China’s property crisis worsened as state-backed developer Sino-Ocean Group Holdings missed interest payments and shares in developer Country Garden slumped further after it suspended trading of some onshore bonds.
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China property crisis deepens: Country Garden shares slide on bond suspension while Sino-Ocean misses interest payments
METALS-Copper weighed down by China property woes, stronger dollar
LME aluminium CMAL3 shed 0.3% at $2,168.50 a metric ton, tin CMSN3 fell 1.9% to $25,950, zinc CMZN3 shed 0.7% to $2,381.50, lead CMPB3 was little moved at $2,111, while nickel CMNI3 rose 1.9% to…
In the Market: Funds fret over the fallout of Biden’s China order
Fund managers are worried the Biden administration’s move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations.
From boom to uncertainty: Luxury brands face uphill battle as China’s growth slows
Economic downturns, while challenging, offer brands an opportunity to reflect and reinvent themselves. Here are three strategies for navigating China’s tricky terrain.
China’s Worsening Economy Is Hurting Corporate America
Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom.
Taiwan vice president is ‘troublemaker’, says Beijing
William Lai’s stopovers in New York and San Francisco on his way to Paraguay have riled China.
Heavy rains bring deadly flash flood and landslide to northwest China
At least 21 people are dead and six others missing after a flash flood and landslide following torrential rains in the outskirts of northwestern China’s Xi’an city, local authorities said Sunday.
Asahi beer’s mainland China expansion targets Shanghai and Shenzhen before widening retail footprint across the country
Japanese beer company Asahi plans to widen its footprint in mainland China, targeting major cities like Shanghai and Shenzhen in the initial phase before a nationwide expansion in the world’s largest …
Middle school in China under fire for telling girls not to ‘behave flirtatiously’ to avoid sexual harassment
A controversial lesson on sexual harassment at a middle school in southern China has stirred online debate about victim-blaming, with many criticizing both the school and what they say is an …
China Shadow Banking Giant Alarms Investors With Missed Payments
One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.
China sends finance experts to tackle regions’ debts
Since 2015 China has undertaken repeated attempts to curb debt issuance by LGFVs, which ballooned as infrastructure and property spending fuelled booming economic growth but resulted in many …
Praised by Elon Musk, top Chinese EV maker BYD urges China’s car brands to go global and ‘demolish the old legends’
Tesla CEO Elon Musk no longer laughs at BYD. The Chinese electric-vehicle maker is handily beating Tesla in China, the world’s largest auto market, and it’s expanding internationally. Now BYD is …
Joe Biden Has a China Problem
China’s economy has fallen into a period of deflation. Its consumer price index (CPI) fell by .3% in July. Its imports and exports fell sharper than expected last month. Tesla triggered a price war in…
