Moody’s Investors Service cut its outlook for eight Chinese banks to negative from stable, a day after unveiling a bearish stance on the nation’s sovereign bonds due to concerns over the level of debt.
Monthly Archives For December 2023
Brazen man in China demands US$280 to return lost mobile phone, threatens to delete contents if owner doesn’t pay up
A brazen man in China has been heavily criticised on mainland social media after he demanded US$280 to return a mobile phone he found in a restaurant to its owner.
Three more Signa companies file for insolvency as Moody’s warns on banks
Three more divisions of the European real estate and retail group Signa filed for insolvency on Wednesday, another turn for the worse for the embattled Austrian company that has become the biggest casualty so far…
Mint Explainer: Should India be worried about China’s ‘walking pneumonia’?
The mysterious respiratory outbreak in China has been particularly harsh on children. But it may not be as much trouble as was Covid-19 …
US Ally Plans Multinational Patrols to Counter China
The chief of staff of the Philippines’ armed forces said multiple countries have expressed interest in joint drills in the disputed South China Sea.
China Takes Swipe at US After Deadly Osprey Crash
U.S. forces in Japan are carrying out a ‘search and recovery’ mission to find parts of crashed Osprey as the likelihood of survivors is low …
Italy to withdraw from China’s belt and road initiative, say sources
Decision of only G7 nation to join project reportedly communicated to Beijing three days ago …
How Is China’s Economy Doing? Not Nearly as Well as China Says It Is
China turned things around. Instead, the opposite happened.
Italy pulls out of China’s trade route pact
Italy will pull out of China’s flagship Belt and Road Initiative (BRI), the government has confirmed. Prime Minister Giorgia Meloni’s administration notified Beijing that it would cease participating in the BRI ahead of a deadline…
Nvidia working with U.S. on China chip controls
China Nvidia working with U.S. on China chip controls. Posted . Nvidia is working closely with the U.S. government to ensure new chips for the Chinese market are compliant with ex
China spy agency lashes out at ‘ill-intentioned foreign forces’ that conflate espionage with business
Ministry of State Security seeks to quell accusations that China’s revised anti-espionage law has worsened economic decoupling and the operating environment for foreign firms, as they have …
China’s Electric Car Assault On Europe Hits Unexpected Ship Snag
European electric vehicle sales have stalled and should accelerate again soon. But a lack of specialized ships to transport exports might stymie China’s ambitious plans.
EU to press China on industrial overcapacity at Beijing summit
EU leaders will stress their rising concerns about Chinese industrial overcapacity when they meet President Xi Jinping for a summit in Beijing on Thursday, amid signs China is pumping more funding …
