Defaults by borrowers in China has surged to a record high since the outbreak of the coronavirus pandemic. Financial experts said the figures highlighted the depth of the country’s economic downturn.
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China’s economic crisis grows as record 8 MILLION default on mortgages and loans: ‘Situation could get worse’
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China Evergrande liquidation hearing in Hong Kong court adjourned to January
A court hearing into a liquidation petition filed against China Evergrande Group was adjourned in a Hong Kong court to next month, allowing more time to finalise a debt restructuring proposal in a major relief…
France Urges Beijing To Help Avert ‘Crisis’ In South China Sea
France’s top diplomat urged Beijing on Monday to re-think its assertive behaviour in the South China Sea, saying the “world doesn’t need a new crisis”.
S. Korea vows swift consultations with China over delay of urea exports
South Korea’s trade ministry said Monday it would swiftly consult with the Chinese government over Beijing’s delay of customs procedures for urea exports to Seoul. Choe Nam-ho, a spokesperson for the …
China, Japan, and South Korea Announce Joint AI Cooperation at Foreign Ministers’ Meeting
In a landmark development, China, Japan, and South Korea have pledged to strengthen their cooperation in advanced technology sectors, focusing on big data, blockchain, and artificial intelligence (AI) …
Niche Chinese brands on rise as cosmetics market recovers
According to the 2023 China Skincare Industry Omni-channel White Paper, released by NIQ and GfK, skincare products, a main segment of the cosmetics industry, reached 325.3 billion yuan ($45.6 billion) …
McDonald’s raises China bet, buck Western firms’ derisking trend
The decision by McDonald’s to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky – but the potential pay-off is …
China’s BYD says will keep reward system for smear campaign tipsters
China’s electric vehicle giant BYD said on Sunday it would make permanent its system offering tipsters who report smear campaigns against the company up to 5 million yuan ($700,918).
World Insights: Europeans flock to China with visa-free access
Under a visa-free entry policy effective from Friday ordinary passport holders from France Germany Italy the Netherlands Spain and Malaysia are n
Belarus, China hail deepening ties in Beijing talks
Chinese President Xi Jinping and Alexander Lukashenko hailed strengthening ties on Monday, as they held talks during the Belarusian leader’s second trip to Beijing this year. Lukashenko, a staunch …
China’s Xi meets Belarusian counterpart Lukashenko in Beijing
China’s President Xi Jinping on Monday hosted visiting Belarusian counterpart Alexander Lukashenko, who arrived in Beijing a day earlier.
China accuses U.S. of violating its sovereignty in disputed waters
China on Monday accused the U.S. Navy of violating its sovereignty when its USS Gabrielle Giffords warship sailed near a submerged reef in disputed waters of the South China Sea.
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