A consortium of state-owned and private companies was the sole bidder for Shengjing Bank’s shares in a court-arranged auction.
Monthly Archives For September 2022
Wang Tao: Why China’s Export Growth Came in Well Below Market Expectations
China’s headline export growth decelerated sharply to 7.1% year-on-year in August, from 18% in July, landing well below the expected 13%. Import growth dropped to 0.3% from 2.3% year-on-year growth in …
Alibaba Has A China Problem
Mass COVID-19 lockdowns in China are raising commercial e-Commerce and logistics risks for Alibaba. See why I think downside risk has escalated in BABA stock.
China extends coronavirus lockdown of megacity Chengdu indefinitely, with no end in sight to strict “zero-COVID” policy
It’s not the first time authorities have put millions of people under strict restrictions with no end in sight, and all for case-load numbers that dwarf other nations.
Oil prices fall further as China extends COVID-19 curbs
Brent crude futures lost 40 cents, or 0.4%, to $87.60 per barrel by 1002 GMT, near a late-January low. U.S. crude futures were down 41 cents, or 0.5%, at $81.53 a barrel, near a mid-January…
Millions in China’s Chengdu thrown into extended COVID lockdown
The Chinese city of Chengdu extended a lockdown for a majority of its more than 21 million residents on Thursday to prevent further transmission of COVID-19 while millions more in other parts of China …
China Accuses U.S. Of Trying to Turn Outer Space Into a Battlefield
In response to a U.S. Department of Defense report, China has said the U.S. “defined space as a war-fighting domain.” …
China’s Cruelty Is Laid Bare | Opinion
A new report concludes that Chinese authorities’ widespread human rights violations against the Uyghurs and others “may constitute international crimes, in particular crimes against humanity.” …
China’s Lending Strategy in Emerging Markets Risks Prolonging Borrowers’ Pain
Financial stress in developing countries is testing Chinese lenders’ approach, which has included rescheduled payments and more credit for troubled borrowers.
China Megacity Chengdu Extends Lockdown as Covid Persists
The Chinese megacity of Chengdu extended a weeklong lockdown in most downtown areas after Covid-19 cases increased, underscoring the government’s commitment to eradicating the virus even as the …
China delays semiconductor events in southern tech hubs of Shenzhen and Guangzhou amid Covid-19 outbreaks
At a time when China is tackling growing efforts by the US to curb the Chinese chip industry’s growth, those meetings provide crucial opportunities for attendees to discuss the sector’s development.
Chinese as victims in Beijing-backed human trafficking hub in Myanmar
Shwe Kokko New City in southeast Myanmars Karen State has allegedly become a people-trafficking hub. The town, which is home to numerous Chinese-owned businesses and claims itself a Special Economic …
Twilight of Entrepreneurs in China as More Leave the Country
Two of China’s best-known entrepreneurs, Pan Shiyi and Zhang Xin, stepped down from their top jobs at the real estate development company they built.
