The increase in debt levels comes after a campaign by Chinese authorities in recent years to reduce corporate borrowing levels. Photo: Xinhua

China eases on the gas pedal to cut debt as the level of corporate borrowings dropped in 2018

  • ‘Modest erosion’ in debt-to-earnings levels in 2018 expected to continue this year, S&P says
  • Mining, retail among sectors that have seen the most deterioration, the rating agency says
Topic |   China economy

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The increase in debt levels comes after a campaign by Chinese authorities in recent years to reduce corporate borrowing levels. Photo: Xinhua
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A ship unloads its cargo from Asia at the Port of Long Beach, California. The trade war between the US and China will not be resolved quickly, according to S&P Global Ratings, even if a deal is reached at the Apec Forum in Chile next month. Photo: AFP

Mergers and acquisitions will pick up in coming years as supply chains scramble to recalibrate after US-China trade war

  • Of deal makers surveyed, 77 per cent expect tariffs, other trade barriers to fuel future mergers, according to Baker Tilly International and Mergermarket
  • Value of global deals was down 11 per cent to US$2.49 trillion in first nine months of 2019
Topic |   US-China trade war

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A ship unloads its cargo from Asia at the Port of Long Beach, California. The trade war between the US and China will not be resolved quickly, according to S&P Global Ratings, even if a deal is reached at the Apec Forum in Chile next month. Photo: AFP
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