One year ago, Chinese leader Xi Jinping pledged to spend 2021 reining in “disorderly” private businesses that were growing too powerful and taking on too much risk.
Monthly Archives For December 2021
China says has provided ‘constant support’ for democracy to Hong Kong
China said in a white paper on Monday it has provided constant support to Hong Kong in developing its democratic system, state news agency Xinhua reported.
China artificial intelligence firm relaunches SenseTime $767m listing
Chinese artificial intelligence start-up SenseTime Group has relaunched its $767m (£580m) Hong Kong share sale. The announcement comes a week after the listing was pulled as Americans were banned from …
RPT-China’s property distress sours steel sector in warning sign for economy
Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation’s industrial engine – the steel sector – and started to ripple through to other critical …
Pro-Beijing candidates sweep to victory in HK
Pro-Beijing candidates swept to victory in an overhauled “patriots-only” legislative election in Hong Kong that was deemed regressive by critics, with turnout hitting a record low amid a crackdown on …
Hong Kong Democrats Boycott Election Stage-Managed by Beijing
Hong Kong held its first major election since Beijing dictated only “patriots” can govern the city, a move that wiped out the pro-democracy bloc and kept voters away.Most Read from BloombergSouth …
Diverging monetary policies in US, China may provide some balance to global economy
The United States and China are set to spend 2022 diverging on monetary policy, marking a new phase in the struggle to deal with the fallout of the Covid-19 pandemic and setting up a synchronised…
China cuts lending benchmark LPR for first time since April 2020
China cut its lending benchmark loan prime rate (LPR) for the first time in 20 months at its December fixing on Monday, largely in line with market expectations. The one-year LPR was lowered by 5…
Key moments of COVID-19 pandemic
The upcoming New Year’s Eve will mark the second anniversary of the first reported COVID-19 case in Wuhan, China. Since then, more than 272 million cases of the disease have been reported worldwide …
The 24th Winter Trade Fair Held in Hainan, China Gathered 2,000 High-quality Enterprises at Home and Abroad
International Tropical Agricultural Products Winter Trade Fair was held in Haikou, Hainan, attracting nearly 2,000 enterprises such as fortune 500 companies and international leading agricultural …
Evergrande: China’s efforts to contain its Lehman moment
When the world started to take notice of Evergrande’s $300bn (£226bn) debt crisis earlier this year, some asked whether it would become China’s “Lehman moment”. Since then it has become clear that …
How China is trying to limit the Evergrande crisis
When the world started to take notice of Evergrande’s $300bn (£226bn) debt crisis earlier this year, some asked whether it would become China’s “Lehman moment”. Since then it has become clear that …
Kaisa Group Appoints Financial Adviser; Shares to Resume Trading
The financial adviser will evaluate Kaisa’s liquidity and explore all feasible solutions, the company said in a stock exchange filing on Monday. Kaisa said it hasn’t received any notice regarding …
