China’s credit-fuelled economic strategy has been branded as dangerous by the International Monetary Fund in a strongly-worded statement warning that its approach risks financial turmoil. The IMF used its annual health check on the world’s…
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China’s dangerous debt mountain could spark huge GLOBAL COLLAPSE, the IMF warns
Many economies that have previously rapidly built-up high debt levels have ended in disaster. And now the fund is worried China is heading in the same direction. In a report on the country’s economy, the…
China’s Zai Lab files for $115M Nasdaq IPO to take Tesaro, Bristol-Myers cancer drugs through late-phase trials
Zai Lab has filed to raise up to $115 million in a Nasdaq IPO. The biotech plans to use the money to hustle cancer drugs licensed from Bristol-Myers Squibb and Tesaro through late-phase trials in…
China, India soldiers hurl stones at 1 another in Kashmir
The officer said Indian soldiers retaliated but neither side used guns. China did not immediately comment. An Indian intelligence officer said the confrontation occurred after Indian soldiers intercepted a Chinese patrol that veered into Indian-held…
JD Finance spinoff paves way for listing
JD Finance, the finance unit of China’s second biggest e-commerce player JD.com Inc, has been deconsolidated from JD as a result of the reorganization as of June 30, 2017, which is expected to pave the…
Predicting China’s endgame: Is China merely kicking the can down the road?
We analysed three common ways for unwinding the imbalances facing the economy – an US-style financial crisis, a Japan-type lost decade and a Beijing-preferred soft-landing. In this and the next updates, we will systematically compare…
China’s Financial Support: Entangling Malaysia and Bangladesh in A Debt Trap?
This is post 3 of 4 in the series “Conflicts And Arm-Twisting Will Hurt China’s Efforts to Become a Global Leader” China’s Belt Road Initiative: A Win-Win From Afar Stake Sale in Sri Lanka’s Hambantota…
China’s Xi looks to party congress to cement authority
In a ritual of summer, China’s leaders have been holding an unofficial retreat … at the resort’s quiet beaches and closely guarded guest houses, the official Xinhua News Agency last week carried an account of…
BRIEF-China Aoyuan Property Group says HY gross profit is about RMB2.19 bln, up 35.1 pct
* Expects that income generated from business operations and borrowings will continue to be main sources of funds in coming year Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com) ( read original story …)
Beijing subway passengers can now pay by mobile – unless it’s an iPhone
Beijing subway users have given a mixed response to this week’s official launch of mobile phone payments on the capital’s metro system in China’s latest move to embrace a cashless society. Public reception of the…
China urges U.S., North Korea to ‘hit the brakes’ on threats
China is North Korea’s main economic partner and political … little more before deciding whether to order the missile test, the state-run Korean Central News Agency said. Kim appeared in photos sitting at a table…
China angered at U.S. criticism of religious freedom, says U.S. not perfect
“The so-called U.S. report ignores the facts, confuses right and wrong and makes wanton criticism of China’s religious freedom situation,” she told a daily news briefing. “China is resolutely opposed to this and has lodged…
India and China troops clash along Himalayan border
The PTI news agency said soldiers threw stones … The two countries are also locked in an impasse in the Doklam area, which borders China, India and Bhutan. PTI quoted army officials as saying that…
