Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future.
Monthly Archives For August 2023
Chinese property giant Country Garden warns of $7.6 billion loss as it nears default
One of China’s biggest property developers says it has burned through up to $7.6 billion in the first half of the year, compounding the crisis coursing through the country’s embattled real estate sector. Country Garden…
Morning Bid: China property troubles plague Asia stocks
With the Bank of Japan keeping JGB yields around 0.62%, the widening spread lifted the dollar to a fresh 2023 peak of 145.22 yen on Monday. Anything above 145.00 risks Japanese intervention, but bulls have…
China property crisis deepens: Country Garden shares slide on bond suspension while Sino-Ocean misses interest payments
China’s property crisis worsened as state-backed developer Sino-Ocean Group Holdings missed interest payments and shares in developer Country Garden slumped further after it suspended trading of some onshore bonds.
METALS-Copper weighed down by China property woes, stronger dollar
LME aluminium CMAL3 shed 0.3% at $2,168.50 a metric ton, tin CMSN3 fell 1.9% to $25,950, zinc CMZN3 shed 0.7% to $2,381.50, lead CMPB3 was little moved at $2,111, while nickel CMNI3 rose 1.9% to…
In the Market: Funds fret over the fallout of Biden’s China order
Fund managers are worried the Biden administration’s move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations.
From boom to uncertainty: Luxury brands face uphill battle as China’s growth slows
Economic downturns, while challenging, offer brands an opportunity to reflect and reinvent themselves. Here are three strategies for navigating China’s tricky terrain.
China’s Worsening Economy Is Hurting Corporate America
Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom.
Taiwan vice president is ‘troublemaker’, says Beijing
William Lai’s stopovers in New York and San Francisco on his way to Paraguay have riled China.
Heavy rains bring deadly flash flood and landslide to northwest China
At least 21 people are dead and six others missing after a flash flood and landslide following torrential rains in the outskirts of northwestern China’s Xi’an city, local authorities said Sunday.
Asahi beer’s mainland China expansion targets Shanghai and Shenzhen before widening retail footprint across the country
Japanese beer company Asahi plans to widen its footprint in mainland China, targeting major cities like Shanghai and Shenzhen in the initial phase before a nationwide expansion in the world’s largest …
Middle school in China under fire for telling girls not to ‘behave flirtatiously’ to avoid sexual harassment
A controversial lesson on sexual harassment at a middle school in southern China has stirred online debate about victim-blaming, with many criticizing both the school and what they say is an …
China Shadow Banking Giant Alarms Investors With Missed Payments
One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.
