The number of trust products tied to China’s flagging coal miners maturing this year will almost quadruple, as rising borrowing costs for the industry make it harder to avoid defaults.
Defaults in China’s $1.8 trillion trust industry are triggering protests and spurring calls from legal experts for clearer rules on sales of investment products.
Many granaries in Jilin province, China’s largest corn producing area, are struggling with “empty warehouses” as they can’t get enough corn because of competition from processing companies, the National Business Daily said today.
Niu Dianqing stopped his motorbike at a construction site in China’s Inner Mongolia one morning last month. The front door was locked.
Yuan forwards fell to a five-month low on signs the central bank is seeking to weaken the currency at a time of slowing growth and mounting credit concerns in the world’s second-largest economy.
Coca-Cola Co., the world’s largest soft-drink maker, said tests showed that a child’s death after drinking one of its beverages in Changchun, China, wasn’t caused by the product.