Hints and tips:
...“Local governments have run out of options to have a balanced budget,” said Bo Zhuang, a Singapore-based economist at asset manager Loomis Sayles....
Chinese leader sought to persuade visiting businessmen that country still a good investment
...Xuchang Bo’ao Runkang Medical Diagnostics Laboratory in central Henan province warned this week that it would be forced to stop processing testing samples because orders back to January had not been paid...
...Bo Zhuang, a Singapore-based analyst at Loomis Sayles, an asset manager, added: “This is a conundrum the current policy mix can’t solve.”...
...“Creditors are racing to take Evergrande to court so they can be in a better position to get their money back in the event of a debt restructuring,” said Bo Zhuang, a Singapore-based analyst at asset manager...
...Even with the country reopening and the government easing its leverage limits to stir growth, “the economic fundamentals are too weak to support a dramatic turnaround in real estate”, said Bo Zhuang, a Singapore-based...
...“It is common for Chinese developers to allocate sales proceeds earmarked for particular projects for other uses, ranging from debt payments to land purchases,” said Bo Zhuang, a Singapore-based economist...
...Yu noted the target start-ups must also have Rmb400m of annual sales in China to meet the threshold for filing....
...“The decoupling of Chinese bonds from the rest of the world could make them riskier in the long run,” warns Bo Zhuang, a Singapore-based sovereign analyst at Loomis Sayles....
...“Borrowers will be more likely to default when they pay 25 per cent interest to a small lender than 18 per cent to Ant,” said Bo Zhuang, an economist at TS Lombard, a London-based consultancy....
...Bo Zhuang, an economist at investment firm TS Lombard, said China’s local governments often forced state-owned enterprises to make ill-judged acquisitions....
...Bo Zhuang, a Singapore-based analyst at Loomis Sayles, said local governments were “hugely underestimating” the economic damage caused by lockdowns, which have disrupted logistics networks and frozen intercity...
...She was referring to telephone bids made through Xin Li-Cohen, Christie’s deputy chair and a point person for the continent’s billionaires....
...A director at Heng cheng xin Group, a Beijing-based engineering consultancy that helped set the price for the Huaneng coal power plant, said the cost was “a reasonable figure”....
...With additional reporting by Sun Yu in Beijing...
...“It won’t be a problem if a couple of big developers go under,” said Bo Zhuang, a Singapore-based analyst at Loomis Sayles, an asset manager....
...“We made women, especially ordinary ones, retire earlier so they could spend more time caring for the family,” said Yuan Xin, a Tianjin-based demographer and government adviser....
...“Xiong’an is a product of central planning that goes against market principles,” said Zhuang Bo, chief China economist at TS Lombard, a London-based consultancy....
...“This goes against common sense,” said Zhuang Bo, chief China economist for TS Lombard, the research group....
...Additional reporting by Xueqiao Wang in Shanghai, Sun Yu in Beijing, and Alice Woodhouse in Hong Kong...
...“A Rmb100bn [$15.3bn] company won’t be less likely to default on debt than a Rmb10bn one just because of a difference in size,” said Bo Zhuang, chief China economist at TS Lombard, a research group....
...“At a time of massive job losses,” said Bo Zhuang, an analyst at TS Lombard, a consultancy, “government agencies are the best places to work given the iron rice bowl it provides”....
...“The likes of Ant Group have grown by so much that the government now sees them as a drag on, rather than a driver of, the economy,” said Bo Zhuang, an economist at TS Lombard....
...“The best way to survive in a tough business environment is to keep cash in hand and pay suppliers as late as possible,” said Bo Zhuang, an analyst at TS Lombard....
...It is owned by Lawrence Yu, a prominent Hong Kong businessman, and if you have a connection to someone in the know, you’ll be able to make a reservation. It is booked entirely by word of mouth....
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