debt
Businessman Deposits 200,000 Yuan in Coins
| Mia Ren | | Apr 14, 2017 11:15 PM EDT |
A bank in Henan province received 50 boxes of change worth more than 200,000 yuan from a businessman.
China Oceanwide to Acquire Genworth Financial for $US2.7-B
| Ellie Froilan | | Oct 24, 2016 04:09 AM EDT |
China Oceanwide Holdings Group Co. will acquire Genworth Financial Inc. for $2.7 billion in cash to extend aid to the U.S. firm in managing as persistent low interest rates and rising costs stumble down its business.
China's Unsustainable Debt can Lead to Financial Outburst in the Long Run: Experts
| Maria Crisanta Echeverria | | Apr 24, 2016 01:38 PM EDT |
China's total debt increased to 249 percent of its gross domestic product (GDP) in the first quarter of this year. According to some economists, this could result in a prolonged slowdown of the country's economic growth.
Soros Expresses Concerns About Growing Chinese Debt
| Rina S. | | Apr 23, 2016 11:08 AM EDT |
China announced that its economy grew by 6.7 percent. However, the concerns about its economy still persist. Billionaire investor George Soros said that the current situation of the Chinese economy is akin to the 2008 financial crisis in the United States.
Joey Yung’s Father Absolves Her From Paying His Debts
| Qi Qin | | Nov 08, 2014 01:38 PM EST |
Hong Kong singer Joey Yung's father has written a letter of commitment absolving her from paying off his debts.
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