China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing’s crackdown on excessive borrowing and rampant speculation in the real estate …
FINANCE
China’s bond market issuances top 5.06t yuan in November 2022
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING– Bond issuances in China topped 5.06 trillion yuan ($726.53 b …
China’s economy ends year in major slump as Covid infections surge
Official data over the weekend showed the decline in manufacturing worsened last month, while activity in the services sector plunged the most since February 2020 …
Top 10 financial centers in China
The total added value of the financial industry in 36 Chinese financial centers reached 5.69 trillion yuan ($816.5 billion) in 2021, accounting for 62.4 percent of the figure in the country. By the …
What the great reopening means for China—and the world
Meanwhile, exchanges between China and the outside world fell to their lowest in decades. Few foreign students remain in the country. Overseas tourism has collapsed. Mr Xi himself has only recently …
China’s top economic planner vows more efforts to boost private sector recovery in 2023
China will unswervingly deepen economic reform and focus on … and they need stronger support from the government and financial institutions, said Cao Heping, an economist at Peking University. “For …
Hong Kong property expected to recover on China border reopening, finance chief says
Hong Kong Financial Secretary Paul Chan said he is optimistic about the city’s economic prospects for this year and expects the local real estate market to rebound after the China border reopens. Read …
Xi Warns of Tough Covid Fight, Acknowledges Divisions in China
President Xi Jinping said tough challenges remain in China’s fight against Covid-19 and acknowledged divisions in society that led to rare spontaneous protests, after weeks of silence on a virus …
US Financial, Weapons Aid In Ukraine Weakening Resolve In Indo-Pacific With China: Report
US is “threatened by a far more powerful rival in China,” and its dedication in Ukraine may be weakening its geopilitical focus, the report stated.
Hong Kong property expected to recover on China border reopening: Finance chief
HONG Kong Financial Secretary Paul Chan said he is optimistic about the city’s economic prospects for this year and expects the local real estate market to rebound after the China border reopens. …
BRI gives new push to China’s economic diplomacy
The increasing size of China’s military and economy is indicative of the trend that she is now emerging as a new superpower, or rather, has already emerged as a global superpower. In the age of…
Xi warns of tough COVID fight with China economy on back foot
President Xi Jinping said tough challenges remain in China’s fight against covid-19 and urged patience, after weeks of silence on a virus policy pivot that’s infected hundreds of millions and …
China’s 1.4 Billion Population To Drop
Among the largest challenges China faces as its population grows older is the cost of supporting them financially and caring for their health. This looks something like the America Social Security …
