International stock markets rose after Beijing rolled out further support measures for its beleaguered property sector. U.S. markets were closed for the Labor Day holiday.
Monthly Archives For September 2023
Country Garden debt deal, China property support moves trigger relief rally
Country Garden’s deal with creditors for an extension on onshore debt payments worth 3.9 billion yuan ($536 million) boosted shares in the developer on Monday and gave China’s crisis-ridden property …
Country Garden debt deal brings some relief for China’s property sector
Creditors of Country Garden (OTCPK:CTRYF) reportedly extended a payment deadline for an onshore private bond, which will allow the troubled Chinese real estate developer to avoid a default, bringing …
Japan said to allocate more funds for fisheries industry amid China export ban
NHK has learned that Japan’s government may set aside another 20 billion yen, or roughly 140 million dollars, to support the fisheries industry, which has been hit hard by China’s suspension of …
China Unveils New Crypto Game ‘MetaCene’ to Revive Crypto Gaming Scene
MetaCene, the next-generation blockchain MMORPG, is a highly-anticipated game that has been built in China for nearly 2 years and $5 million – and it may soon come out.
China sending premier to G20 summit in India, Beijing confirms
China will send its premier to this weekend’s G20 summit in New Delhi, the Chinese Foreign Ministry confirmed Monday, after reports that leader Xi Jinping will skip the gathering.
State-backed disinformation fuelling anger in China over Fukushima water
Reports of abusive behaviour towards Japanese citizens in China in response to wastewater release at nuclear site
Japan to allocate $140 million more to help fisheries after China’s import ban
Japanese Prime Minister Fumio Kishida said on Monday the government would allocate an additional 20.7 billion yen ($141.41 million) to support the fisheries industry after China’s total import ban of …
Indosat looks to China Mobile for digital expertise
Indonesian operator Indosat Ooredoo Hutchison forged a deal with China Mobile International to tap the world’s largest mobile company’s expertise covering communications, date centre and …
China’s economic woes may leave U.S. and others all but unscathed
China’s imports of manufactured items for its own use, rather than to make products for customers in other countries, amount to just 3.5 percent of gross domestic product, according to Setser. And …
Miners boost FTSE 100 on China stimulus optimism
UK’s FTSE 100 advanced on Monday as mining stocks rose after China rolled out new measures to prop up its stuttering economy, while shares of the London Stock Exchange Group (LSEG) climbed on reported …
China says premier will lead its G20 delegation, not president Xi
Premier Li Qiang will lead China’s delegation to the G20 summit in India this weekend, Beijing said Monday, all but confirming President Xi Jinping will snub the meeting of the world’s biggest …
Beijing exchange shares log record daily jump after reform measures
Shares on China’s two-year-old Beijing stock exchange recorded their best daily performance ever on Monday, after the country announced reform measures to improve the market that focuses on smaller innovative tech firms.
