China debt
China Need to Take Constructive Steps to Tackle Corporate Debt, Says Top Economist
| Girish Shetti | | Jun 15, 2016 01:15 PM EDT |
China's rising debt problem is considerably offset by its high saving rate, but steps need to be taken to control exceptionally high corporate liabilities, a leading government economist said on Wednesday.
China's Top Banks Get US$81 Billion Help from Central Bank to Put off Slowdown
| Staff Reporter | | Sep 17, 2014 12:36 PM EDT |
China's top five banks are receiving aid from the country's Central Bank amounting to US$81 billion or 500 billion yuan. The government support is intended to curb the slow growth rate for the world's second economic power.
Debt Crisis Looms for Chinese Local Governments
| Christl Leong | | Jun 19, 2014 01:15 AM EDT |
China's local government may have trouble paying off debts as its property market sees a downturn in revenues.
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