Homebuyers in Shanghai have threatened to stop repaying mortgages as they protest against a developer’s delay in handing over flats These boycott warnings come at a time when property sales are …
FINANCE
China’s Jiangxi Province Used Most of Last Year’s Special Bonds to Fund New Projects, Report Says
Jiangxi province had issued CNY681.6 billion (USD94.5 billion) of special debt as of the end of last year, ranking 14th in the country. Its total debt balance was CNY1 trillion (USSD150.5 billion), …
Can China’s second-gen factory owners give ‘made in China’ a second chance in crisis?
Like young monarchs, suddenly thrust at the helm of their family’s legacy, China’s Gen Z and millennials are returning home to oversee decades of business growth in difficult times.
China’s central bank conducts 6-bln-yuan reverse repos
BEIJING, Aug. 8 (Xinhua) — China’s central bank conducted 6 billion yuan (838.4 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent Tuesday. The move is aimed at …
China’s central bank conducts 3b yuan reverse repos
BEIJING – China’s central bank conducted 3 billion yuan ($420.29 million) of seven-day reverse repos at an interest rate of 1.9 percent Monday. The move is aimed at keeping liquidity reasonable and …
Don’t buy HSBC executive’s fake apology over China propaganda boosting
The head of public affairs for Britain’s multinational HSBC bank has sparked controversy by claiming that London was “weak” for supporting U.S.-led measures to restrict certain trade with China.
“Economic long COVID” could mean China’s economy is weaker than it looks
The Chinese economy is in worse long-term shape than is widely understood, a prominent American economist is arguing, in ways that cannot be easily fixed. It is “economic long COVID,” featuring a …
Beijing tells Philippines to remove grounded warship from disputed South China Sea reef after latest clash in long-running territorial dispute
Beijing has urged the Philippines to remove an “illegally” grounded warship from a reef in the disputed Spratly Islands after an incident over the weekend where Chinese coastguard ships fired water …
Banking on the mainland
When China announced the country’s surprise reopening in January, every business sector in Thailand responded enthusiastically to the news, particularly the tourism industry, which earned more than …
A sports star. An actor. Now a top diplomat: Why do China’s public figures keep disappearing?
Alibaba billionaire Jack Ma has rarely been seen in public since he criticized China’s financial regulators. Qin Gang, one of China’s most powerful diplomats, disappeared in late June. Sometimes the …
Analysis: China can no longer ‘extend and pretend’ on municipal debt
China’s promised “basket of measures” to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: dipping into …
Is China ready to play larger role in ‘debt-for-nature swaps’ to help nations facing climate and debt distress?
China, the biggest creditor to developing economies, has been pressured to explore using debt-to-nature swaps to alleviate the debt burden of Asia Pacific nations, but is not prepared to do so without …
China’s economic losses from natural disasters surge to billions, adding more pressure to struggling economy
A magnitude 5.5 earthquake strikes eastern China as rain continued to pelt the north-eastern regions in the wake of Typhoon Doksuri, adding more pressure to the country’s struggle to recover its …
