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China Decides Debt Can Be Dangerous
Edit Bloomberg 13 May 2016
The Chinese Communist Party is now officially worried about mounting debt ... That’s deadly.” ... Potential losses could amount to as much as 9.1 trillion yuan ($1.4 trillion), or 13.5 percent of GDP, Cheung estimates ... Regulators plan an initial debt swap valued at 1 trillion yuan, reported the English-language website of financial publication Caixin, citing an unnamed executive at China Development Bank ... The bottom line ... ....
Canadian stocks flat as crude hits six-month high
Edit Xinhua 13 May 2016
TORONTO, May 12 (Xinhua) -- Canada's main stock market in Toronto finished Thursday trading little changed although crude oil settled at the highest level in more than six months amid concern of reduction in global crude supply with Canadian producers planning to resume oilsands output. The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index lost 0.41 point, or 0.00 percent, to close at 13,787.80 points ... ying. ....
Yingli Quickens Effort on Debt as $270 Million Payment Missed
Edit Bloomberg 12 May 2016
Yingli Green Energy Holding Co. said it’s stepping up efforts to repay its debts after it missed payments on about 1.76 billion yuan ($270 million) of notes due Thursday, the latest in a string of defaults by Chinese companies ... On Wednesday, Yingli warned it was preparing to default as it reported a net loss of 5.6 billion yuan for 2015, less than the range of 5.8 billion yuan to 5.9 billion yuan it had said on April 29 it expected....
Once a Billionaire, Miao Is China's Latest Humbled Solar King
Edit Bloomberg 12 May 2016
Miao’s push to dominate photovoltaics lies in pieces after Yingli missed repayment on 1.76 billion yuan ($270 million) of debt and said it’s talking with creditors about refinancing ... As Yingli’s founder and chairman and largest shareholder, the panel ... Unprofitable since 2011, Yingli had 11.8 billion yuan ($1.8 billion) of debts at the end of 2015....
Taiwan Accepts WHO Invitation Despite Political Caveat From China
Edit Voa News 12 May 2016
Therefore we think there is no relation between the one-China basis in the WHO director-general’s invitation and Taiwan’s participation in the WHA,” spokesman Tung Chen-yuan said ... Beijing and the eight-year government of President Ma Ying-jeou say they are observing the 1992 Consensus, named after a meeting between representatives from the two sides that year....
Yingli Announces Delay in Repayment of Medium-Term Notes Due on May 12, 2016 and the Remaining Portion of Medium-Term Notes Due on October 13, 2015 (Yingli Green Energy Holding Company Limited)
Edit Public Technologies 12 May 2016
Yingli Green Energy Holding Company Limited) www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo ... Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli's control ... ir@yingli.com....
Yingli Announces Delay in Repayment of Medium-Term Notes Due on May 12, 2016 and the ...
Edit PR Newswire 12 May 2016
BAODING, China, May 12, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE.YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, today announced that its subsidiary, Baoding Tianwei Yingli New Energy Company ... ....
China Inc. Misses Best Shot to Repay $430 Billion as Yuan Drops
Edit Bloomberg 12 May 2016
currency borrowings or hedge exposure. The yuan declined 1 percent since March 31, following a 2 percent rally between February and March. Royal Bank of Canada and Credit Suisse Group AG see more depreciation. “If corporates haven’t taken advantage of this period of yuan gains, they really only have themselves to blame," said Sue Trinh, Hong Kong-based head of Asian foreign-exchange strategy at RBC....
Spread widens between yuan’s home and overseas rate
Edit Asia Times 12 May 2016
The spread between the yuan’s rates at home and overseas has hit its widest point since February leading many to worry that the People’s Bank of China will take action to narrow the gap. Late Wednesday, as the onshore yuan surged ... This has been going on since the yuan’s devaluation in August last year....
Sock trade proves comfortable fit for Jilin
Edit China Daily 12 May 2016
With 30 staff, Sun achieved sales revenue of 8 million yuan ($1.23 million) last year, and achieved a profit margin of around 20 to 30 percent ... Last year, the industrial park, which was established in 2005, achieved an annual output value of 6.5 billion yuan ($1 billion) and the sock business generated 50,000 new jobs. Most socks from the industrial park carry price tags ranging from 100 yuan to 200 yuan....
E-bike manufacturer Yadea to raise $286m in Hong Kong
Edit China Daily 12 May 2016
Yadea Group Holdings Ltd, China's largest two-wheeled electric vehicle manufacturer by output, has launched a 1.86 billion yuan ($286 million) share offer in Hong Kong. The company plans to issue 750 million shares priced at between 1.72 and 2.48 yuan per share, and is expected to go public on May 19, it said on Wednesday ... At around 2,000 yuan per ......
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