Country Garden said on Tuesday it has not paid two dollar bond coupons due on Aug. 6, confirming market fears that the biggest privately owned developer in China is slipping into repayment troubles.
Recent Posts
Why China’s stimulus plans won’t work – and that’s bad news for us
Leading US economist Adam Posen argues we’re still underestimating the severity of China’s economic malaise, even as analysts race to slash their forecasts for the iron ore price.
China’s economy suffers new blow as exports drop 14% in July
China’s exports suffered their biggest drop in more than three years in July as global demand slowed, adding further pressure on Beijing to find ways to reinvigorate the world’s second largest economy …
China sees sharpest drop in exports since 2020 amid sluggish global demand
It marks their largest decline since a 17.2% drop in January-February 2020 when the Chinese economy ground to a standstill in the early weeks of the Covid-19 pandemic. Apart from a brief rebound in …
VC deal value in Asia falls in second quarter but optimism grows about pick-up in IPOs in Hong Kong and China, says KPMG report
Alternative energy, energy technology, battery storage and generative AI sectors remain areas of interest for venture capital investment in the Asia region.
China assures Russia it remains ‘impartial’ on Ukraine war after attending Saudi peace talks
China’s top diplomat Wang Yi told his Russian counterpart that Beijing remains “impartial” on the war in Ukraine, a day after a Chinese delegation participated in international talks on ending the conflict that included Kyiv,
China’s July exports tumble by double digits, adding to pressure to shore up flagging economy
China’s exports tumbled by double digits in July, adding to pressure on the ruling Communist Party to reverse an economic slump.
China’s trade slumps more sharply than expected as recovery falters – business live
Rolling coverage of the latest economic and financial news
China drafts rules for using facial recognition data
Firms using facial recognition in China will be required to obtain consent or legal permission before collecting personal information, draft regulations released Tuesday said, while stipulating the rules would not apply to some bodies.
Making Sense of China’s Property Sector
Zhaopeng Xing, senior China strategist at ANZ, discusses China’s property sector and his outlook for the housing market. He speaks on Television.
China’s central bank conducts 6b yuan reverse repos
BEIJING – China’s central bank conducted 6 billion yuan ($838.4 million) of seven-day reverse repos at an interest rate of 1.9 percent Tuesday. The move is aimed at keeping liquidity reasonable and …
Shanghai homebuyers warn of mortgage boycott as property crisis spreads to mainland China’s financial and commercial hub
Homebuyers in Shanghai have threatened to stop repaying mortgages as they protest against a developer’s delay in handing over flats These boycott warnings come at a time when property sales are …
China’s Jiangxi Province Used Most of Last Year’s Special Bonds to Fund New Projects, Report Says
Jiangxi province had issued CNY681.6 billion (USD94.5 billion) of special debt as of the end of last year, ranking 14th in the country. Its total debt balance was CNY1 trillion (USSD150.5 billion), …