China - Economic Data & News 14 (Apr 16 - Aug 16)

Re: China - Economic Data & News 14 (Apr 16 - Dec 16)

Postby winston » Thu Aug 04, 2016 6:31 pm

Only in China: Companies Become Banks to Solve Financial Difficulties

By Valentin Schmid

By becoming or owning banks, the companies can just shift debt around different balance sheets to avoid a default, although this is probably not the resolution that Goldman Sachs had in mind when talking about structural reforms.


If companies can’t pay back loans, old banks don’t want to give out loans, and consumers don’t want to circulate the money, you can just let some companies become banks to prevent them from defaulting and maybe even issue new loans to themselves


Source: Epoch Times

http://www.theepochtimes.com/n3/2130653 ... ydhoAj9w.1
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Videoclips (General) 05 (Oct 15 - Dec 16)

Postby behappyalways » Fri Aug 05, 2016 7:59 pm

China’s Propaganda Machine Has Been on a Video Spree
http://time.com/4438422/china-chinese-v ... d=homepage
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Re: China - Economic Data & News 14 (Apr 16 - Dec 16)

Postby winston » Fri Aug 05, 2016 11:18 pm

China Banking Regulator Tells Banks to Evergreen Loans of Troubled Companies

By Valentin Schmid

Source: Epoch Times

http://www.theepochtimes.com/n3/2132263 ... ydhoAj9w.1
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Re: China - Economic Data & News 14 (Apr 16 - Dec 16)

Postby behappyalways » Sat Aug 06, 2016 3:54 pm

醉女生被姦後身亡 涉案官二代竟脫罪
http://hk.apple.nextmedia.com/internati ... 1470386546
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Re: China - Economic Data & News 14 (Apr 16 - Dec 16)

Postby behappyalways » Sun Aug 07, 2016 5:17 pm

護230漁船華7海警船巡釣島
學者:向日右翼新防衞相示警
http://hk.apple.nextmedia.com/internati ... 7/19726404
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Re: China - Economic Data & News 14 (Apr 16 - Dec 16)

Postby winston » Mon Aug 08, 2016 7:41 am

China forex reserves fall

China's foreign exchange reserves fell to US$3.2 trillion (HK$24.06 trillion) in July, central bank data showed, in line with analyst expectations.

Economists had predicted reserves would fall to US$3.2 trillion from US$3.21 trillion at the end of June.

The reserves rose US$13.4 billion in June, rebounding from a five-year low in May.

China's gold reserves rose to US$78.89 billion, up from US$77.43 billion at end-June, the People's Bank of China website data showed.

Net foreign exchange sales by the People's Bank of China in June jumped to their highest in three months, as it sought to shield the yuan from volatility caused by Britain's decision to leave the European Union.

The foreign exchange regulator has said China would be able to keep cross- border capital flows steady given its relatively sound economic fundamentals, solid current account surplus and ample foreign exchange reserves.

China's foreign reserves fell by US$513 billion last year after it devalued the yuan in August, sparking a flood of capital outflows.

The yuan has eased another 2 percent this year and is hovering near six-year lows, but data suggests speculative capital flight is under control for now.

Source: REUTERS
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Risks Out There 04 (Aug 15 - Dec 16)

Postby behappyalways » Mon Aug 08, 2016 11:04 am

Why China Can't Solve Its Debt Problem

Source: Bloomberg

http://www.bloomberg.com/view/articles/ ... bt-problem
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Re: China - Economic Data & News 14 (Apr 16 - Dec 16)

Postby winston » Mon Aug 08, 2016 6:39 pm

Capitalism With Chinese Characteristics: State Enterprise Reform Through Massive Theft

By Cheng Xiaonong

Their approach was usually to deliberately understate the net assets of the enterprise.

Managers then bought the business, using business funds or loans from banks or private borrowers and registered the company in their own name or a relative’s name.

Finally, with the new business owner’s identity, they would pay back the borrowed funds with income from the enterprise. They basically paid little to nothing for these SOEs.


From 1998 to 2003, when the red elite misappropriated SMEs on a large scale through privatization, the authorities deliberately closed the Administrative Bureau of State-Owned Property for six years during the crucial climax of privatization, to provide convenience to the red elite.

Although in 2003 the bureau was restored, it rarely investigated state-owned asset misappropriation.



Source: Epoch Times

http://www.theepochtimes.com/n3/2133610 ... ydhoAj9w.1
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Re: China - Economic Data & News 14 (Apr 16 - Dec 16)

Postby winston » Mon Aug 08, 2016 6:39 pm

Capitalism With Chinese Characteristics: State Enterprise Reform Through Massive Theft

By Cheng Xiaonong

Their approach was usually to deliberately understate the net assets of the enterprise.

Managers then bought the business, using business funds or loans from banks or private borrowers and registered the company in their own name or a relative’s name.

Finally, with the new business owner’s identity, they would pay back the borrowed funds with income from the enterprise. They basically paid little to nothing for these SOEs.


From 1998 to 2003, when the red elite misappropriated SMEs on a large scale through privatization, the authorities deliberately closed the Administrative Bureau of State-Owned Property for six years during the crucial climax of privatization, to provide convenience to the red elite.

Although in 2003 the bureau was restored, it rarely investigated state-owned asset misappropriation.



Source: Epoch Times

http://www.theepochtimes.com/n3/2133610 ... ydhoAj9w.1
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Re: China - Economic Data & News 14 (Apr 16 - Dec 16)

Postby behappyalways » Tue Aug 09, 2016 1:52 pm

Chinese province to extend maturity on $60 billion in coal loans

Source: CNBC

http://www.cnbc.com/2016/08/08/chinas-s ... loans.html
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