习近平批准国有银行停止贷款万达

choi

(1) Lingling Wei and Chao Deng, 中国整顿海外收购是对热衷于借债扩张的民企老板的一次警告. 华尔街日报中文版, July 24, 2017.
http://cn.wsj.com/gb/20170724/biz113400.asp

the first three paragraphs:

"据知情人士透露，中国政府对国内最桀骜不驯的民营企业集团之一采取的约束行动是得到中国国家主席习近平批准的。这意味着政府对大型民营企业通过借债在海外扩张的大范围整顿是直接来自于政府高层的授意。

"此前中国政府要求国有银行停止向房地产巨头万达集团股份有限公司(Dalian Wanda Group Co.)的海外扩张项目发放贷款，这项决定是上个月经习近平批准做出的，媒体之前却并未报道这一情况。

"知情人士说，银行断贷标志着政府态度的转变，万达此前的一系列海外收购已被政府视为一种既不理性也报价过高的行为。

, which is translated from

(2) Lingling Wei and Chao Deng, China's Crackdown on Wanda Blessed by Xi. Wall Street Journal, July 24, 2017.
https://www.wsj.com/articles/chi ... approval-1500802203

The second and third paragraphs:

"The measures, with President Xi's previously unreported approval last month, bar state-owned banks from making new loans to property giant Dalian Wanda Group to help fuel its foreign expansion.

"The cutoff in bank financing for the company's foreign investments highlights that Beijing changed its view of a series of Wanda's recent overseas acquisitions and now see them as irrational and overpriced, these people say.

My comment: There is no need to read the rest.