China’s thermal coal futures fell the maximum permitted 11% at the start of trade on Thursday, extending losses since Tuesday when the government signalled it might intervene to cool prices.
Monthly Archives For October 2021
DBRS Morningstar: China’s Balancing Act: Containing Property Sector Leverage While Preserving Financial Stability
Slowing property sales and tighter financing requirements has brought Evergrande Group, China’s largest property developer, to the brink of default. Several other developers have also missed bond …
Vita Coco Prices IPO Below Range at $15 a Share
Coconut beverage maker Vita Coco Co. priced its $173 million initial public offering below a marketed range, while a Chicago-area hamburger and hot dog chain sold its shares at the top of its target.M …
China is Flying High Again: Cirium Survey Shows Remarkable Consumer Confidence for a Travel Restart
View the full release here: https://www.businesswire.com/news/home/20211020005941/en/ Cirium’s new Traveler Intelligence Report reveals China is flying high again. (Graphic: Business Wire) The pent-up …
China reports 21 new coronavirus cases on Oct 20 vs 30 day ago
China reported 21 new confirmed coronavirus cases for Oct. 20 compared with 30 a day earlier, the country’s health authority said on Thursday. Of the new infections, 13 were locally transmitted cases, …
China Evergrande shares set to slide 10.5% after $2.6 bln deal collapses
HONG KONG, Oct 21 (Reuters) – Shares of China Evergrande Group (3333.HK) are set to fall 10.5% on Thursday after a deal to sell a $2.6 billion stake in its property services unit fell through,…
Decoding the health code: can Hong Kong accept a mainland Chinese-style coronavirus app for border reopening?
Experts say technology exists to align Covid-19 protocols with the mainland, but privacy fears and a sceptical public are stumbling blocks.
Evergrande is ‘just the beginning’: Professor says more firms must exit China’s property sector
Li Gan, economics professor at Texas A&M University, said China’s real estate sector has to be “substantially smaller” to stabilize as housing demand falls.
Beijing updates list of approved news sources, tightening its control over internet content
The Cyberspace Administration of China has updated a list of state-run media outlets that others are allowed to republish, as Beijing continues its crackdown on internet content.
Zero tolerance to monopoly and illegal financial activity
GUO SHUQING, secretary of the Party committee of the People’s Bank of China, and chairman of the China Banking and Insurance Regulatory Commission, recently fielded questions from the media on the …
America’s PPE manufacturers deserve Washington’s support against China imports
As supply chains stalled amidst a global shutdown, the United States was forced to confront its heavy import-dependence on China and other countries for many goods used in everyday life. Particularly …
China-EU relations: Beijing calls on European business group to help ‘clear up doubts’ tarnishing economic relations
Beijing has called on the European business community in China to do more to “enhance trust” and “clear up doubts” threatening to hold back the bilateral economic relationship. At a meeting on Tuesday …
China conducted two hypersonic weapon tests this summer
The Chinese military conducted two hypersonic weapons tests over the summer, raising US concerns that Beijing is gaining ground in the race to develop a new generation of arms. On July 27 the Chinese …
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