exceed the Great Depression if deleverage starts,Valdai Club expert Alexander Losev warns.

nations to help indebted countries deleverage at a time when multilaterism is the most potent challenge

amid deleveraging efforts, according to a national financial think tank. The National Institution

for 2022, and analysts are expecting the focus to shift to supporting growth from deleveraging and

The medium industries registered a robust growth of 49 per cent in September 2021, up from 17.5 per cent a year ago.... Credit to micro and small industries got traction with growth accelerating to 9.7 per cent in September 2021 from a contraction of 0.1 per cent a year ago.... Credit to large industries continued to contract at 1.0 per cent in September 2021 as compared to a contraction of 0.2 per cent a year ago....

SHANGHAI: The most important word that has emerged from this year’s Central Economic Work Conference is “ stability ”, which means the economic work in 2022 will prioritise stability while pursuing progress.... To achieve such goals, China will continue to implement proactive fiscal policy and prudent monetary policy next year, and this has been decided at the meeting.... Why China chose to adopt such a macroeconomic policy mix and whether stable growth can be better guaranteed in 2022 are mat

KUALA LUMPUR: WCT Holdings Bhd’s strong construction order book of RM5. 4bil at end-June 2021 provides earnings visibility over the next four years, Malaysian Rating Corporation( MARC) said.It said on Friday that WCT’s infrastructure contracts are largely from the government or government-linked companies, counterparty credit risk is substantially mitigated.“ Its major non-government linked contract, the RM2. 97bil superstructure contract for the Pavilion Damansara mixed-development, is related-

SHANGHAI: China Evergrande Group says it had made initial progress in resuming construction work with its chairman vowing to deliver 39, 000 units of properties in December, compared with fewer than 10, 000 in each of the previous three months. Evergrande is the world’s most indebted property developer, with over US$ 300bil( RM1.2 trillion) in liabilities.It is struggling to repay bondholders, banks, suppliers, and deliver homes to buyers, epitomising a bloated industry suffering from the Chines

SHANGHAI: Beijing won’t allow the turbulence surrounding China Evergrande Group to turn into a systemic crisis, according to the chief executive officer of Standard Chartered Plc said, adding that the Asia-focused lender has no “ concerning exposures to the property sector.” “ This idea that this was something of a Lehman moment for China: I don’t think China’s frankly that dumb, ” Bill Winters said in an interview with Bloomberg Television on Tuesday. Meanwhile, the International Monetary Fund

NEW YORK: SP Global Ratings has downgraded Las Vegas Sands Corp to junk, citing a slower recovery in the Macau gaming market after Omicron cases brought a fresh round of business shutdowns.SP now rates the company BB+, one step below investment grade, according to a report. The gaming company is still rated high-grade by Moody’s Investors Service and Fitch Ratings, which means one of those graders would also need to cut Las Vegas Sands’ ratings for its debt to fall out of investment-grade bond i