Notes From All Over, Part 3 -- China's Challenges -- October 23, 2019

Anyone following the "China story" know that Trump's tariffs/sanctions have really, really hurt. We've discussed it often on the blog -- I said we would know how bad it was when Chinese bankers started jumping out of windows.

Well, this is pretty close to bankers jumping out of windows.

"China is struggling to offload foreign assets, from yachts to pizza." -- Bloomberg. Link here.

China Inc. is struggling to offload overseas businesses and the accompanying debt in an increasingly volatile market.

In just a few weeks, companies from yacht makers to luxury clothing and pizza outlets -- acquired by Chinese firms in recent years -- have either scrapped planned initial public offerings or sought alternatives to reduce their debt piles.

Chinese firms started selling off assets two years ago when the government tightened curbs on capital outflows and stepped up scrutiny on foreign acquisitions. Geopolitical factors from the U.S.-China trade war to Brexit and protests in Hong Kong and Chile are hurting sentiment in dealmaking on uncertain outlook.