"Some analysts expect the People's Bank of China to cut banks' reserve requirements, freeing up funds that can be used for lending. Others think authorities will rely on the type of stimulus spending they've used in the past."
"The largest private steel manufacturer in the northern province of Shanxi has become ensnared in deep debt troubles as the whole industry struggles with overcapacity."Highsee Iron and Steel Group Co. Ltd. has seen its capital chain broken and creditors including banks line up to try to get their money back, sources with knowledge of the situation said. Highsee's problems are typical in a sector where a huge debt problem is only beginning to reveal itself, an industry observer said..."