Homeowners in the world’s second-largest economy are refusing to pay mortgages on unbuilt homes. In this Viewsroom podcast, Breakingviews columnists describe how government deleveraging policy …
Monthly Archives For July 2022
China deploys bad-loans expert to clean up Henan’s festering banking and property mess
Henan Asset Management Corporation (AMC) appears to be one of the first local AMCs to help tackle difficulties of property developers in the current round of crisis A proposed rescue fund is expected …
US-China tensions threaten weaker economies, climate change and war
The divisions between the two most powerful countries on Earth are widening so quickly that international observers say an epoch-defining change is under way -t he US and China are ‘decoupling’ …
China Fines Didi $1.2 Billion After Wrapping Year-Long Probe
China fined Didi Global Inc. more than 8 billion yuan ($1.2 billion), wrapping up a year-long probe into the ride-hailing giant that’s come to symbolize Beijing’s bruising campaign to rein in its …
China investors call it quits as Xi, ‘zero COVID’ sap confidence
Once a regular investor in Chinese tech companies, Lian now views China as an increasingly risky bet as the country’s autocratic turn under Xi Jinping and ongoing “zero COVID” lockdowns cast a cloud …
Chip 4 alliance: Will South Korea pick the US or remain an ally to China?
Proposed by the US, the Chip 4 is a strategic alliance of four global chip powerhouses that also includes South Korea, Japan and Taiwan.
Biden set to address tensions with China as Pelosi trip to Taiwan ‘not a good idea’
JOE BIDEN will speak with President Xi Jinping by the end of the month to address tensions between the two countries over trade and Taiwanese independence.
Xiconomics: How China’s Push for Economic Stability Bolsters Global Recovery
On the shop floor of Shaoxing’s Buting textile company in east China’s Zhejiang province, processing and manufacturing machines are humming around the clock. Container trucks loaded with colorful …
China fines Didi more than $1 billion for breaking data security laws
China’s cybersecurity authority fined ride-hailing giant Didi in apparent closure of a yearlong probe that prevented the company from adding new users.
Coronavirus: China’s Shenzhen vows to ‘mobilise all resources’ to curb spread of Covid-19
Megacity reported 22 new locally transmitted cases for Wednesday, with the daily count creeping up from single digits earlier this month.
China Fines Didi Global $1.2 Billion for Violating Data Security Laws
A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid Reuters …
People Are Refusing to Pay Their Mortgages in China. The Protest Could Spill Into the Wider Economy
A mortgage boycott in China is “still multiplying” and threatens to “become much more widespread,” according to analysts who say the homeowner protest is already affecting 235 property developments in …
China’s move to increase coal supplies won’t affect decarbonisation
By boosting domestic coal production, China is ensuring supplies in a tight global market. Experts say these measures are short term and not a risk to the low-carbon transition.
