As of last September, the most recent financial data available, the group was carrying 232 billion yuan in debt, 63% of it due within a year. As with other fast-growing private conglomerates such as ……
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Pull Canadian investment in China development bank over canola ban, Scheer urges Trudeau
Key among them was for the government to yank back the $256 million over five years it committed to Beijing’s multilateral development bank in 2017. That investment in the bank was billed as … (…
Scheer demands the Liberals to do more in retaliating against China’s canola ban
and increase financial support for farmers. Citing unproven concerns about pests, China has rejected Canadian canola seed shipments in recent months and has suspended the licences of two major … ( read original story …)
China’s South China Sea strategy takes a hit as the US Navy threatens to get tough on Beijing’s sea forces
“made it very clear” to his Chinese counterpart in January that “that the US Navy will not be coerced,” the Financial Times reported, citing an interview with the Navy’s top admiral. “By injecting … (…
Scheer to demand Canada pull funds from Chinese multilateral development bank
including pulling hundreds of millions of dollars Ottawa has committed to Beijing’s multilateral development bank. The Canadian Press has learned Scheer will also use a news conference to demand that … ( read original story…
US reportedly warns China over hostile non-naval vessels in South China Sea
The head of the U.S. Navy warned China that hostile behavior from its coast guard and fishing boats will not be treated any differently from the Chinese navy, the Financial Times reported on Sunday. ……
China’s inclusive financial loans grow faster
BEIJING – China’s inclusive financial loans sped up in the first quarter of 2019, said the central bank in a report. The outstanding inclusive financial loans amounted to 15.57 trillion yuan ($2.31 … ( read…
China’s Biggest Banks Post Higher Profits Amid Fresh Loan Push
(Bloomberg) — China’s largest lenders posted increases in first-quarter profit and higher interest income as authorities encouraged fresh lending to support the economy. Industrial & Commercial Bank … ( read original story …)
China renegotiated $50bn in loans to developing countries
Debt forgiveness is often motivated by a desire to improve bilateral relations, and also in cases of acute financial distress, the report found. China wrote off Rmb2.6bn ($386m) of Cuban debt in 2010, … (…
China’s coastguard ‘can expect military treatment’ in South China Sea
… that its coastguard and maritime militia would be treated in the same way as the nation’s navy in the South China Sea, the Financial Times reported. China is increasingly relying on non-naval … (…
Global asset managers jostle for China prize
“We hope to have a majority-controlled asset management [business] in China and we are very engaged with the Chinese regulators,” Larry Fink, BlackRock’s chief executive, told the Financial Times this … ( read original story…
Timeline: the long road to a US China trade deal
Huawei chief financial officer Meng Wanzhou leaves her home to attend … As well as the letter, Mr Liu had brought a pledge for China to buy more soyabeans to Washington. February 22, 2019: The…
Thousands take to streets to demand scrapping of new Hong Kong laws allowing extradition to China for trials
Opponents of the proposal fear further erosion of rights and legal protections in the free-wheeling financial hub – freedoms which were … lose their right not to be extradited into mainland China,” … ( read…
