Bloomberg Markets
Huachen Energy Co. plans to present a proposal to restructure its bonds, including $627 million in dollar-denominated notes, to investors as early as August, according to people familiar with the matter, as the Chinese power producer makes a fresh bid to ease liquidity pressure.
The Guardian
China’s leader wants to promote his alternative to the current world order, and his efforts are being assisted by a capricious US Xi Jinping meets Bangladesh’s new prime minister on Friday, the latest in a wave of world leaders to visit Beijing this year as the Chinese leader builds his influence and economic ties, and seeks to “shift the balance of power” away from the west.Xi’s meeting with Tarique Rahman comes less than two weeks after the Chinese leader welcomed Myanmar’s military chief-turn