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PEOPLE who have invested heavily on China stocks in the past two years must be wondering when did it all start to go wrong? After all, China did celebrate the 100th anniversary of the Chinese Communist Party recently on July 1.
BEIJING: Chinese billionaire Zhang Jindong secured a US$1.36bil (RM5.65bil) state-backed bailout for the troubled retail arm of his Suning empire, marking another step in Beijing’s efforts to clean up its heavily-indebted conglomerates.
HONG KONG: Chinese conglomerate Dalian Wanda Group aims to raise 20 billion yuan (RM$3.08bil or RM12.62bil) for its commercial property management business, before listing the unit in Hong Kong by year-end, two people with direct knowledge of the matter told Reuters.
BEIJING: China's imports grew at their fastest pace this year in September, while exports extended strong gains as more trading partners lifted Covid-19 coronavirus restrictions in a further boost to the world's second-biggest economy.
BEIJING: China's economy returned to growth in the second quarter after a deep slump at the start of the year, but domestic consumption and investment remained weak as the shock from the coronavirus crisis underscored the need for more policy support to bolster the recovery.
A semblance of normal life is slowly returning to China. People are heading to work, visiting malls, and even shopping at the wet markets that were among the places where coronavirus was first identified. But one gathering place remains closed: the cinema.
HONG KONG: Dalian Wanda Group Co, the Chinese conglomerate that borrowed billions of dollars to fund an acquisition binge, is facing a double whammy this year: a wall of maturing debt and a deadly virus that has hampered its operations.
HONG KONG: Dalian Wanda Group Co., the Chinese conglomerate that borrowed billions of dollars to fund an acquisition binge, is facing a double whammy this year: a wall of maturing debt and a deadly virus that has hampered its operations.
BEIJING: China took over management of debt-laden HNA Group Co.’s liquidity risks after the coronavirus outbreak scared off travelers and cut off the conglomerate’s main source of income, forcing the government to take extraordinary steps to contain the fallout from the epidemic.