Huarong Fallout Makes Provincial State Firms Even Less Popular

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  • Bloomberg Markets and Finance published this video item, entitled “Huarong Fallout Makes Provincial State Firms Even Less Popular” – below is their description.

    May.25 — Some of China’s local state-owned enterprises are struggling to sell bonds. Investor confidence has been hurt by the apparent lack of central government support for China Huarong Asset Management Co. as authorities signal that poorly run SOEs and local government financing vehicles won’t be automatically bailed out. Bloomberg’s Rebecca Choong Wilkins reports on “Bloomberg Daybreak: Asia.”

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    China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

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