Morgan Stanley downgraded its outlook on China’s property sector amid risks policy makers may take steps to cool down the overheated market and further prompt developers to cut their debt levels.
Monthly Archives For July 2021
China’s property development glory days are over, Vanke says
China Vanke has said it will give more weight to real estate management and services, as the country’s largest property developers tweak business models to bolster profitability amid tighter …
Central bank conducts 10B yuan of reverse repos
China’s central bank Thursday conducted 10 billion yuan (about 1.55 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven …
China Stocks Slump Most in Three Months After Party Centenary
Chinese equities slid the most since mid-March as investors rushed to offload shares after the ruling Communist Party’s 100th anniversary celebrations.
U.S. toymaker doubles down in China despite rising costs, political tensions
But Ryan Gunnigle, the chief executive of Kids2, is swimming against that tide. The Atlanta-based maker of toys and infant products recently opened the first phase of a factory on the banks of the …
Asia crypto sector stays confident despite China regulatory curbs
And in late June the U.K. barred Binance, the world’s largest cryptocurrency exchange by trading volume, from offering regulated services, including trading crypto derivatives. Meanwhile, in South …
China pledges funds to boost infectious disease prevention
China will provide funding to build new institutions and infrastructure to fight infectious diseases and improve healthcare, the state planning body said in a “five-year plan” for the sector.
Shenzhen skyscraper shakes up Chinese thinking on growth
In May, a skyscraper in the southern Chinese city of Shenzhen suddenly started to shake, sending people rushing to evacuate. Two decades ago, an essay analyzing the construction project for the …
Rishi Sunak calls for City of London to forge closer ties with Beijing
The financial services industry should forge closer ties with China as it loses access to European Union markets, the chancellor said yesterday as he pledged to strengthen regulations while making the …
Fashion giant H&M sees China sales slump after Xinjiang boycott
Swedish fashion giant H&M saw its sales slump in China, months after it became the target of a Chinese boycott. H&M was among several brands that raised concerns over alleged human rights abuses …
Tom Cotton: It is time to ‘lower the boom’ on China
Arkansas Sen. Tom Cotton argued that the United States needs to take a stand against China as a means to “make China pay not just for unleashing this plague on the world, but also for…
China’s ruling party grooms new members for its next century
A century after its founding, China’s ruling Communist Party is training a new generation of members to extend its control over a changing society …
China reports 18 new coronavirus infections versus 12 a day earlier
China reported 18 new cases of coronavirus on the mainland on July 1, compared with 12 a day earlier, the national health authority said.
ADVERTISEMENT
