China won the bulk of a World Trade Organization complaint against certain US methods of determining anti-dumping duties on Chinese products in a WTO dispute panel ruling released on Wednesday, Reuters reports. China brought the complaint in December 2013, one of a string of disputes challenging Washington’s way of assessing “dumping.” Specifically, the panel found fault with […]
Category: Commodities
Money-losing Yunnan Tin Group, owned by the Yunnan provincial government, has signed an agreement with China Construction Bank under a program that allows SOEs with good prospects to exchange their debt for equity investment with the direct involvement of banks. The deal will entail the conversion of $1.5 billion of bank debt into equity, according […]
A surge in overseas lending has left Chinese policy banks highly exposed to countries at risk of default, forcing a rethink that could reshape its engagement with developing economies. A Financial Times analysis shows that six of the 10 biggest recipients of Chinese development finance between 2013 and 2015 are considered to be most at […]
Dongbei Special Steel, a debt-ridden state-owned enterprise backed by the Liaoning provincial government, has started bankruptcy proceedings following the apparent suicide of its former chairman, defaults on 5.8 billion yuan of bonds and fruitless debt-to-equity swap talks with bank creditors. The company’s failed attempts to avoid bankruptcy in the last six months since its first […]
China’s Commerce Ministry has expressed concern and regret after the European Union set provisional import duties on two types of Chinese steel coming into the bloc, calling its investigation methods “unfair,” Reuters reports. The duties announced on Friday are the latest in a line of trade defenses set up against Chinese steel imports over the past […]