Category Archive for 'Liability management'

A large part of my newsletter earlier this week discussed emergent scandals in the railway industry and their implications for the overinvestment debate, and this was even before the Alibaba scandals broke, but I think a lot more interest this week surrounded the inflation numbers.  Last week the National Bureau of Statistics released inflation data [...]

There is an interesting article in yesterday’s Xinhua headlined “Capital shortages top risk for China’s SOEs.”  This seems at first counterintuitive given China’s rapid reserve accumulation, but the explanation may be in the article itself.  According to the article:   Lack of capital was the biggest risk facing China’s centrally-administrated State-owned enterprises (SOEs), according to [...]