20 Nov 2020
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Last week, Yongcheng Coal and Electricity Holding Group Co., a Henan provincial SOE, sent the bond market into a tizzy when it defaulted on a RMB 1 billion bond.
Things continue to look grim for the beleaguered firm.
According to 21st Century Biz, Yongcheng met its bondholders on Thursday to ...
April 19, 2024
Policymakers continue to drive forward with efforts to make payments easier for foreigners. The latest: On Monday, the central bank (PBoC), commerce ministry (MofCom), and foreign exchange regulator (SAFE) issued yet another policy on improving payment convenience for foreigners –… Read More »
April 19, 2024
China wants to take its friendship with Indonesia to new heights. On Thursday, top diplomat Wang Yi stopped off in Indonesia, where he held talks with: Outgoing President Joko Widodo (aka Jokowi) President-Elect Prabowo Subianto Foreign Minister Retno Marsudi ICYDK:… Read More »
April 19, 2024
After steel, aluminum, and shipbuilding, is Chinese solar next on the US government’s hit list? On Thursday, Reuters reported that the Biden administration is considering reversing a 2022 policy that allows tariff-free imports of bifacial solar modules – which currently… Read More »