Bond Defaulter Brilliance Auto Faces Lawsuits Over $457 Million

Caixin Global | Apr 7, 2021 at 9:47 AM

China’s state-owned carmaker Brilliance Auto Group Holdings Co. Ltd., which rattled the country’s bond market last year with a high-profile default, faces a pile of lawsuits claiming unpaid debts totaling almost 3 billion yuan ($457 million), as the company struggles with a restructuring.

SsangYong Motor set to go under court receivership

The Korea Times | Apr 7, 2021 at 9:36 AM

The move came after the ailing company de facto failed to sign an investment contract with U.S. car retailer HAAH Automotive, its latest negotiating partner, leaving the KDB with no other choice but to reach an agreement with the court over the legal procedure.

China looks forward to the RCEP coming into force

Beijing Review | Apr 7, 2021 at 2:00 AM

Jilin Province enjoys bustling trade with the 10-member Association of Southeast Asian Nations (ASEAN) and four other Asia-Pacific economies, all of whom signed the Regional Comprehensive Economic Partnership (RCEP) agreement together with China last year, creating the largest free trade bloc in the world.