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: Asia Business IntelligenceMore on Closing Chinese Factories
Chinese banks, despite State prodding to the contrary, refuse to lend to struggling factories. At least, that is what Bloomberg writes.
``It's wishful thinking for the government to try to talk banks into lending to stimulate the economy,'' says Li Qing, a Shanghai-based analyst at CSC Securities HK Ltd. ``Banks are holding onto their purse not because they are bound by the quota, but because they are expecting mounting defaults and failures.''
Hold on to your ?? ?hats?!
Full post as published by Asia Business Intelligence on November 05, 2008 (boomark / email).
Jevic Transportation
allegedly failing to give 60 days warning before closing plant.
Chinese Drywall Lawsuit Filed Against Nevada Home Builders
Chinese Drywall Lawsuit Filed Against Nevada Home Builders
Chinese Drywall
Homeowners Complain of Sulfur Smell, Corroded Pipes
Breakthrough Settlement Reached In Chinese Drywall Litigation
Chinese Drywall Litigation Breakthrough Settlement Reached
Feature Film Piracy
Chinese company settles piracy suit with Hollywood studios.
Newspaper Employees
Chinese Daily News must pay $5.19 million class action settlement for failing to pay overtime.
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