Property developer, China Evergrande said it can’t publish its annual financial results on time because its auditor is taking longer than expected to get through the paperwork.
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Can China Achieve Its Growth Target This Year?
In this year’s Chinese government work report, the expected economic growth target for the country is set at 5.5 percent. The government work report stated that the main consideration for setting this …
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China Evergrande says it will delay its financial report.
The news is the latest setback for the hugely indebted Chinese property developer, which fell into default last year.
China Stockpiles Record Cash In Sign of Slow Fiscal Stimulus
China’s government stockpiled a record amount of cash in the first two months of the year instead of spending it, despite numerous pledges by top officials to speed up fiscal stimulus to boost the …
Nike earnings: ‘Sales in China still have issues,’ analyst says
Williams Trading Senior Equity Analyst Sam Poser joins Yahoo Finance Live to discuss Nike’s latest Q3 earnings beat, the supply chain, and Russian and Chinese pressures on Nike’s partnerships.
China’s yuan eases, shrinking yield premium drags swaps to lowest since 2020
China’s yuan eased against a firmer dollar on Tuesday, after the Federal Reserve Chair Jerome Powell said the U.S. central bank must move “expeditiously” to raise rates, adopting a more assertive …
Near-term picture for China’s markets is ‘definitely choppy,’ says Credit Suisse
David Murphy of the investment bank discusses China’s pledge to roll out more market-friendly policies. He says people want to see “meat on the bones” and are waiting for “concrete measures.” …
