A combination of power cuts in China and low demand due to the country’s property crisis have pushed many steel mills to the brink of bankruptcy …
Monthly Archives For August 2022
China’s Industrial Profit Falls on Covid-19 Measures, Bad Weather
A record heat wave and drought has prompted Beijing to offer massive economic support for power generation and agriculture.
China July industrial profits down as COVID-19 curbs, heatwaves hit
SHANGHAI: Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves …
US suspends Chinese airline flights in COVID-19 dispute
The U.S. government is suspending 26 flights by Chinese airlines from the United States to China in a dispute over anti-virus controls after Beijing suspended flights by American carriers.
Investors brace for $130B loss as China’s housing market falters
Chinese developers’ dollar debt largely in distressed status means $130 billion losses for investors amid grim projections for China’s housing market.
China Making Inroads, Building Influence In Kyrgyz Media, New Report Finds
A two-year study by the OSCE Academy in Bishkek found that China is focusing on influencing the information space in Kyrgyzstan and getting results in shaping the coverage around key political issues …
Amid record-breaking drought in China, rivers are drying up and crops are at risk
A large part of China has been enduring a record-breaking heat wave over the past two months in addition to record-low rainfall. The lack of water could worsen economic growth in the country, where …
Beijing’s White Papers reek of propaganda, propagates One China policy
Lhasa [Tibet], August 27 (ANI): White Papers by Beijing reek of propaganda, polemics, and hyperbole which are common characteristics seen in an authoritative regime. White Papers in governmental terms …
Sex, violence, suicide: love triangle scandal in 1920s Beijing that stained Italy’s reputation in China
A diplomatic love triangle ignited an international incident that embarrassed not just the Italian nobility but the country as a whole By the early 1920s, the Beijing Legation Quarter was enjoying a …
S. Korea, China vow stronger ties on supply chains during ministerial talks
South Korea and China agreed Saturday to boost cooperation and communications on supply chains by setting up a new high-level consultative body, Seoul’s finance ministry said. The agreement was made …
China industrial profits slide as zero-Covid and costs weigh on demand
Combined profit of Chinese industrial firms with annual revenue above 20 million yuan (US$2.9 million) fell 1.1 per cent year on year in January to July Profits at lowest monthly figure in two years, …
Chinese state media lauds U.S.-China audit deal as ‘symbolic’ for ties
Chinese state media outlet the Global Times on Saturday praised an agreement reached between Beijing and Washington over the auditing of U.S.-listed Chinese companies as a “symbolic case” and a …
China’s ‘economic stalling’ threatens push to overtake US as No 1 economy
Challenges abound for China, forcing it to unveil new 19-point plan as Beijing admits ‘foundation of economic recovery is not solid’ ‘The global economy is not optimistic in the next few years, …
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