Many privately held firms in Shandong, China's third-biggest province by ec...
BEIJING - Many privately held firms in Shandong, China’s third-biggest province by economic output, are struggling to repay short-term debt due to declining industry fundamentals, entangled cross guarantees and ill-managed investments, S&P Global Ratings said.
“The Shandong economy is skewed toward gritty smoke-stack industries where companies are typically highly leveraged,” said Chang Li, China country specialist for S&P Global Ratings. Reuters reported in February, citing court rulings, that at least 28 private companies in Dongying, a hub for oil refining and heavy industry in Shandong, are seeking to restructure their debts and avoid bankruptcy, mainly due to souring loans that they guaranteed for other firms.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Russia does not want to exploit US-China trade war, finance minister saysRussia is not seeking to capitalize on trade tensions between the U.S. and China, according to Finance Minister Anton Siluanov.
Lire la suite »
National Zoo says bye bye to Bei Bei: 4-year-old panda to leave for ChinaBei Bei, one of three giant pandas at the Smithsonian's National Zoo in Washington, is scheduled to leave the nation's capital on Tuesday, Nov. 19 to live in China, zoo officials said.
Lire la suite »
Bei Bei set to leave for China to help breed Panda specieFour-year-old giant panda Bei Bei, born and raised in Washington's National Zoo, will soon return to China to help with the country's panda repopulation efforts.
Lire la suite »
China to further reduce tariffs and remove non-tariff barriers for foreign investors: XinhuaChinese Vice Premier Han Zheng vowed to further reduce tariffs and remove non-ta...
Lire la suite »
NBA Boss Adam Silver: Losses Have Been ‘Dramatic’; China Called For Firing Daryl MoreyNBA commissioner Adam Silver said the financial consequences of the fallout with China were 'dramatic.'
Lire la suite »