-month rally in offshore yuan bonds has helped issuance almost double this quarter. Further gains may depend on whether China can limit currency losses and defaults, Bloomberg News reported. Offerings of yuan debt outside China jumped to 23.8 billi ...
Daily Headline - global.abi.org - 05/25/2016 - 00:43 - 0 comments
- Kaisa’s Debt Restructuring Passes Critical Stage
Kaisa Group, the Shenzhen-based property developer which defaulted on its US dollar-denominated bonds, has reached a milestone in its yearlong debt restructuring negotiations after a plan was formally approved by bondholders, the South China Morning Po ...
Daily Headline - global.abi.org - 05/24/2016 - 00:25 - 0 comments
- China Steps Up War On Banks’ Bad Debt
Beijing has stepped up its battle against bad debt in China’s banking system, with a state-led debt-for-equity scheme surging in value by about $100bn in the past two months alone, the Financial Times reported. The government-led programme, which for ...
Daily Headline - global.abi.org - 05/22/2016 - 21:07 - 0 comments