Embattled Chinese real-estate giant Evergrande has been ordered by a Hong Kong to liquidate following two years of debt crisis.
Monthly Archives For January 2024
Taiwan’s foreign minister pushes back at Beijing’s criticism of incoming President William Lai
Taiwan’s foreign minister has rejected Beijing’s warning that the election of Taiwanese President William Lai would jeopardise the status quo between China and Taiwan.
Evergrande’s fate hinges on recognition of China authorities
Any liquidation of property giant Evergrande hinges on Chinese authorities recognising the ruling of a Hong Kong court, in a decision that could also effect the city’s standing as a global financial centre,
Key China Bond Yield Hits Lowest in Over Two Decades as Easing Hopes Rise
The yield on China’s benchmark government bond dropped to its lowest level in over two decades on growing expectations that Beijing will deliver more monetary policy easing to help bolster its economy …
Beijing to expand green space coverage
Beijing plans to complete afforestation of 10,000 mu (666.67 hectares) while adding another 200 hectares of urban green space in 2024, said Gao Dawei, head of the bureau, adding the city will strive …
Beijing faces tough choices as its real estate crisis deepens
Beijing has the invidious choice of either ploughing yet more debt into its property market to limit the damage caused when its massive real estate bubble burst, or sitting back as mini-bubbles …
Large-Scale 5.5G Network Pilot in Beijing by China Unicom & Huawei
China Unicom Beijing and Huawei have successfully deployed a pilot large-scale 5.5G network in Beijing to provide continuous coverage in three key areas, including Beijing Financial Street in the city …
Beijing embraces Spring Festival with 10,000 activities
Beijing will introduce nearly 10,000 festival themed activities around the Chinese New Year holiday, the city announced at a press conference Monday. Traditional temple fairs and festive activities …
Shopping malls ready for Spring Festival in Beijing
Shopping malls, museums and parks across Beijing have been integrating more forms of entertainment with traditional shopping and tourism business to attract more visitors during the upcoming Chinese …
Why China’s great property bust threatens to backfire on the West
After years of turbulence, Chinese property giant Evergrande was hit with a winding-up order by a judge in Hong Kong on Monday, setting up a multibillion-dollar battle between Western creditors and Chinese authorities.
Stock market today: Chinese stocks lead Asia’s gains, Evergrande faces liquidation
Asian markets opened the week on a positive note, with Chinese regulators announcing measures to support the country’s teetering stock markets while heavily indebted property developer China Evergrande was ordered to undergo liquidation.
Stock market today: Wall Street climbs ahead of Big Tech profit reports and Fed meeting
U.S. stocks rose Monday to kick off a week where Wall Street’s most influential stocks may show whether the huge expectations built up for them are justified. The S&P 500 gained 36.96 points, or 0.8%,
Stocks in Asia slip as China property sector worries weigh
Asian shares fell on Tuesday, hurt by the court-ordered liquidation of property giant China Evergrande while rising geopolitical tensions propped up oil prices and kept a lid on risk appetite ahead of
