President XI has been cracking down on big companies even as he tries to reshape the economy.
Monthly Archives For October 2021
U.S. Concerned Over Allegations World Bank Changed Business-Friendly Rankings for China
Treasury Secretary Janet Yellen said a report alleging World Bank officials had changed business rankings for China “raised legitimate issues and concerns.” …
Beijing Winter Olympic Games registers the highest proportion of female athletes in history
Photo taken on March 4, 2020 shows a rendering of the National Sliding Center for 2022 Winter Olympic Games in Beijing, China. Photo: Xinhua The 10th edition of the competition schedule for the …
How China Is Planning For a Tech Decoupling
Rising tensions between the U.S. and China and the recognition of a new kind of race for technological advantage has led Washington to tighten restrictions on Chinese companies’ access to critical …
Russia Says Taiwan is Part of China as Two Powers Further Align Against U.S.
“We believe more countries, with their eyes wide open, will oppose the U.S. hegemonic approach featuring politicization and a sense of supremacy in pursuit of self-interests at the expense of others,” …
China’s plans to build more coal-fired plants deal blow to UK’s Cop26 ambitions
Renewed commitment to coal could scupper Britain’s aim to secure global phase-out pact at climate summit …
In China, homebuyers who went all in say they want out
China is trying to cool its costly and dangerously debt-ridden housing market, where high prices and go-go levels of borrowing and spending are increasingly seen as a national threat.
China’s property sector stalked by Evergrande default fears as developer misses third deadline
A wave of developers face payment deadlines before the end of the year and with Evergrande’s fate looking increasingly bleak, fears mount of a wider crisis.
These 4 Chinese real estate developers are already in trouble
By Anneken Tappe, CNN Business China’s real estate crisis isn’t showing any sign of letting up. Embattled conglomerate Evergrande rattled global markets in September by warning it could default on its …
China Developers See More Debt-Rating Cuts: Evergrande Update
Chinese property developers are suffering credit rating downgrades at the fastest pace in five years as a recent slump in new-home sales adds to concerns about the sector’s debt woes. Most Read from …
Import-export fair’s COVID rules reiterated
Officials promised a safe and successful China Import and Export Fair in Guangzhou, starting later this week. [Photos by Zheng Erqi/chinadaily.com.cn] People who once lived or visited areas where …
China Takes Action Regarding Its Power Shortages
China’s Vice Premier Han Zeng ordered the country’s top state-owned energy companies to secure supplies for this winter …
Covid-19 Gives China And Russia A Strategic Advantage, Says U.S. Army
Covid-19 could give China and Russia a strategic edge over the U.S., according to a U.S. Army study. The reason? Authoritarian nations can devote resources to weapons rather than pandemic relief. “It …
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