Regulatory curbs on borrowing have driven China’s property sector into a liquidity crisis, highlighted by Evergrande, the world’s most indebted property firm. The contagion has engulfed other …
Monthly Archives For February 2022
China’s commercial banks’ bad loan ratio declines, says regulator
Outstanding non-performing loans in the commercial banking sector stood at 2.8 trillion yuan ($440.66 billion), an increase of 13.5 billion yuan from the end of the third quarter, according to a …
China’s Price For Capping Commodities Will Be Higher Emissions
(Bloomberg) — China’s success in capping the surge in commodities prices looks increasingly dependent on its ability to deliver more supply. But to do that, it’s going to have to tolerate …
US-China tech war: top Chinese chip maker SMIC to invest record US$5 billion in capacity expansion after profits doubled in 2021
China’s biggest semiconductor foundry has set aside a record amount for capacity expansion in 2022, after its profits more than doubled in 2021 thanks to strong demand for chips. Semiconductor …
China seeks economic, political stability with the ‘vigour of an uncaged tiger’ as loans soar
the China Finance 40 Forum, on Wednesday. “Markets are more willing to see enforceable and strong fiscal policies. It is the key to turn around market expectations.” The think tank has called for a …
China Infrastructure Investment in 2022 – Can it Stimulate Economic Growth?
At the end of 2021, China’s Ministry of Finance (MOF) pre-allocated RMB 1.46 trillion (US$229.6 billion) of the 2022 quota to be used in the first quarter, in the hopes that the extra liquidity would…
China exporting hazardous goods in garb of fertilizers: Report
China has been exporting hazardous goods with explosive properties in the garb of fertilizers and skipping safety precautions that facilitate safe storage and shipment of goods by providing …
China suspends Lithuanian beef, dairy, beer imports amid Taiwan row
China’s General Administration of Customs had informed the country it was halting the exports due to “lack of documentation”, the agency said in a statement China suspended imports of beef, dairy and …
China’s Tencent denies buying more DiDi shares since US IPO
China’s Tencent has denied buying more shares in DiDi Global … It had added about 1.8 million DiDi Class A ordinary shares to its last-known holdings during DiDi’s IPO. As of December, Tencent owned …
Beijing punishes traders in Olympic souvenir crackdown
BEIJING (AP) — Police are punishing Chinese traders for cashing in by reselling scarce dolls of Olympics mascot Bing Dwen Dwen at up to 10 times retail price. Buyers stood in line overnight in …
BEIJING SNAPSHOT: Closed loop has advantages — for shoppers
BEIJING (AP) — There are many disadvantages to working inside the hermetically sealed “closed loop” at the Beijing Olympics. The “bubble” separates reporters, athletes and Olympic staff from the real …
Omicron: mass screening as border city reports over half China’s new coronavirus infections
56 cases announced in China on Friday, including 33 new local infections in Baise and 22 cases in Liaoning province Over 16,000 medical personnel sent to Baise to perform PCR tests, Guangxi regional …
Record Hong Kong COVID infections strain hospitals, China pledges support
HONG KONG, Feb 11 (Reuters) – Hong Kong reported a record number of new daily COVID-19 infections on Friday and China said it would fully support the city with its “dynamic zero” coronavirus strategy, …
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