(Bloomberg) — Financial contagion has spread so far across China’s property industry that even state-backed developers are at risk of surging defaults, according to Citigroup Inc. analysts. Bad debt …
Monthly Archives For September 2022
China Nuclear Deal Held Up Over Argentina’s Reactor Fuel Demand
Months after an announcement that China will build and largely finance an $8 billion nuclear power plant outside Buenos Aires, the deal is hung up over Argentina’s demand that its engineers be …
China Aluminium Ore and Concentrate Imports Rose 24.2% YoY in August
According to China imported 10.75 million mt of aluminium ore and concentrates in August, an increase of 24.2% year-on-year. The imports of aluminium ore and concentrates in January-August totalled 8, …
Australian Senator Proposes Crypto Bill Targeting China’s Digital Yuan
Australian politician Andrew Bragg wants to prepare the country for the widespread use of China’s central bank digital currency, the digital …
ED Seizes Rs 46 crore under PMLA in China-linked Crypto Mining Fraud Case
The Enforcement Directorate (ED) says that entities linked to China are involved in a fraud that promises returns on crypto mining …
Xinhua Silk Road: Chinese liquor maker Wuliangye shines at 19th China-ASEAN Expo
China’s leading liquor maker Wuliangye participated in the 19th China-ASEAN Expo (CAEXPO), which kicked off on Friday in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region. As one of …
China Must Do More to Restore Foreign Business Confidence
The last two years of COVID-regulated trade with China have drastically changed China’s economic and social capital on the world stage. China must be proactive in inviting foreign business back in or …
Beijing accuses Biden of jeopardizing «peace and stability» by his remarks on Taiwan
The Chinese government has reproached U.S. President Joe Biden for his warning about a possible U.S. intervention in case Taiwan’s security is at risk, as Beijing considers that it could …
China Vanke’s Property Management Arm Plans Up to $783.6 Million IPO
Onewo is seeking to raise up to $783.6 million in its Hong Kong IPO against the backdrop of a difficult market for new listings and turmoil in China’s real-estate market.
Profile: Russian Foodie Savors Business Success in China
Speaking fluent Chinese, the 32-year-old Russian from Krasnokamensk now runs a barbecue restaurant with her Chinese husband, Zhu Yutong, in Harbin, capital of Heilongjiang Province. Chupina’s …
China mulls measures to further boost foreign investment
Aerial photo taken on Sept. 13, 2022 shows ships berthed at the container wharf of Qinzhou Port in Qinzhou, south China’s Guangxi Zhuang Autonomous Region. (Xinhua/Zhang Ailin) BEIJING, Sept. 19 …
Investors are still in a ‘wait and see mode’ when it comes to China, says analyst
Mattie Bekink of the Economist Intelligence Corporate Network says the country’s zero-Covid policy has “stomped on consumer and investor confidence.” …
Cost of Covid Zero is straining finances across China
Constraints on provincial spending could impede stimulus efforts for an economy that’s struggling amid the COVID restrictions and property weakness.
