Chinese property developer Kaisa Group said on Thursday it expects to report a bigger net loss for the first half of the year, hurt by a decline in property deliveries and higher impairment provisions …
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China’s Kaisa forecasts bigger H1 net loss on slower property deliveries
Vanke Girds for First Semi-Annual Loss in Over 30 Years, Reflecting China’s Broader Property Sector Woes
Vanke is bracing for losses of between CNY7 billion (USD981.1 million) and CNY9 billion in the first six months due to the shrinking scale of real estate development, a narrowing gross margin as well …
PwC braces for 6-month ban in China over Evergrande audit, FT reports
(Reuters) -PwC China has informed its clients it expects a six-month business ban by Chinese authorities as early as September as part of punishment for its audit of collapsed property developer Evergrande,
China Market Update: The Story Of Walmart & JD.com
Asian equities were mixed on light volumes and little news pre-Jackson Hole. According to Google, the Philippine Stock Exchange was closed for Ninoy Aquino Day, commemorating the assassination of former Senator Benigno “Ninoy” Aquino,
Feds accuse pro-democracy activist who once protested in Tiananmen Square of secretly working for China’s intelligence agency decades later
Yuanjun Tang once protested against the Chinese Communist Party during the 1989 Tiananmen Square demonstrations, court documents said.
US clinical trials in China questioned by US lawmakers
A bipartisan group of lawmakers on Tuesday called on the Biden administration to ramp up scrutiny of U.S. clinical trials conducted in China, citing the risk of intellectual property theft and the possibility of forced…
China deploys drone frying laser weapon on 1st warship to counter US allies
China has reportedly installed a laser-directed energy weapon on an amphibious ship, signaling a move towards energy-based defense systems. A laser system is aimed to counter drones, satellite …
China Resources Beverage Pumps Up Water Fight With Market Leader
China Resources Beverage is preparing a Hong Kong IPO, saying it’s China’s biggest purified drinking water company with 32.7% of the market Archrival Nongfu Spring has thrown down the gauntlet by re-e …
China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says
Warnings by China’s central bank about excess exposure to long-dated sovereign bonds are aimed at curbing potential systemic risks if yields continue to fall, a senior official at a financial market association said.
China’s Exports of Critical Minerals Recover After Curbs Imposed
Chinese exports of critical minerals are returning to more normal levels, undercutting fears that the restrictions imposed by the government last year could choke off supplies crucial to high-tech manufacturers around the world.
China’s Economic Woes Deepen With Sky-High Youth Unemployment
Beijing abruptly stopped these reports until December 2023 after posting a whopping 21.3 percent youth unemployment rate in June of that year. Under the new methodology—which notably excludes students,
Has Free Trade Left Us Vulnerable to China?
There may be a case in which we should be willing to ‘pay the price for protectionism.’
Biden revamps US nuclear deterrence posture in face of China, Russia, North Korea aggression
The White House says no changes were made to the U.S. nuclear posture in direct response to a specific nation or security threat, as China expands its nuclear warhead stockpiles, despite report.
