A state-backed property project in China has received the first development loan under Beijing’s so-called “whitelist” mechanism and two major cities have eased home-buying curbs, state media reported,
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China unveils new property support measures amid concerns about Evergrande fallout
CHINA MOBILE Buys back 155K Shrs for $9.92M+
CHINA MOBILE (00941.HK) announced that it repurchased 155,000 shares of the company today (23rd) at $63.3-64.5 per share, involving $9.9227 million.Since the ordinary resolution wa… CHINA MOBILE …
China’s major state banks defend yuan as stock markets slide – sources
China’s major state-owned banks were heavy sellers of dollars on Wednesday, three people with direct knowledge of their activity said, steadying the yuan as it came under pressure in currency trade as …
Evergrande’s liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book CEO says
“China’s non-commercial financial system ensures there won’t be a ‘Lehman Moment’, since the government effectively controls all of the intermediaries in the economy and can force them to continue to …
China warns local govts not to misuse tech innovation funds
China on Wednesday published revised rules on how local governments should manage funds allocated by Beijing for scientific and technological innovation, at a time when local government finances are …
State-backed ‘national team’ of investors piles in to support China stocks
A rescue operation is underway in China’s equity markets with large and unusual flows into blue-chip funds suggesting a plunge by state-backed investors.
New China defence minister holds video talks with Russia’s Shoigu
China’s new defence minister Dong Jun held a video call with his Russian counterpart Sergei Shoigu on Wednesday, according to a defence ministry statement, in his first public engagement since being appointed last month.
Taipei protests against Beijing’s ‘unilateral’ moving of flight path closer to sensitive median line
Taiwan has protested against China’s “unilateral” adjustment of civil aviation flight routes that could result in civilian aircraft flying closer to the sensitive Taiwan Strait median line, adding pressure on Taipei in its aviation safety…
Myanmar Junta Takes Heavy Hits Three Years After Coup
One morning last October as the dawn light touched the cold hills of northern Myanmar a barrage of rockets and drones streaked through the sky and slammed into dugouts and bases housing military troops.
Evergrande’s liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book COO says
“China’s non-commercial financial system ensures there won’t be a ‘Lehman moment,’ since the government effectively controls all of the intermediaries in the economy and can force them to continue to lend, supply, borrow, etc,” China…
Evergrande Liquidation’s ‘Snowball Effect’: What’s Next For China’s Troubled Real Estate Sector?
Hong Kong court orders liquidation of China Evergrande, biggest real estate developer, sending shockwaves through financial community.
China’s big airlines set for fourth straight lossmaking year
China’s three major airlines are on track to extend a lossmaking streak to a fourth year, as analysts warn that the country’s uncertain economic growth and fewer direct US flights are weighing on …
China comes just shy of Japan as the world’s largest car exporter
More than 70% of China’s car exports in 2023 were of gasoline-powered vehicles, according to the country’s Ministry of Commerce.
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