Anyone who thought that China’s over-extended municipalities would eventually go bankrupt will be disappointed this week. China’s Banking Regulatory Commission is considering extending that debt out a few more years, China Daily reported Tuesday, citing

SHANGHAI -- China is considering allowing banks to roll over loans to local governments, giving them more time to repay massive debts from stimulus spending for the 2008 financial crisis, state media said Tuesday. Local governments cannot borrow directly

BEIJING (Reuters) - China's clean-up of $1.7 trillion (1.08 trillion pounds) of local government debt must boost the credit worthiness of loans on bank books without changing underlying lending policy, a source with direct knowledge of the matter said on

From Page 1 Greece needs the international funds before March 20 to meet debt repayments of €14.5 billion, or suffer a chaotic default, which could spread across the entire eurozone. “While we did see an upward shift in risk assets early in Asian trading

February will see a rebound, but second half may be problematic BEIJING/SHANGHAI - China's exports in January registered a decline from a year ago - the first monthly fall in more than two years - as demand from the debt-stricken European markets continu

CHINA'S inflation rose to a three-month high in January, an unexpected increase that was mainly due to higher food prices. The Consumer Price Index, the main gauge of inflation, rose 4.5 percent from a year earlier last month, up from December's 4.1 perc