Also, many believe that moves to ease bad loan burden

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BEIJING nike air presto grey australia , Jan. 15 (Xinhua) -- A series of cultural activities will be held in China and Qatar in 2016 as part of a "Cultural Year"
between the two countries, according to the Ministry of Culture on Friday.


The event will feature 27 live performances, exhibitions, films and TV program screenings and other activities in fields such as photography,
literature nike air presto white australia , and sports.

China will sponsor 17 activities, including an exhibition on contemporary Chinese arts curated by renowned artist Cai Guoqiang and a screening of a movie
jointly produced by the two countries. Qatar will sponsor 10 activities,
including exhibitions on pearls and the country's contemporary arts.


"Qatar was an important hub on the ancient Silk Road ... and is also a key country in realizing the 'Belt and Road' strategy. This year's event will help
bridge cultural exchange and cooperation between the two countries," ministry
official Lu Yanfei said Friday at a press conference.


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China's first batch of debt-to-equity swaps is expected to "resolve" 1 trillion yuan ($154.38 billion) in potential bad banking debt in three years or
less www.nikeprestoaustralia.com , media group Caixin reported on Monday, citing an unnamed policy banking source.


In a cover story in its weekly magazine, Caixin cited a single "high-level" source at China Development Bank, a policy bank under the direct supervision of
the State Council, regarding the scope of the programme without stating how the
person had knowledge of the plans.


Calls to China Development Bank were not answered. Monday was a state holiday in China.


Last month nike air presto australia , people with direct knowledge of the policy told Reuters that China's central bank is drawing up regulations to allow commercial lenders
to swap non-performing loans of companies for stakes in those firms.


The programme could reduce commercial banks' non-performing loans, which surged to 1.27 trillion yuan at the end of 2015, although analysts have
suggested it will reduce banks' capacity for new lending to stronger borrowers.


Also, many believe that moves to ease bad loan burdens at China's big banks may be of only marginal help in the near term.


Swapping debt into equity in a troubled borrower might get bad loans off lenders' books, but as China Construction Bank Chairman Wang Hongzhang warned
last month air presto australia , there was a danger of simply converting "bad debt into bad equity".


The Caixin report, citing several unnamed bankers, said China Development Bank, Bank of China , Industrial and Commercial Bank of China  nike presto australia , China Merchants Bank and others had been selected for trial moves in programme's first round of swaps.


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Posted 28 Nov 2018

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