For years, in an effort to destabilize our immediate neighborhood, the regime in Beijing has been creeping closer to nations in the Western Hemisphere.
Tagged By banking
Chinese finance giant Zhongzhi files for bankruptcy: court
Chinese asset management giant Zhongzhi Enterprise Group has filed for bankruptcy and was unable to pay its debts, a Beijing court said on Friday.
China’s Debt Mountain Is Even Bigger Than Feared
Japan’s descent into stagnation is an infamous economic tale known around the world. But at its start, in the early 1990s, it wasn’t abundantly clear what was happening to what was then the world’s No…
China Toxic-Asset Management Firm Goho Says It’s Resolving Debts
Goho Asset Management Co., a distressed-asset management firm backed by the government of China’s Anhui province … distressed assets to rescue troubled businesses and mitigate financial risks, …
Beijing court accepts shadow bank Zhongzhi’s bankruptcy application
Troubled Chinese shadow-banking firm Zhongzhi Enterprise Group’s bankruptcy application has been accepted by a court in Beijing, which would suggest the central government is ready to handle the …
China’s electric vehicle dominance presents a dilemma to the west
Companies such as BYD and Nio are targeting overseas markets, leaving governments torn between encouraging greater take-up and protecting domestic manufacturers …
Chinese Company That Sparked Fears of Financial Contagion Falls Into Bankruptcy
A calamitous year for Zhongzhi, which was a big player in China’s roughly $3 trillion trust sector, led to worries that the world’s second-largest economy was facing a “Lehman moment.”
China Deals with Debt Blow: $64 billion Zhongzhi Collapses, Raising Questions About China’s Finance
China’s $64-billion shadow bank Zhongzhi crumbles! Investors in panic, economy braces for impact. Read this article to know more about this.
Chinese shadow bank Zhongzhi files for bankrupcty
The worsening woes at Zhongzhi, a major player in China’s $3 trillion shadow banking sector — roughly the size of the French economy — add to worries that the country’s property debt crisis is …
Tesla recalls over 1.6 million EVs exported to China to fix automatic steering, door latch glitches
The recalls follow a recall in the U.S. last month of more than 2 million of Tesla EVs to improve its system for monitoring drivers.
Troubled Chinese finance giant Zhongzhi files for bankruptcy
Many developers used Zhongzhi to finance their projects during China’s real estate boom. (AP pic) BEIJING: Chinese asset management giant Zhongzhi Enterprise Group has filed for bankruptcy and was unable to pay its debts, a…
Major Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
Troubled China Shadow Bank Zhongzhi Files for Bankruptcy
Chinese shadow banking giant Zhongzhi Enterprise Group Co. filed for bankruptcy, cementing the rapid downfall of a firm that oversaw more than $140 billion at its peak before succumbing to the …
