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Top related persons:
Wen Jiabao - 1 Xi Jinping - 1 Wen - 1 Xi - 1 Peter Thal Larsen - 1 Sharon Lam - 1 Aditya Sriwatsav - 1 Moutai - 1
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Beijing China Shanghai New York China's Southwestern Guizhou United States BEIJING China's
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Thomson - 2 HK - 1 Guosheng Securities - 1 Citi - 1 Finance - 1 Reuters Graphics - 1 Financial Times - 1 Investment - 1

Search resuls for: "China's Southwestern Guizhou"


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☆ China’s growth is buried under great wall of debt
  + stars: | 2023-09-13 | by ( Yawen Chen | ) www.reuters.com   time to read: +8 min
Most of these 3,000-plus entities were created by local governments during the 2008 crisis to skirt a central government ban on direct state borrowing. These vehicles had already accumulated 80 trillion yuan of liabilities at the end of 2022, according to analysts at Guosheng Securities. At a more optimistic 30% discount, the proceeds would jump to 55 trillion yuan, which would cover all outstanding interest-bearing debt. S&P analysts calculate that about 20 trillion yuan of LGFVs’ loans may be at risk of restructuring. If Xi won't boost property wholeheartedly and is not able to count on consumers, his efforts to revive China’s growth have to focus on smashing the great wall of local debt.
Persons: Wen Jiabao, Xi Jinping, Wen, Xi, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, HK, Guosheng Securities, Citi, Finance, Reuters Graphics, Financial Times, Investment, Oxford Economics, Thomson Locations: Beijing, China, Shanghai, New York, China's Southwestern Guizhou, United States
☆ China's Moutai, Luckin launch alcohol-tinged latte to woo young Chinese consumers
  + stars: | 2023-09-04 | by ( Sophie Yu Brenda Goh | Sophie Yu | Brenda Goh | ) www.reuters.com   time to read: +2 min
BEIJING, Sept 4 (Reuters) - Kweichow Moutai (600519.SS) and coffee brand Luckin Coffee (LC0Ay.MU) on Monday launched in China a latte advertised as containing the fiery Chinese spirit baijiu, as the Chinese luxury liquor maker aims to pull in younger consumers. The companies said the latte alcohol content was lower than 0.5% of its volume. By Monday afternoon in Beijing and Shanghai, Luckin's app showed that the drink had sold out at several stores. "Moutai and Luckin are the leading enterprises in the domestic liquor and coffee sectors, respectively," Zhu said. ($1 = 7.2640 Chinese yuan)Reporting by Sophie Yu and Brenda Goh; Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Moutai, Kweichow Moutai, Zhu Danpeng, Zhu, Luckin, Sophie Yu, Brenda Goh, Gerry Doyle Organizations: Monday, Weibo, Luckin, Nasdaq, Thomson Locations: BEIJING, China, China's, Guizhou, Beijing, Shanghai
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