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Monthly Archives For August 2023
Growing pressure on Xi as China’s economic woes mount
China is being hit immediately by two interconnected developments: a worsening property market, a mainstay of the economy, and an accelerating liquidity crisis in the shadow banking system that has the potential to spread more…
Evergrande seeks US court nod for $32 billion debt overhaul as China economic fears mount
Embattled developer China Evergrande Group has filed for U.S. bankruptcy protection as part of one of the world’s biggest debt restructurings, as anxiety grows over China’s worsening property crisis and its impact on the weakening…
China’s Securities Regulator Takes Steps to Improve the Market, but Investors Weary
On Friday, China’s securities watchdog introduced a set of measures geared towards shoring up the country’s deteriorating stock market. Recently, Chinese stocks have embarked on a steep downward path amidst the deepening housing market crisis.
Philippines to resupply South China Sea troops after Beijing’s block
The Philippine armed forces said on Saturday it would again seek to resupply troops stationed in a rusty World War 2-era ship on a reef in the South China Sea, after China blocked a previous…
Substrain behind most COVID-19 cases in China
The EG.5, a substrain of the Omicron variant of the COVID-19 virus, has become the most infectious source of coronavirus in China, the Center for Disease Control and Prevention said on Saturday.
China trust deficit: crisis spurs shadow banking policy response calls
Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected to hasten a policy response to revive the country’s …
Beijing steps up efforts to boost digital economy
BEIJING, Aug. 19 (Xinhua) — The added value of Beijing’s digital economy reached 918.05 billion yuan (about 127.5 billion U.S. dollars) in the first half of 2023, up 8.7 percent year on year, accounting for…
At Camp David, Leaders Criticize Beijing’s Moves in South China Sea
Camp David Maryland – Leaders of the United States Japan and South Korea wrapped their Friday summit at the US presidential retreat Camp David cem
China’s economy is in trouble. Beijing hopes Raimondo can lend a hand.
The Commerce secretary is likely to get an earful about how U.S. export and investment restrictions are kneecapping China’s economy.
How China’s Economic Troubles Could Spread Globally
Europe and commodity-producing emerging markets, like Brazil and Indonesia, that rely heavily on exports to China are especially vulnerable.
SpaceX and Blue Origin are being targeted by spies from China, Russia: feds
Chinese and Russian spies are looking to steal sensitive technology and data from US space companies including SpaceX and Blue Origin, according to a federal government communique. The National …
China’s economic ‘crisis of confidence’ has shattered faith of foreign investors, warns European business head in call to action
President of EU Chamber of Commerce in China discusses a potential cure to the malaise, but will it be a tough pill for Beijing to swallow?‘From an FDI perspective, China is experiencing a perfect storm…
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