SUBSCRIBERS
Mini debt crisis in China province
Published Fri, Aug 21, 2015 · 09:50 PM
Beijing
A MINI debt crisis in northern China is exposing cracks in a financial pillar of the country's economic revival plan: the US$430 billion loan-guarantee industry.
China has a heavy corporate debt burden and its economy is slowing, putting borrowers under strain, but many lenders take comfort from the fact that their loans are insured against default through the nation's almost 8,000 guarantee companies.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
The Fed’s quantitative easing programme has cost too much
German economy skirts recession, helped by construction and exports
Taiwan economy grows at fastest pace since 2021 on chip boom
German unemployment rises more than expected, labour office says
China’s top leaders hint at property support, interest rate cuts
Thai economic growth slows in March due to soft demand, tourism