The company failed to pay US$29.5 million in interest due on a US-dollar bond and expects to miss payments on three additional notes, it said in a filing The developer’s April sales dropped 75 per…
Monthly Archives For May 2022
China to roll out new policies when needed to support economy – party official
The People’s Bank of China will step up financial support for the real economy, including lowering financing costs, deputy central bank governor Chen Yulu told the same news conference. (Reporting by …
China to inject $1.5 billion to help state coal-fired power firms
China has pledged to inject 10 billion yuan ($1.5 billion) into its coal-fired power firms to provide financial relief and support their efforts to guarantee power supplies, state media said late on …
China Gathers Private-Sector Firms as Markets Mull Crackdown
China already made a promise in March to ease its regulatory onslaught, as part of efforts to stabilize battered financial markets and stimulate the economy. That’s fueled expectations that the …
China plans forum with private sector firms to boost digital space – Bloomberg News
China’s political advisory body plans to host a forum next week with some private sector firms including Baidu Inc , Bloomberg News reported on Thursday, as investors await any hints of Beijing …
China to Convene Private-Sector Giants as Markets Mull Crackdown
China’s top political advisory body plans to host a forum next week with some of the nation’s largest private-sector firms including Baidu Inc., an event that will be closely scrutinized by investors …
China’s Didi awaits completion of regulator’s review to return to normal
Chinese ride-hailing giant Didi Global will only be able to resume normal operations after authorities complete a cybersecurity review of the company, it said in a filing on Thursday. Days after the …
Japan, China, South Korea finance leaders warn of recovery risks
Financial leaders from Japan, China and South Korea on Thursday warned of risks to Asia’s economic recovery from the COVID-19 pandemic and committed themselves to backing market stability and sound …
Bitcoin, Ethereum, crypto at 2022’s lowest point
The crypto bear run extended on Thursday, as China’s inflation rose by 1.5% in April from March amid lockdowns and supply chain disruptions, while U.S. inflation (CPI) rose by 8.3% in the same …
China Resources in talks to take Sihuan Pharma private at $3 billion valuation -sources
State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 billion, …
Foreign Investors Consider Ditching China After Exports Slump
Country’s export growth slowest in nearly 2 years, as Beijing’s ‘zero-COVID’ policy takes economic toll on trade, manufacturing …
China Censors WHO Chief’s Call to End Covid-19 Strategy Dubbed Unsustainable
Beijing’s move to muffle criticism by the global health body’s top officials shows Xi Jinping’s zero-tolerance for public debate.
Shanghai hunts down COVID cases, Beijing curbs taxi services
Shanghai authorities combed the city on Thursday for its last COVID-19 cases in the hope of clearing the way for an exit from a painful six-week lockdown, while Beijing curbed taxi services to keep a…
