Chinese companies and individuals own farmland across America. But lawmakers in Washington are pushing to block any purchases that could be connected to the Chinese Communist Party.
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China science, technology news summary — June 26
The following is a summary of published science and technology news of China. ORIGIN, EVOLUTIONARY MECHANISM OF SNAKES. Chinese scientists have recent …
NIM to offset China CITIC Bank elevated credit costs: Moody’s
The reopening of mainland China will drive sales of wealth management and insurance products. China CITIC Bank is expected to keep a stable financial profile in the next 12 to 18 months due to its…
Duty-free imports get legislative opposition
Conservatives anxious to counter America’s leading economic adversary have set their sights on a top trade priority for labor unions and progressives: cracking down on the deluge of duty-free packages …
China’s JD.com to open grocery stores by merging 7Fresh, other units
Chinese e-commerce giant JD.com plans to open retail grocery stores through the merger of its 7Fresh supermarket unit with other business lines such as its group-buying arm Pinpin, a company …
China’s Price War Favors the Cars Beijing Is Trying to Phase Out
A dangerous cocktail of intensifying competition, weak consumer spending and sluggish car sales has led to a slew of price cuts in China only extending and deepening — and electric vehicles aren’t necessarily the ones benefiting.
Berkshire Hathaway Sells $86.3 Million Worth of Shares in China’s BYD
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 2.53 million Hong Kong-listed shares of electric vehicle maker BYD for HK$675.80 million ($86.3 million), a stock exchange filing showed.
Chinese stock markets reopen after holiday break to face fresh bout of selling as Beijing’s stimulus support disappoints
Chinese investors dump stocks as Beijing’s policies to support economic growth fall short of market expectations but still some analysts expect more support measures will be rolled out later in the year.
Two more China property developers fail to meet bond repayment obligations, seek advice on resolving defaults
Central China Real Estate and Leading Holdings Group became the latest to default on their debt repayments as China’s property sector’s litany of woes continues with Beijing disappointing expectations …
China’s Property Market Remains Cold Despite Mortgage Rate Cuts
(Yicai Global) June 26 — The Chinese real estate market has remained cold during the three-day Dragon Boat Festival despite cities lowered the floor on mortgage rates for buyers after the central …
China Contends With Weakened Putin After Wagner Mutiny
A once-in-a-generation security crisis in Russia compounded fears in Beijing that a strategic partner central to its global ambitions is not as stable as it hoped, analysts say.
China Smartphone Shipments Back to Double-Digit Growth in May
China’s smartphone shipments jumped 22.6% in May, accelerating sharply from previous months in a positive sign for the country’s struggling mobile device industry.
The U.S.-China Rivalry Is Complicating the World’s Debt Crisis
Suriname, a tiny nation ravaged by recession, inflation and impossible debts, saw its relief held up by superpower politics. It won’t be the only country.