China has successfully launched the second of three modules that will eventually make up its Tiangong space station.
FINANCE
Chinese banking scandal: financial official placed under investigation
Banking watchdog says Li Huanting, who was once responsible for overseeing the banks in question, is facing a disciplinary probe The announcement comes two weeks after a protest in Henan province saw …
Beijing plans strategy to avoid US market delistings: report
Chinese companies need to comply with a law passed in 2020 that requires companies to open their audit files or face being delisted from U.S. markets.
Could China Be Headed for a Lehman-Style Crisis? This Property Bust Is Different.
Unlike the U.S. global financial crisis, the amount of leverage propping up in Chinese speculative investments is more limited, and household balance sheets and high savings rates act as a buffer.
China meltdown: Xi sends TANKS out as furious uprising breaks out on streets of Henan
CHINA’S President Xi Jinping was forced to send tanks onto the streets to protect banks from angry customers, according to reports.
China turns to durian diplomacy to boost ties with Southeast Asia
It is probably the most controversial fruit in the world, and haters often complain that it smells just like rotten onion or stinky eggs. However, the durian, also known as the “king of fruit” to…
World worried after China’s property sector suffers another blow
As property developers flourished, housing prices also soared. That worried the government, which was already concerned about the risk posed by debt-laden developers …
China probes banking inspector in Henan province after fraud case, protests
China’s banking regulator on Sunday said it is investigating an inspector at its bureau in Henan province, which has seen protests by depositors unable to retrieve funds following suspected fraud at a …
China faces US$6.5 trillion green financing gap to reach 2060 net-zero carbon emissions goal, WEF report finds
The world’s biggest emitter of greenhouse gases faces a shortfall of 44 trillion yuan in green financing over the next four decades as it strives to hit its carbon neutrality goal, according to a …
Fed Up With Lockdowns, China’s Rich Want To Leave Home: Where Would They Go?
The problem is that they have had enough of the lockdowns, including the rich who want to leave home, according to a recent Financial Times report, which gathers data on immigration inquiries with …
China pushes back as homebuyers protest mortgage issues
The projects include some from developers such as China Evergrande, whose chairman was just forced out, and Kaisa Group. Censors have been scrubbing references to mortgage boycotts and online …
China’s home-grown C919 jet nears certification as test planes complete tasks
China’s homegrown C919 narrow-body jet, designed to challenge the Airbus-Boeing duopoly, is nearing certification as its test planes completed all of the test flight tasks, the company said on …
China ready to deal with US tightening
China will observe the ongoing monetary tightening in the United States and should be able to deal with any possible spillover effects, given the prospects for its stable economic growth and the …
