(Bloomberg) — China’s consumer inflation accelerated in July to the highest level in two years, complicating Beijing’s efforts to get its Covid-hit economy back on track with more stimulus. Most Read …
FINANCE
Why people in China stopped paying their mortgages
“Construction stops, mortgage stops. Deliver homes and get repaid!”That was one of the chants disgruntled apartment buyers in China used at a protest in June. But their ire over unfinished homes …
China property crisis: Why homeowners stopped paying their mortgages
That was one of the chants disgruntled apartment buyers in China used at a protest in June. But their ire over unfinished homes didn’t stop at signs and chants. Hundreds of them stopped paying their…
Foreign Investors Exit China Bonds for Fifth Straight Month
A slowing economy has driven foreign investors out of China bonds for a fifth straight month. China’s $20 trillion bond market has suffered continuous foreign outflows since February amid rising …
China’s Cities Face Tough Choice: More Green Energy or Food
China’s plans to accelerate its world-leading expansion of solar and wind power are facing a major hurdle as floods, droughts and food-supply issues present authorities with a reality check about how …
China’s mortgage boycotts are a symptom of a broader crisis
For years, China’s property developers operated along similar lines. They would sell flats far in advance of building them. The money raised for these flats was supposedly reserved for building them, …
What we know so far about ‘Langya,’ the new virus discovered in China
According to data from Taiwan ’s Centers for Disease Control (CDC), though the virus has already infected 35 people, none have become seriously ill or died. The virus has been identified in China ’s …
China allies: China’s key allies as Taiwan warns of impending ‘invasion’
CHINA’S posturing over Taiwan has raised fears that the global superpower may soon move to annex its island neighbour, potentially igniting a global conflict in a world still reeling from Putin’s …
China discovers potentially fatal new virus passed to humans from shrews
The Langya Henipavirus, known as ‘Langya’, has already infected 35 people says Taiwan’s Centers for Disease Control …
China Graft Probes Stem From Anger Over Failed Chip Plans
China’s top leadership has grown increasingly frustrated with a years-long failure to develop semiconductors that can replace US circuitry, an embarrassment capped by a flurry of anti-graft probes …
Interview: Expectations high on China’s green finance market toward sustainable growth
China’s green finance market is in full swing, thanks to the rapid expansion of green industries and low-carbon transformation of traditional sectors amid the country’s drive to promote sustainable …
China orders surprise audit of $4 trillion shadow banking industry amid mortgage crisis
The move shows how concerned authorities are about contagion from the property sector destabilising the financial industry. Read more at straitstimes.com.
China Orders Surprise Audit of $3 Trillion Trust Industry
China’s top auditor is conducting a review of the $3 trillion trust industry, paving the way for a potential overhaul of a key shadow banking sector where losses on property loans are mounting.Most …