China Briefing News

Chinese Ministries Not Paying Their Bills, China Eastern Cancels 24 Dreamliners

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Oct. 19 – China’s CNR Corporation, a state-owned enterprise that manufactures trains, is having to issue RMB2 billion in one-year bonds in order to finance debt it is owed from the Ministry of Rail, according to the South China Morning Post. CNR, who are listed in Shanghai, had a negative second quarter in 2011, resulting […]

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