China said one of its financial institutions has reached a preliminary agreement with Sri Lanka on resolving China-related debt, a potentially major step toward resolving the South Asian nation’s …
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China’s Country Garden Succumbs to Debt Crisis After Sales Plunge
The property giant failed to repay a loan and warned that it was unlikely to pay off all its international debt obligations.
Government-backed newspaper China Daily to launch NFT platform
China Daily, a reputable English-language newspaper steered by the Publicity Department of the Chinese Communist Party, is stepping into the digital frontier by initiating a project aimed at creating …
ECARX Stuck At The China Gate In Global Smartcar Race
Summary ECARX has announced a number of big new sales since May, but all are to China-based car makers and brands tied to its controlling stakeholder, Geely founder Li Shufu. The company’s revenue …
IMF Cuts Growth Forecasts for China and Euro Area, Raises for the U.S.
Despite the ongoing recovery from the COVID-19 pandemic, the IMF’s World Economic Outlook predicts … the IMF has cut its growth forecasts for China and the euro area. The IMF’s report highlights the …
Armed with a heavyweight torpedo made to ‘break ships in half,’ Taiwan’s first homemade submarine will represent a new threat to China’s navy
Taiwan’s first domestically made submarine can carry devastating, ship-shredding Mark 48 torpedoes — and potentially other deadly weapons.
Chinese coast claims to have chased away Philippine Navy ship from contested South China Sea shoal
China’s coast guard claims to have chased a Philippine navy ship from a disputed shoal in the South China Sea as tensions between the two countries over rich fishing areas escalate.
Peace With China ‘The Only Option,’ Taiwan President Says
President Tsai Ing-wen, in the final National Day address of her second term, reiterated that U.S.-Taiwan relations remained “rock solid.” …
China touts its Belt and Road infrastructure lending as an alternative for international development
China is touting its 10-year-old Belt and Road Initiative as an alternative model for economic growth as it seeks to win friends and strengthen its leadership of the developing world.
China’s Country Garden warns its first-ever default could come soon as its September sales plunge by over 80% year-on-year
In a stock filing Tuesday, developer Country Garden said it expects to miss some of its foreign debt payments.
China’s Country Garden warns it could default on debt
Property developer has about $200bn in liabilities and says its sales are ‘under remarkable pressure’ …
China’s property crisis just keeps getting worse — property giant Country Garden just warned it may default on its debt
It said in a Tuesday filing it did not make a principal payment of HK$470 million, or $60 million that was due.
China’s Belt and Road generated over $2trln in contracts: Beijing
China is hailing this month the 10th anniversary of its Belt and Road Initiative, which has seen Beijing pour a trillion dollars into projects around the world in a defining geopolitical project for P …