Li Yang News
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China is the opposite of other major economies when it comes to companies’ ability to raise money by issuing bonds.
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Chinese companies have accumulated “alarming levels” of debt and will have difficulty with payments in an economic downturn, Xinhua News Agency said, citing Li Yang, vice president of the Chinese Academy of Social Sciences.
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China International Capital Corp. , the nation’s top-ranked investment bank last year, is set to become the first domestic securities firm to take control of a trust, said a person with direct knowledge of the matter.
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China’s aluminum surplus is likely to narrow next year, as strong growth in consumption will absorb an increase an output, according to Beijing Antaike Information Development Co.
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When it comes to economic relations with China, U.S. political leaders are responding to the problems of yesterday rather than preparing for tomorrow.
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China’s foreign-exchange reserves continued to fall through this month, Li Yang, a former adviser to the nation’s central bank, told an economic forum today.
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Former Chinese central bank adviser Li Yang said the trend for a slowing of the nation’s economy has already formed so that increases in interest rates and reserve ratio requirements for banks are unlikely, the China Securities Journal reported today.
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The yuan declined for a third straight day on speculation China will slow the pace of appreciation as inflation cools.
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China will have “no problem” achieving economic growth of 9 percent this year, the Securities Times cited Li Yang, deputy head of the Chinese Academy of Social Sciences, as saying.
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