China’s bubble ready to burst, as shown by the China Evergrande Group filing for bankruptcy protection in New York. Construction giants and huge defaults. The woes of Zhongzhi, empire of fina …
Recent Posts
China surprises with modest rate cut amid growing yuan risks
China cut its one-year benchmark lending rate on Monday as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the five-year rate unchanged amid broader …
China state banks seen mopping up offshore yuan to stem currency weakness
SHANGHAI (Reuters) -China’s major state-owned banks were seen actively mopping up the offshore yuan on Monday, three people with knowledge of the matter said, as the currency comes under growing pressure from a darkening economic…
CHINA UNICOM Jul 5G Net Increase Accelerates to Over 5.74M
CHINA UNICOM (00762.HK) reported the aggregate number of “Big Connectivity” subscribers in July amounted to nearly 937 million, representing a net increase of 8.593 million or 0.9% MoM. Among which …
Booming China-Russia Trade Sends Trench-Digging Machines to Ukraine’s Front Lines
Mutually-beneficial ties have given Moscow a customer for its oil and gas and made China the world’s top car-exporting nation.
Popeyes to open 1,700 new China sites in next ten years
These stores will be operated by Tim Hortons China, which acquired exclusive rights this March to develop and sub-franchise the restaurant brand in mainland China and Macao. According to Tim Hortons …
China’s economy is hitting a wall after years of optimism, former Treasury Secretary Larry Summers says
“No one should conclude that we can be complacent about the Chinese geopolitical challenge,” former Treasury Secretary Larry Summers said.
China, Russia-led bloc wants to dethrone US dollar, upend world order
The BRICS bloc of countries led by China and Russia want to upend the U.S. dollar … The message is clear: The non-Western world wants to keep business and economics separate from politics and …
China’s Premier Li: Sino-U.S. relations, economic, trade cooperation face difficulties
Li made the remarks when meeting with Marc N. Casper, board chair of the US-China Business Council (USCBC), in Beijing. Li added that China is willing to work with the U.S. to jointly safeguard …
China Will Develop Core Industries in Digital Economy
BEIJING (Reuters) – China will develop the core industries in the digital economy to drive the country’s economic rebound, state media cited premier Li Qiang as saying at a cabinet study session on Monday.
China’s economy is in trouble. Here’s what’s gone wrong
China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness…
China hits the East Asian demographic wall
For all the talk in Beijing of a unique “China model”, the country’s economic history bears a striking resemblance to the trajectories of Japan and South Korea. The take-off phase is driven by rapid, export-led…
China accuses government worker of spying for the CIA in second public espionage claim
Chinese authorities on Monday publicly accused a government worker of spying for the CIA, the second high-profile espionage case publicized this month as Beijing ramps up its emphasis – and rhetoric – on national security.