At the heart of this credit-deterioration process is the way in which the form and structure of economy activity in China has evolved over the past ten to twenty years.
China s Overextended Real Estate Sector Is a Systemic Problem - Carnegie Endowment for International Peace carnegieendowment.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carnegieendowment.org Daily Mail and Mail on Sunday newspapers.
A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 has been sentenced to 13 years in prison for a multibillion-dollar string of financial offenses, and his company was fined $8.1 billion, a court announced.
The Fiji Times » China sentences tycoon Xiao Jianhua to 13 years, fines his company $8 1 billion fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.
In the most glaring lesson yet to the country's upstart nouveau-riche oligarchs, a Chinese court has sentenced Xiao Jianhua, the billionaire founder of Tomorrow Group known for managing assets for descendants of prominent Chinese leaders, to 13.