\nChina pune presiune cresc\u00e2nd\u0103 pe companiile sale \u00een con\u00addi\u00ad\u0163iile \u00een care autorit\u0103\u0163ile \u0163\u0103rii \u00eencearc\u0103 s\u0103 profite de pe urma pan\u00addemiei pentru a-\u015fi \u00eent\u0103ri puterea industrial\u0103, scrie Bloomberg.<\/p>\n
\nDup\u0103 ce a permis supravie\u0163uirea firmelor ineficiente ani la r\u00e2nd, Beijingul permite de-acum intrarea acestora \u00een faliment. De\u00adfaulturile pe obliga\u0163iuni au urcat la un nivel record de 30 mi-liarde de dolari \u00een 2020, printre companii num\u0103r\u00e2ndu-se \u015fi unele care au contat anterior pe garan\u0163ii implicite din partea statului.<\/p>\n
\nSupervizarea \u015fi penalizarea agen\u0163iilor de rating de credit se intensific\u0103, \u00een timp ce bursele locale au delistat cel pu\u0163in 16 ac\u00ad\u0163iuni anul trecut, cel mai ridicat num\u0103r din 1999.<\/p>\n
\nTendin\u0163a se va accelera \u00een noul an \u00een condi\u0163iile \u00een care banca central\u0103 chinez\u0103 va \u00een\u0103spri condi\u0163iile financiare, f\u0103c\u00e2nd mai dificil\u0103 supravie\u0163uirea firmelor de stat sau private cu un cash flow inadecvat.<\/p>\n
\nRedresarea economic\u0103 \u015fi moneda local\u0103 puternic\u0103 confer\u0103 strategilor un spa\u0163iu sporit pentru a se concentra pe reducerea datoriilor din sistemul financiar, datorii situate la un nivel record de 277% din PIB.<\/p>\n
\nBeijingul a lansat \u00een ultimele luni mai multe m\u0103suri me\u00adnite s\u0103 creasc\u0103 eficien\u0163a pie\u0163elor de capital ale \u0163\u0103rii, c\u00e2t \u015fi ca\u00adlitatea companiilor sale. Pe m\u0103sur\u0103 ce China \u00ee\u015fi \u00een\u0103spre\u015fte atitudinea fa\u0163\u0103 de industrie, relaxarea controlului s\u0103u asupra pie\u00ad\u0163elor financiare le va permite investitorilor, mai degrab\u0103 de\u00adc\u00e2t statului, s\u0103 penalizeze companiile cu un management de\u00adficitar \u015fi s\u0103 r\u0103spl\u0103teasc\u0103 cre\u015fterea.<\/p>\n
\nTemerile privitoare la dependen\u0163a companiilor chineze de pie\u00ad\u0163ele americane pentru finan\u0163are au determinat probabil \u00een parte astfel de ac\u0163iuni, dar \u015fi strategia economic\u0103 a Partidului Co\u00admunist ce pune accent pe \u00eent\u0103rirea cererii in\u00adterne joac\u0103 un rol.<\/p>\n
\nDe\u015fi banca central\u0103 chinez\u0103 nu va majora probabil dob\u00e2nzile \u00een lunile urm\u0103toare, aceasta a semnalat \u00een mod repetat c\u0103-\u015fi va modera oferta de credit ieftin. \u00cens\u0103 consecin\u0163ele pentru cele mai vulnerabile companii pot fi brutale, iar o \u00een\u0103sprire excesiv\u0103 a politicii monetare ar putea afecta recuperarea economiei mondiale, a avertizat Fondul Monetar Interna\u0163ional.<\/p>\n
\nFinan\u0163area viitoarelor motoare de cre\u015ftere ale Chinei f\u0103r\u0103 o destabilizare a sistemului s\u0103u financiar cu un nivel ridicat de \u00eendatorare necesit\u0103 o reechilibrare atent\u0103 a celei de-a doua mari economii a lumii.<\/p>\n
\nPentru China \u015fi companiile sale, o mi\u015fcare de o astfel de amploare poate avea success dac\u0103 firmele ineficiente sunt l\u0103sate s\u0103 se pr\u0103bu\u015feasc\u0103, potrivit lui Carlos Casanova, economist pentru Union Bancaire Privee.<\/p>\n<\/div>\n
\n <\/p>\n","protected":false},"excerpt":{"rendered":"
China pune presiune cresc\u00e2nd\u0103 pe companiile sale \u00een con\u00addi\u00ad\u0163iile \u00een care autorit\u0103\u0163ile \u0163\u0103rii \u00eencearc\u0103 s\u0103 profite de pe urma pan\u00addemiei pentru a-\u015fi \u00eent\u0103ri puterea industrial\u0103, scrie Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[15146,6545,7664,7981],"class_list":["post-189551","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-avertizare","tag-china","tag-faliment","tag-firme"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/189551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=189551"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/189551\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=189551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=189551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=189551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}