The Reserve Bank is keeping an anxious watch on China’s embattled real estate sector, amid fears that construction activity could plummet, as developers’ funding dries up.
Monthly Archives For August 2022
Real estate crisis in China can inflict bigger economic blow: Report
The real estate slump in China has sucked in both banks and provincial governments, threatening a bigger impact on the world’s second-largest economy, according to media report …
Treasury Wines each way bet on Penfolds in China
Australia’s biggest wine group is playing the long game with the imminent launch of its Chinese-made Penfolds version.
China’s Huobi founder looks to sell stake for over $1 billion- Bloomberg News
The founder of China’s Huobi Group, which runs one of the world’s largest cryptocurrency exchanges, is in talks with investors to sell his almost 60% stake in the exchange for over $1 billion, …
What did Hungary do right when it received the ‘biggest ever investment in its history’ from China?: Global Times editorial
Hungary said that it will be “the biggest ever greenfield investment in the history of Hungary.” Some foreign media claimed Hungary got the “biggest ever investment in history” because of “supporting …
U.S. lawmakers visit Taiwan after Pelosi trip angers China
Five members of Congress, led by Sen. Edward J. Markey (D-Mass.), will discuss U.S.-Taiwan relations as well as investments such as semiconductors.
Countdown to 2047: Will India form alliances with like-minded economies to keep China at bay?
The mantra of strategic autonomy that involves partnership with both the US and Russia will be pursued to balance Beijings ambitions. Simultaneously, channels of engagement with Beijing will be kept …
Philippines, China agree to resume negotiations on 3 major railway projects
THE PHILIPPINES and China have agreed to resume negotiations on three major railway projects, the Department of Transportation (DoTr) said on Sunday.
World’s weekly COVID-19 cases down 17%; Japan averages 200,000 daily
The COVID-19 situations continues to ease worldwide with 15% weekly decline in cases and 12% drop in deaths though Japan leads all nations with an average of 200,000 cases daily and near-record deaths …
COVID-19-stricken Hainan in South China punishes 6 officials for dereliction of duty in fighting epidemic
South China’s Hainan Province announced to punish six officials late Sunday for inaction and lack of responsibility when handling the recent local COVID-19 outbreak. As the entire province is devoted …
Covid-19 resurgence hits Hainan
SANYA: Chinese Vice Premier Sun Chunlan on Saturday urged swift containment of the latest resurgence of Covid-19 cases in South China’s Hainan Province. Sun, also a member of the Political Bureau of …
US takes China rivalry over African influence underwater, with high-speed internet cable spanning continents
US-China tussle reaches critical digital infrastructure, as Washington warns world against Chinese dominance and alleged spying New US-funded Southeast Asia-Middle East-Western Europe 6 submarine line …
China’s economic recovery tested as Covid outbreaks persist
China will likely announce a further economic improvement in July, although the extent and durability of this recovery is uncertain as Covid outbreaks continue to expand and a property slump persists.
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