China’s economy and markets are wrestling with fresh financial woes as missed payments on trust products are rekindling concerns over contagion into a $2.9 trillion part of the country’s shadow …
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China to strengthen financial support for flood-hit regions
BEIJING — China will enhance credit support for infrastructure reconstruction and upgrading in disaster-stricken areas to help people and businesses tide over difficulties, the National …
China’s Country Garden suspends trading of onshore bonds amid talk of debt restructuring
Country Garden, one of China’s top property developers, suspended trading in 11 of its onshore bonds on Monday, adding to speculation the company may be preparing to restructure its debt as it …
China urges banks, insurers to step up support for flood-stricken firms
China is pushing banks and insurers to step up support to flood and disaster-stricken companies and business owners to speed up their return to normal operations, its financial regulator said in a …
In the Market: Funds fret over the fallout of Biden’s China order
Fund managers are worried the Biden administration’s move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations.
China Shadow Banking Giant Alarms Investors With Missed Payments
One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.
China sends finance experts to tackle regions’ debts
Since 2015 China has undertaken repeated attempts to curb debt issuance by LGFVs, which ballooned as infrastructure and property spending fuelled booming economic growth but resulted in many …
Praised by Elon Musk, top Chinese EV maker BYD urges China’s car brands to go global and ‘demolish the old legends’
Tesla CEO Elon Musk no longer laughs at BYD. The Chinese electric-vehicle maker is handily beating Tesla in China, the world’s largest auto market, and it’s expanding internationally. Now BYD is …
Joe Biden Has a China Problem
China’s economy has fallen into a period of deflation. Its consumer price index (CPI) fell by .3% in July. Its imports and exports fell sharper than expected last month. Tesla triggered a price war in…
China releases plan to lure more foreign investment as economy falters
A worker produces textile products for export at a workshop of a company in Lianyungang city, Jiangsu province, China, August 9, 2023. CFOTO/Future Publishing via Getty Images China’s State Council …
What is China’s private-sector mess, and what is Beijing doing to clean it up?
Much has been made about the plight of China’s private businesses, which have been angling for help for years and find the post-Covid environment difficult to thrive in, prompting Beijing to respond.
China’s economic stress deepen with property market slump: Report
Official data on Tuesday will likely show modest gains in industrial output, retail sales, fixed-assets investment in July from year ago, although growth rates are still well below pre-pandemic level …
A Top China Fund Manager Boosts LGFV Holdings After Policy Vows
One of China’s best-performing bond fund managers boosted holdings of local government financing vehicles after a key economic policy meeting last month fueled optimism in the debt-laden sector.Most R …
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