BEIJING — A two-story restaurant in a northern China village that collapsed during an 80th birthday celebration for a resident, leaving 29 dead, authorities said Sunday as rescue efforts were called … ( read original…
Monthly Archives For August 2020
China restaurant collapses during 80th birthday party, leaving 29 dead, dozens injured
A two-story restaurant in China collapsed while hosting an 80th birthday party, leaving 29 people dead and dozens injured, authorities said Sunday. ( read original story …)
China’s Shenzhen exchange to categorise listed firms by risk level
Companies listed on the Shenzhen Stock Exchange will be classified into four categories ranging from high-risk to normal in a bid to improve supervision and risk control, the Chinese bourse said on … ( read…
China’s big banks brace for lagging COVID-19 risks as bad loans rise
Four of China’s five largest state-owned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus pandemic. ( read original story …)
Death toll rises to 29 after restaurant collapse in China’s Shanxi province
Twenty-nine people were killed and seven seriously injured when a restaurant collapsed in northern China’s Shanxi province, the country’s emergencies ministry media said on Sunday. ( read original story …)
China’s Wang Yi tells other countries not to interfere in Chinese internal affairs
The Chinese government’s top diplomat, State Councillor Wang Yi, said on Sunday what was happening in the Xinjiang region and Hong Kong was an internal Chinese matter and that other countries should … ( read…
China strikes debt deals with poor nations under G20 scheme
China says it has struck agreements with half of the 20 low-income nations that have requested debt restructurings as part of their efforts to tackle the coronavirus pandemic. “Work on this is … ( read…
China’s top bank ICBC posts 11.4% fall in first-half profit, worst since 2006
Industrial and Commercial Bank of China (ICBC),, the world’s largest commercial lender by assets, said its net profit fell 11.4% in the first half, the biggest drop in the January-June profit since … ( read…
Bank of China first-half profit falls 11.5%, steepest H1 fall since market debut
Bank of China Ltd (BoC) , the country’s fourth-biggest lender by assets, on Sunday posted an 11.5% fall in first-half net profit, the steepest drop for the January-June period since its market debut. ( read…
UPDATE 1-China Construction Bank posts 10.7% profit fall, biggest since 2005
China Construction Bank Corp (CCB) , the country’s second-largest lender by assets, on Sunday posted a 10.7% fall in first-half profit, the biggest January-June decline since its market debut in 2005. ( read original story…
China Construction Bank Profit Drops 11% on Bad Loan Surge
China Construction Bank Corp., the world’s second-largest lender by assets, reported its worst earnings in more than a decade as a cascade of loans to businesses across China are going bad.Net income … ( read…
China’s Big Banks Post Worst Profit Slump on Bad Debt Wave
China’s biggest banks are suffering their worst profit decline in more than a decade as a cascade of loans to businesses across China are going bad. Reporting their first-half earnings on Sunday, … ( read…
China’s Brand of Communism
Communism is back in the news. That’s in part because the Trump administration has made a national priority of informing the public about the China challenge. Earlier this summer four … ( read original story…
