Indian red chilli exporters expect demand to return from China, the largest buyer, due to declining stocks in the neighbouring country. Prices, which had retraced from high levels in May, are seen …
Monthly Archives For August 2023
War in Ukraine is a warning to China of the risks in attacking Taiwan
Ukraine rally in Taiwan in February 2023. Walid Berrazeg/Anadolu Agency via Getty ImagesU.S. defense strategists warn that China may use the distraction of the war in Ukraine to launch military action against Taiwan.
South Korea calls on China to stop repatriating North Korean refugees
South Korean Unification Minister Kim Yung-ho and other officials called Wednesday for Beijing to refrain from repatriating thousands of North Korean escapees after borders are reopened, amid concerns
China Shadow Bank Crisis Sparks Protest by Angry Investors
A group of investors protested at the Beijing office of Zhongrong International Trust Co. after the Chinese shadow banking giant missed payments on dozens of products.
China is hiding key data to pretend its economy is doing OK. It’s not.
Beijing has stopped reporting youth unemployment numbers, and asked economists not to talk about deflation or faltering growth.
China’s heathcare costs fuel consumption in ageing society, but alarms are blaring in the medical insurance fund
In difficult economic times, Chinese people have become increasingly reluctant to tap into their savings, but healthcare costs are on the rise as the population gets older and people invest more in …
China oil imports from Iran hit new highs in August
China oil imports from Iran may hit a decade high in August at around 1.5 million barrels per day, news agencies reported Wednesday.Estimates …
China deflation: why are prices going down?
China ’s economy has reportedly fallen into what is known as a “ deflation ” – although this term has been vigorously denied by the country’s government. According to several reports, the National …
China’s Tencent posts smaller than expected revenue growth
China’s Tencent Holdings posted a smaller-than-expected 11% rise in second-quarter revenue on Wednesday, as the country’s sputtering economic recovery weighed on the social media and gaming giant’s …
Beijing Is Caught in a Catch-22 as Economy, Currency Stumble
China wants to boost its sluggish economy and keep its currency stable, but that is proving a difficult juggling act.
China police warn dangers of playing on high rises in shocking video
Police in China have shared footage of a child playing on a window ledge – in an effort to urge parents to carefully watch children playing on high rise buildings. A neighbour in Zhengzhou, Henan,…
China’s Country Garden says ‘major uncertainties’ over bond payments
China’s troubled property giant Country Garden said Wednesday there were “major uncertainties” over payments on its bonds, with fears swirling about the health of the country’s heavily indebted real …
China thwarts Intel’s $5.4bn Israeli chipmaker purchase
Intel said on Wednesday that it was abandoning an attempt to purchase Israeli chipmaker Tower Semiconductor, after failing to secure regulatory approval in China for the $5.4bn deal.
