China’s swelling local-government debt is spurring speculation that authorities could sell some of their holdings of listed shares, estimated by UBS AG to total at least 5 trillion yuan ($820 billion), to make repayments.
Zoomlion Heavy Industry Science and Technology Co. gained in Hong Kong trading after a Chinese daily apologized for publishing unverified stories questioning the finances of the construction-machinery manufacturer.
A Chinese journalist detained by police from Hunan province for allegedly defaming a state-owned company said he accepted payments in exchange for releasing fabricated reports, China Central Television said.
Five men in China’s Hunan province have been arrested for allegedly spreading false information online in a blackmail scheme targeting government officials, the official Xinhua News Agency reported, citing local prosecutors.
Huaneng Power International Inc. plans to invest 1.66 billion yuan ($271 million) in a gas-power project and a wind farm in China as the nation seeks to reduce carbon-emissions from fuels such as coal.
Yang Feng takes a drink from his water bottle as he rests in the shade of a tree near the foot of the Poly International Plaza building where he’s installing lights on the roof of the $653-million real estate development in the central Chinese city of Changsha.