China's 1.1t yuan dealmaker debt raises alarm amid probe
Aside from bonds and loans, some companies have at times also turned to risky shadow financing
Shanghai
CHINA struck deal after deal to acquire companies abroad over the last few years. Now the bill is coming due.
The nation's top corporate dealmakers, including HNA Group and Fosun International, must pay off the equivalent of at least US$11.5 billion in bonds and loans by the end of 2018 - a feat now complicated by government efforts to rein in their aggressive rush overseas.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing