China Construction Bank Corp (CCB) , the country’s second-largest lender by assets, on Sunday posted a 10.7% fall in first-half profit, the biggest January-June decline since its market debut in 2005. ( read original story…
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UPDATE 1-China Construction Bank posts 10.7% profit fall, biggest since 2005
China Construction Bank Profit Drops 11% on Bad Loan Surge
China Construction Bank Corp., the world’s second-largest lender by assets, reported its worst earnings in more than a decade as a cascade of loans to businesses across China are going bad.Net income … ( read…
China’s Big Banks Post Worst Profit Slump on Bad Debt Wave
China’s biggest banks are suffering their worst profit decline in more than a decade as a cascade of loans to businesses across China are going bad. Reporting their first-half earnings on Sunday, … ( read…
China’s Brand of Communism
Communism is back in the news. That’s in part because the Trump administration has made a national priority of informing the public about the China challenge. Earlier this summer four … ( read original story…
Senior China diplomat says it’s possible to agree EU-China investment accord by end-2020
The Chinese government’s top diplomat, State Councillor Wang Yi, said on Sunday it was possible to conclude an EU-China investment accord by the end of 2020. ( read original story …)
Opinion: COVID-19 shows we cannot rely on China for medical supplies
America cannot afford supply chain disruptions that led to product shortages like those we experienced at the outset of this pandemic, Walberg writes. ( read original story …)
South Korea running out of sickbeds in COVID-19 resurgence
South Korea reported more than 300 infections of the new coronavirus on Saturday, the 16th day of three-digit rises, fanning concerns about a worsening shortage of sickbeds amid a resurgence of … ( read original…
TikTok: China’s new export rules could give Beijing control over sale: expert
China has updated a list of technologies banned for export to include categories that could apply to the video-sharing app TikTok. This would give Beijing the last word on whether the app must sell ……
China Construction Bank posts 10.7% H1 profit fall
BEIJING/SHANGHAI, Aug 30 (Reuters) – China Construction Bank Corp (CCB) , the country’s second-largest lender by assets, posted on Sunday a 10.7% fall in first-half profit, the biggest profit decline … ( read original story…
China Oil Refining Giant Bleeds After Covid Saps Fuel Demand
(Bloomberg) — Sinopec posted its first-ever loss over a half-year as pandemic lockdowns and the oil price crash continue to weigh on oil giant earnings even as the country’s economy recovers.The net … ( read…
China residential property sector a ‘slow growth market’ now, as sales and profits decline, Beijing steps up cooling measures
It is tough being a residential property developer in mainland China at the moment. Profits and sales have largely diminished, and only the government’s cooling measures seem to lie ahead for the 16 … (…
China export restrictions pose new risk for TikTok sale in US
China’s inclusion of new technologies on an export restrictions list could hamper TikTok’s sale in the US, according to state media reports, in the latest ratcheting up of trade tensions between the … ( read…
China’s new tech export controls could give Beijing a say in TikTok sale
China’s new rules around tech exports mean ByteDance’s sale of TikTok’s U.S. operations could need Beijing’s approval, a Chinese trade expert told state media, a requirement that would complicate the … ( read original story…
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