This tag is associated with 2 posts

De-Dollarization: Russia Wants Firms To Default On Western Loans, Ban Firms From Using FX/FX Loans

By Pepe Escobar Let’s start with some classic Russian politics. Finance Minister Anton Siluanov is drawing up Russia’s economic strategy for 2016, including the government budget. Siluanov – essentially a liberal, in favor of foreign investment – will present his proposals to the Kremlin by the end of this month. So far, nothing spectacular. But then, … Continue reading

China Planning To Slash Number Of Central Govt-Owned Enterprises To 40

China is likely to cut the number of its central government-owned enterprises to 40 through massive mergers and acquisitions as Beijing pushes forward a sweeping plan to overhaul the country’s underperforming state sector, according to a report on Monday from China’s Economic Information Daily. China’s central government currently owns 112 conglomerates, including 277 public firms which are listed on the … Continue reading

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