Production has been halted at a number of factories, including some supplying Apple and Tesla, due to widespread shortages.
FINANCE
New Beijing bourse aims to boost SME growth amid US-China tensions, poor bank lending
A group of 66 innovative small companies is expected to be listed on the new bourse.. Read more at straitstimes.com.
China will keep normal monetary policy as long as possible, says central bank governor
BEIJING :China’s central bank governor Yi Gang said China will stay with normal monetary policy settings for as long as possible, and that the yield curve can also maintain a normal and upward sloping …
China has tools to avoid Evergrande crisis, says ADB head
China has sufficient buffers and policy tools to prevent debt-riddled developer China Evergrande Group from triggering a global financial crisis, Asian Development Bank President Masatsugu Asakawa …
Electric Car Company’s Financial Woes Mark More Trouble For China’s Evergrande
An electric car company linked to China’s Evergrande is having trouble paying suppliers and will no longer sell new shares on the Shanghai stock exchange. This comes as Evergrande’s main real estate …
You just can’t keep a good thing down: China bans crypto (again)
China banned cryptocurrencies again, but this time the markets hardly noticed. What does this mean for the strength of crypto, and has China just made another big mistake?
World Bank cuts Asia growth outlook, calls for virus action
The World Bank has cut its economic growth forecast for developing countries in East Asia due to the impact of the coronavirus’s delta variant …
PBOC reiterates sound property market development
China will maintain the healthy development of its real estate market and protect the rights and interests of consumers, said the central bank. In a statement released after a quarterly meeting of its …
People’s Bank of China: maintaining the healthy Development of the Real Estate Market
Bank of China: safeguarding the healthy Development of the Real Estate Market] the meeting stressed that we should adhere to the strategy of expanding domestic demand, do a solid job of “six stability …
China’s Latest Attempt to Ban Crypto May Further Prove Benefits of Decentralized, Immutable Assets: Report
Although investors have started to expect a selloff after news of another Chinese crypto ban, the market has “historically recovered,” the report added. As noted in Grayscale‘s report: “For those …
World Bank says Delta variant slowing economic growth in East Asia and Pacific
The East Asia and Pacific region’s recovery has been undermined by the spread of the Covid-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the World …
Cryptocurrency Exchanges Curb Trading From China After Beijing’s Warning
One of the world’s largest cryptocurrency exchanges said it would close all user accounts in mainland China by the end of the year, days after the country’s central bank declared all crypto-related …
Beijing Cautiously Backs Taliban’s Hopes Of International Recognition In Afghanistan
China has emerged as a pragmatic backer of the Taliban’s nascent rule and pushing to get the group more political and economic support.
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