After offering loans to countries in Africa China is now leveraging the debt trap to strategically penetrate the continent political landscape …
FINANCE
China’s once profitable railways records $900bn debt over push for growth
What was once China’s profitable high-speed railways is now heading towards a trillion-dollar disaster after reports of debt nearing a whopping $900 billion …
Chip shortage, China lockdown bite JLR; June quarter retail sales fall 37%
The retail sales were lower by nearly 46,000 units on a y-o-y basis, while that on a sequential basis were down by 183 units, the luxury vehicle manufacturer said in a regulatory update.
ETFs come to China with a vengeance
China saw a boom in homegrown exchange-traded funds, growing faster than stocks. Now the country is letting foreign investors trade those ETFs via Hong Kong.
China considers $313 billion stimulus with unprecedented bond sales
The move underscores growing concerns in Beijing over the dire state of the world’s second-largest economy. Read more at straitstimes.com.
Dalian iron ore up on China stimulus hopes, but COVID concerns drag on Singapore
Dalian iron ore prices jumped on Friday, underpinned by renewed hopes for additional infrastructure spending by China, but futures in Singapore slipped on demand worries due to COVID-19 lockdowns in …
China’s once profitable railways record USD 900bn debt amid push for expansion
What was once China profitable high-speed railways is now heading towards a trillion-dollar disaster after reports of debt nearing a whopping USD 900 billion …
China developers face $13bn wall of dollar bond payments in second half
Chinese property developers face a $13bn wall of foreign currency bond payments in the second half of this year, as a mounting default tally darkens the market outlook. China’s real estate sector has …
China Considers US$220 Billion Stimulus With Unprecedented Bond Sales
China’s Ministry of Finance is mulling selling 1.5 trillion yuan of bonds in 2H2022 to pump prime slowing economy, Bloomberg says …
Vivo illegally remitted massive Rs 62,476 crore to China: ED seizes Rs. 465 crore, 119 bank accounts
Vivo’s Indian subsidiary is accused of remitting almost 50% of its turnover, amounting to Rs 62,476 crore, to China, in a bid to avoid paying taxes in …
What a tycoon’s trial says about the rot in China’s financial system
So far they have heard nothing, not even as his trial kicked off in a Shanghai courtroom on July 4th. All details of the charges he faces have been kept secret. The only official recognition…
What Cramer is watching Thursday — another rally, retail catch-up cuts, possible China stimulus
What I am looking at July 7, 2022 The Micron Rally, will it continue? Samsung reports better than expected earnings per share, 21% jump in revenue. Taiwan Semiconductor (TSM) jumps, too. Is it time to…
India blocks 119 accounts linked to China’s Vivo in money laundering probe
India’s financial crime agency said on Thursday it has blocked 119 bank accounts linked to Vivo’s India business which were holding 4.65 billion rupees ($58.76 million), as part of a probe into …
