C hinese officials have launched an investigation into one of the country’s biggest shadow banks, which has lent billions to real estate firms. Zhongzhi Enterprise Group (ZEG) has an asset management …
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China investigates major shadow bank for ‘crimes’
China raises fuel oil import quotas by 3 mln tons for non-state firms
China has issued an additional 3 million metric tons in fuel oil import quotas in 2023 for non-state firms, according to a notice released by the country’s Ministry of Commerce on Monday.
Opinion: The big question about the Israel-Hamas truce
By striking the deal, the two sides stirred hope for an eventual end to the bloodshed: the ceasefire can be extended if Hamas frees more of the people it is holding. How long will it…
Jefferies discusses China’s probe into shadow bank Zhongzhi
Shujin Chen, China economist and head of China financial and property research at Jefferies, discusses the country’s shadow banking sector, which she says is “largely affected by the property …
China Needs to Unblock, Sustain Financial Channels for Private Firms
Efforts should be made to “unblock” financial channels such as loans, bonds and shares, said the People’s Bank of China (PBOC) in a joint statement with seven other government departments and …
Jack Ma, the poster boy of China’s tech scene, is moving into the food business
Alibaba cofounder Jack Ma has set up a company called “Hangzhou Ma’s Kitchen Food.” …
Beijing Pledges More Financial Support to Aid Private Economy
Chinese authorities rolled out a new set of measures to pump more financial resources to help the country’s struggling private sector.
Beijing fosters foreign allies among influencers for propaganda
They get access to both China’s internet and global platforms, and cash in on both China is offering foreign influencers access to its vast market in return for content that sings its praises and …
China seeks more fever clinics to combat surge
STORY: National Health Commission spokesperson Mi Feng said in a news conference that the surge in acute respiratory illnesses was linked to the simultaneous circulation of several kinds of pathogens,
Concerns mount in Japan over China’s graphite export curb
Concerns are mounting among Japanese companies over China’s decision to restrict exports of graphite, a key material used in the production of lithium-ion batteries.
How import expo became nation’s shared public product
For journalists, it could be a challenge scampering from one corner of the vast venue in Shanghai to another for an interview, and then scurrying back to attend a forum starting in the next minute.…
China’s Realme, sister brand of Vivo, Oppo, surges past 200 million smartphone shipments
Realme, owned by Chinese consumer hardware giant BBK Electronics, says it reached the milestone in the second quarter The company plans to take on premium phones with its coming Realme GT 5 Pro, which …
China-Based Zhongzhi Reveals Liabilities of up to USD64 Billion Amidst Property Sector Crisis
The deteriorating financial situation of Zhongzhi, a significant player in China’s shadow banking sector, which is roughly the size of the French economy at $3 trillion, raises concerns about the …
