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Distressed Debt In China: The Worst Is Yet To Come, DAC Management Says

The worst could be yet to come for distressed debt in China, according to DAC Management, according to a report from Bloomberg.

Bad debts in China are “well underestimated” as a result of Chinese authorities persistently propping up weak firms and bailing out local investors, according to DAC Management, as Bloomberg reports. 104 more words

Emerging Markets

What really happened in Beijing: Putin, Obama, Xi — and the back story the media won’t tell you

Source: Salon

By way of events on the foreign side, the past few weeks start to resemble some once-in-a-while event in the heavens when everyone is supposed to go out and watch as the sun, moon and stars align. 241 more words

Financial/Societal Collapse And Dependence

Xi Jinping Addresses Australian Parliament

At the invitation of Australian Prime Minister Tony Abbott, China’s President Xi Jinping took his proposal for a new order in Asia to the representatives of the Australian people. 682 more words

China

China Transitioning Through “Period Of Pain”; Shadow Banking, Overcapacity Are Major Issues: Vice Finance Minister

As China shifts gears towards a slower and more sustainable growth in President Xi Jinping’s “new normal”, its economy is going through a “period of pain” and the rapid expansion of the nation’s shadow banking sector alongside overcapacity are major problems, China’s Vice Finance Minister Zhu Guangyao told Reporters at the G20 Leaders Summit in Australia on Saturday, Reuters reports. 240 more words

Emerging Markets

Chinese Radio International Interviews Helga Zepp-LaRouche on APEC Summit

Schiller Institute founder Helga Zepp-LaRouche gave an interview Nov. 11 to China Radio International, China’s international English-language broadcasting service, on the new prospects for mankind opened up by China’s leadership of the just-concluded Asia-Pacific Economic Co-Operation (APEC) Summit in Beijing. 1,160 more words

China

Obama Chewing gum

The Daily Show with Jon Stewart is the only American talk show I watched. Although I don’t know too much about American policy, I really enjoy how Jon judges the government, the politicians, and the other TV stations in his humorous way. 326 more words

Obama tells Xi: US, China have big stake in each other’s success

Obama added that China and the United States have important differences, but he was encouraged by Xi’s willingness to engage constructively, and that the two countries have an enormous stake in each other’s success. 107 more words

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