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Jul 13, 2011

China to see bumpy patch, but no crisis, on local debt

SHANGHAI (Reuters) – However you slice and dice it, a sizeable chunk of China’s local government debt will likely go bad over the next few years. But that will not be anything the world’s second-largest economy can’t muddle through.

Something of a war of words has emerged over just how much China’s provincial and city governments owe their creditors for the infrastructure and other projects they have rushed out over the past several years, helping their own economies flourish amid a global downturn.

Jul 13, 2011

Analysis: China to see bumpy patch, but no crisis, on local debt

SHANGHAI (Reuters) – However you slice and dice it, a sizeable chunk of China’s local government debt will likely go bad over the next few years. But that will not be anything the world’s second-largest economy can’t muddle through.

Something of a war of words has emerged over just how much China’s provincial and city governments owe their creditors for the infrastructure and other projects they have rushed out over the past several years, helping their own economies flourish amid a global downturn.

Jul 11, 2011

China local government bonds start to fall on risk aversion

SHANGHAI, July 11 (Reuters) – Yields on bonds issued by
local government financing vehicles (LGFVs) have recently spiked
amid increasing jitters over the capacity of some of them to
repay their debt, propelled partly by an official clampdown on
the red-hot property market.

China’s mountain of local government debt has long been seen
as a major risk by investors. The worry is that slower growth in
the world’s second-biggest economy could set off a wave of loan
defaults and hobble its banking system.

Jul 5, 2011

Baidu picks Microsoft for English search

SHANGHAI/LONDON (Reuters) – China’s Baidu is to partner with Microsoft for English-language search, giving the U.S. software giant a chance to expand its tiny Web presence in a market Google has stepped back from, and helping the Chinese company’s international ambitions.

The tie-up will direct English searches from Baidu to Microsoft’s Bing, which will deliver the results back to Baidu’s Web pages, Baidu said in an emailed statement on Monday.

Jul 4, 2011

China’s Baidu ties up with Microsoft to power English search

SHANGHAI, July 4 (Reuters) – Baidu , which has
three-quarters of China’s search market, signed a deal with
Microsoft’s Bing to offer English-language search to
Baidu users, as it eyes an overseas expansion and Microsoft aims
to increase its presence in the world’s largest Internet market.

Baidu dominates China’s search-engine market after Google
Inc pulled out last year following a high-profile
fallout with Beijing over censorship.

Jul 4, 2011

Baidu says Microsoft’s Bing to power its English search

SHANGHAI (Reuters) – Baidu, which has three-quarters of China’s search market, signed a deal with Microsoft’s Bing to offer English-language search to Baidu users, as it eyes an overseas expansion and Microsoft aims to increase its presence in the world’s largest Internet market.

Baidu dominates China’s search-engine market after Google Inc pulled out last year following a high-profile fallout with Beijing over censorship.

Jun 30, 2011

PBOC bill auction yields up; rate rise expectations factored in

SHANGHAI, June 30 (Reuters) – The yields on the People’s
Bank of China’s bills rose at an auction on Thursday, keeping
expectations of an official interest rate rise alive, although
analysts said the yield rises were more related to the PBOC’s
eagerness to resume normal open market operations.

Talk of a rate hike has been swirling in the market since
late May, when news spread that consumer inflation might be
hitting a fresh high. The government later reported annual
inflation in May did hit a 34-month high of 5.5 percent.

Jun 28, 2011

China’s Yurun stock plunges on Muddy Waters rumors

SHANGHAI/NEW YORK (Reuters) – China Yurun Food Group Ltd shares suffered their biggest-ever fall on Monday on market talk that it would be the next target of

widely followed short-seller Muddy Waters, whose reports have decimated shares of Chinese companies traded in North America.

Jun 27, 2011

Chinese meat firm Yurun plunges on Muddy Waters rumors

SHANGHAI/NEW YORK (Reuters) – China Yurun Food Group Ltd (1068.HK: Quote, Profile, Research, Stock Buzz) shares suffered their biggest-ever fall on Monday on market talk that it would be the next target of widely followed short-seller Muddy Waters, whose reports have decimated shares of Chinese companies traded in North America.

Carson Block, director of research at Muddy Waters, said it is “not in our interest to comment” on its plans, but said a “widespread market rumor would either represent a significant failure on our part, or is false.”

Jun 27, 2011

Chinese meat firm Yurun plunges on talk of Muddy Waters report

HONG KONG/SHANGHAI (Reuters) – China Yurun Food Group Ltd (1068.HK: Quote, Profile, Research, Stock Buzz), a meat processor that has seen some of the world’s most well known investors among its shareholders, sufferedof publiclyst ever fall on Monday, hit in part on market talk that it was the target of Muddy Waters, a now famous short-seller whose negative reports have decimated shares of publicly traded Chinese companies listed overseas.

Shares of listed Chinese companies, from Toronto to New York, have taken a beating recently on concern over their accounting practices amid a spike in scandals and shareholder lawsuits alleging fraud.

    • About Jason

      "Jason leads Reuters' coverage of China's financial markets from Shanghai. Prior to moving there at the start of 2010, he reported on the Chinese economy and policy from Beijing, where he lived for a decade."
      Joined Reuters:
      2005
      Languages:
      Mandarin, German
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