Reports of a government backstop for new bond issues by stronger developers have lifted shares. But such measures look like weak medicine for the broader market.
Monthly Archives For August 2022
China’s fiscal revenue growth slows slightly amid sluggish economic recovery
China’s fiscal revenue growth slowed slightly in the January-July period compared to the first six months of the year, finance ministry data showed on Wednesday, as the economy was squeezed by the …
China’s electric vehicles, tech lauded on premier’s symbolic Shenzhen tour as Beijing seeks economic stability
Li Keqiang’s visit to the southern tech hub is being viewed as a fact-finding mission ahead of a key Politburo meeting at the end of this month The 67-year-old visited tech giant Huawei Technologies …
China’s banking sector to keep growing amid challenges
Further targeted pandemic prevention and control measures, stronger stimulus policies for the property industry as well as loosened regulations on platform companies might play a decisive role for …
China to send troops to Russia for joint military exercise
Beijing’s participation in the joint exercises was “unrelated to the current international and regional situation,” the country’s defense ministry said in a statement.
Factories in southwest China shut down, rolling blackouts imposed as reservoirs run low
Unusually high temperatures and a prolonged drought are affecting large swaths of China, reducing crop yields and drinking water supplies.
China export hub virus shutdown threatens World Cup orders
Soccer fans keen to get their hands on a World Cup jersey before the global tournament could be out of luck as a COVID-19 outbreak shuts down a key Chinese manufacturing hub. The eastern city…
China Fires Warning Shot at Next U.K. PM About Taiwan ‘Red Line’
China’s top envoy to the United Kingdom has told the country’s two prime minister hopefuls, Liz Truss and Rishi Sunak, not to follow in the footsteps of the United States, which he said has neglected…
China to nurture over 4,000 SMEs as digital transformation models
China will build 4000 to 6000 small and medium-sized enterprises SMEs into digital transformation models amid the country push …
China Races To Alleviate Drought, Power Cuts Amid Record Heatwave
China is scrambling to alleviate power shortages and bring more water to the drought-hit basin of the Yangtze river as it battles a record-breaking heatwave by deploying relief funds, seeding clouds …
China’s imports of US oil have hit an 18-month high as it pivots away from Russian crude
Chinese state oil giant Sinopec has ramped up its purchases of US oil as it bets domestic demand will rise again in the fall.
China’s Fiscal Income Drop Narrows, Land Sales Keep Plunging
The slump in China’s fiscal income narrowed in July although the ongoing property downturn continued to weigh on revenue from land sales and taxes.
Chinese smartphone brands in deep trouble, record sharp decline in demand world over
The bubble for the Chinese smartphone industry seems finally to have burst in the domestic market as well as internationally. The shipment of Chinese smartphones decreased by almost 15 per cent in the …
