“For foreign businesses, it’s the lack of clarity that will remain an unquantified risk to doing business in China,” Daum said. “The addition of work secrets, and mention of information that becomes …
Monthly Archives For February 2024
Country Garden liquidation petition adds to China property woes
By Scott Murdoch, Clare Jim and Xie Yu (Reuters) -Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding …
China’s Country Garden gets liquidation petition from creditor
The troubled property developer said in a regulatory filing it received a “winding-up” petition dated Feb. 27 by creditor Ever Credit Limited. The petition against Country Garden was issued for the …
Ministry of Finance to issue first batch of renminbi treasury bonds in HK
BEIJING, Feb. 28 (Xinhua) — The Ministry of Finance said on Wednesday that it will issue this year’s first batch of renminbi-denominated treasury bonds in Hong Kong on March 13. The scale of the …
Tesla-Rival BYD Touts EVs Under Its Yangwang Brand That Can Float And Dance
Chinese EV giant BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) is showcasing its float-capable Yangwang U8 SUV at the Geneva International Motor Show, marking its Europe debut, days after launching its dancing …
China broadens law on state secrets to include ‘work secrets’
Law requires protection of information that is ‘not state secrets but will cause certain adverse effects if leaked’.
China’s Xian to give lottery tickets to newlyweds in bid to spur births
Authorities in China’s city of Xian will spend 700,000 yuan ($97,000) on lottery tickets to give as prizes to newlyweds who present a marriage certificate, in an effort to encourage weddings at a time …
Embattled China property giant Country Garden faces liquidation petition
Country Garden’s shares fell more than 12% in early trading on Wednesday, amid a continued debt crisis in China’s property sector …
China boosts reforms of local financial regulatory system
[Photo/IC] BEIJING – With reforms of China’s financial regulatory system basically completed at the central level, the country is now advancing such reforms at the local level. At the central level, …
China’s Solar Firms Set to Lower Annual Growth Targets as Profits Crumble
China’s solar industry is likely to set lower expansion targets in 2024, as financial stresses and grid constraints make it challenging to match last year’s explosive growth.
Country Garden faces liquidation petition in new blow to China property sector
Country Garden Holdings said on Wednesday a liquidation petition has been filed against the embattled developer for non-payment of a loan worth $205 million, adding to the woes for China’s liquidity …
Shenzhen offers glimpse of China’s housing future
Xi Jinping’s deleveraging campaign targeting private property developers has led to a softening of growth in the world’s second-largest economy. The Chinese president is nonetheless pressing on with …
First Costco opens in Shenzhen, China: Thousands lined up more than three hours to get in
Costco prepped to launch its first warehouse in South China by opening its Shenzhen location.With a love for big American merchants, tens of thousands of people lined up for more than three hours to …
