The implosion of Evergrande continues. And nobody knows exactly how the losses will be distributed. What will be the impact on creditors or people who have put down payments on homes that haven’t been …
Monthly Archives For October 2021
China’s power crisis: why is it happening, how bad is it, and what if it continues into the freezing winter months?
China relies on massive amounts of coal to sustain its people and economy, but some provinces can’t even keep the lights on amid high prices, production cuts and Beijing’s determination to cut …
Singapore reports 2,809 new COVID-19 cases
Singapore reported 2,809 new cases of COVID-19 on Sunday, bringing the total tally in the country to 126,966, the Ministry of Health (MOH) said in a press release. Before this, Singapore’s daily new …
Ratcliffe hits Biden administration for allegedly buying drones from China
Former Director of National Intelligence John Ratcliffe said Sunday that the U.S. is buying drones from China.
Can China contain the Evergrande crisis?
As Evergrande’s crisis ripples through China’s property market and broader economy, it will be difficult to prevent contagion spreading through global financial markets …
China’s lottery sales fall in August
China lottery ticket sales totaled 3261 billion yuan about 5 billion US dollars in August down 62 percent year on year accor …
Beijing starts to prioritize public housing for families with more than 2 children
Beijing’s Chaoyang district has become the first in this metropolis to prioritize public housing to families with more than two children. The move aims to boost the latest policy of raising the birth …
Taiwan’s defiance of China raises the central question of our age
The problem of Taiwan is as fraught and complex as any in the world but in her speech today President Tsai made it all rather simple. The island of 23 million people, after many ups…
Taiwan will not ‘bow to pressure’ from China after calls for ‘reunification’
Taiwanese President Tsai Ing-wen said Sunday the island will not “bow to pressure” from China after President Xi Jinping called for a “reunification.” …
Crypto Investor Who Bet on DeFi Says China Crackdown May Help It
Arthur Cheong, who worked in oil trading before reinventing himself as a crypto fund manager, put money into a blockchain-based game called Axie Infinity last year.
China’s Power Crunch May ‘ripple Through’ World Economy: Report
The authorities in China are trying to cope with the widespread power crisis. The power shortfalls in Beijing might impact the supply chains around the world.
Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning
Developers have run up huge debts. Now sales are down, Beijing is imposing borrowing curbs, buyers are balking at prices, and even demographics are looking dimmer.The government is trying to address …
“Russia and China are studying our technology”
Mikhail Kotlyar On Saturday, October 9, former US President Donald Trump gathered a large rally of his supporters in Iowa. Speaking at the showroom in Des Moines, the state capital, the former head of …
