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January, 21, 2017

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Business > Asia > China
Chinese authorities unveiled plans Monday to let companies use debt-for-equity swaps to cut soaring debt levels that economists warn might hamper the country's already slowing growth.
 
China has accused the European Union of hurting competition by imposing anti-dumping duties on Chinese steel, ratcheting up growing global tensions over a flood of low-cost Chinese exports.
 
Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday -- a positive sign for the world's second-largest economy.
 
Chinese conglomerate Wanda is considering ramping up its push into Hollywood with the acquisition of the production company behind the Golden Globes, the U.S. firm said Monday.
 
China is expected to announce plans to merge the country's top steelmakers this week, according to media reports, creating the world's second-largest manufacturer of the commodity, as markets struggle with a glut caused by Chinese overcapacity.
 
A key gauge of China's debt has reached its highest level on record, setting off alarm bells of imminent risk to the banking system, a Swiss banking watchdog reported.
 
China's rice, wheat and corn subsidies are in line with WTO rules, Beijing's commerce ministry said after Washington launched legal action against what it says are "unfair" trade incentives worth US$100 billion.
 
China vows to cut aluminum output, but producers plan growth
China's leaders are promising to rein in aluminum production that is flooding global markets and threatening jobs in the United States and Europe, but its producers have ambitious plans to expand.
 
China's industrial output and retail sales growth accelerated in August, government statistics showed Tuesday, with both of them exceeding expectations in encouraging signs for the world's second-largest economy.
 
China's porters struggle amid industry change
When Li Ming left the Chinese countryside and moved to the city to look for work more than 30 years ago, grueling manual jobs were plentiful.
 
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