China’s biggest property developer, Country Garden, defaulted on interest payments on dollar-denominated debt with a face value of $1 billion.
Monthly Archives For August 2023
Critical Inflation Data Ahead, Credit Card Debt Hits $1 Trillion, China Enters Deflation
Chinese exports fell by 14.5% year-over-year vs. 12.5% consensus. Exports to the U.S. fell by 23%. Exports to the E.U. and the Association of Southeast Asian Nations fell by 21%. These are the biggest …
China Renaissance Says Detained Chairman Cooperating With Authorities in Probe
The company said that business and operations are continuing normally under the supervision of its Executive Committee, which includes Executive Directors Xie Yi Jing and Wang Lixing. Copyright 2023 …
The real-estate empire helmed by one of China’s richest women is weeks away from a $199 collapse that could dwarf Evergrande
This aerial photo taken on October 31, 2021 shows buildings of China’s developer Country Garden Holdings in Zhenjiang, in China’s eastern Jiangsu province. STR/AFP via Getty Images A debt crisis that …
US dollar dips as China deflation pulls investors into risk assets
The U.S. dollar fell on Wednesday after data showed the Chinese economy slipped into deflation last month, which raised the chances of China launching additional stimulus measures and nudged investors …
China Makes Record Export Data Downgrade to Surprise Numbers
China made the biggest downgrade on record to the value of a monthly export figure, a move that could paint a more flattering picture of trade data in months to come amid weak global demand.
Unlicensed California Biolab With Inhumane And Hazardous Conditions Linked To China
After a months-long investigation, an illegal biolab in California was raided by the Centers for Disease Control and P
Gov’t scientists got $325M in royalties from China, Russia, pharma firms
National Institutes of Health scientists raked in more than $325 million in royalties from Chinese and Russian entities — as well as pharmaceutical companies — over more than a decade,
Links with US endure amid slow imports
The sharp decline in the value of goods imported by the United States from China — by 25 percent in the first half of this year — is not only due to a drop in…
Death Toll in Recent Beijing Flooding Rises to 33, With 18 Still Missing
Residents wash their suitcase and belongings on a damaged bank of a canal clogged with flood debris in the aftermath of flood waters from an overflowing river in the Mentougou district on the …
A proposal to guard against China would hurt Latin America instead
But the fact that China, which has a mere 0.1 percent of the vote at the … the region also suffered a staggering 30 percent of the world’s fatalities from the COVID-19 pandemic, according to…
WHO classifies EG.5 as COVID-19 ‘variant of interest’
The World Health Organization on Wednesday classified the EG.5 coronavirus strain circulating in the United States and China as a “variant of interest” but said it did not seem to pose more of a …
China Is Slipping Into Deflation. Beijing Has Lost the Private Sector.
With growth stalling and the economy slipping into deflation, Beijing is under pressure to stem the rot. Measures to stimulate the economy could help. But to lift growth durably and not simply create more risks…
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