China Evergrande Group will hold an investor call at 1300 GMT on Wednesday together with financial advisers, sources said. Executive Director Siu Shawn and a member of the property developer’s risk …
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China’s fiscal revenue jumps 10.7 pct in 2021 on stronger economic recovery
A worker is busy at the workshop of an auto parts manufacturing company in the Langfang Economic and Technological Development Zone of Langfang City, north China’s Hebei Province, Dec. 25, 2021.
China c.bank lifts yuan midpoint to near 4-year high
China’s central bank lifted its official yuan midpoint to a near four-year high against the dollar on Wednesday, pushing its value against major trading partners to the strongest since August 2015.
What Is a Central Bank Digital Currency (CBDC)?
With the goal of DeFi to put power into people’s hands rather than under the control of conglomerate entities, some think Central Bank Digital Currencies (CBDCs) are counterintuitive to the Web3 …
China Stock Market May Take Further Damage On Wednesday
The China stock market headed south again on Tuesday, one day after ending the three-day losing streak in which it had dropped more than 45 points or 1.3 percent. The Shanghai Composite Index now …
Shadowy China Firms Spend Billions on Land Shunned by Developers
On the surface, the recent land auction by the Chinese city of Rizhao appeared routine. There were four bids, pushing the price up 11% to $170 million. A closer look reveals something curious: The …
China’s Coattails Are Safer Than Houses for Investors
MSCI China’s real estate sub-index has lost 30% in 12 months. For years, overseas investors shunned shares of the country’s biggest state-owned banks on suspicion that their bad loans were far higher …
China’s Realme eyes Europe’s high-end smartphone market with new launch
China’s Realme will enter Europe’s high-end handset market next month with its priciest ever device, its CEO told Reuters, as it looks to expand beyond its budget offerings and sell 50% more …
China says 2021 fiscal revenues rise 10.7% year-on-year
BEIJING: China’s fiscal revenues rose 10.7 per cent in 2021 from a year earlier to 20.25 trillion yuan (US$3.20 trillion), Vice Finance Minister Xu Hongcai said on Tuesday (Jan 25). Fiscal …
Olympics: Hockey Canada unveils men’s roster for Beijing Games
Hockey Canada has assembled a mix of old names with a few dashes of up-and-coming non-NHL talent with its roster for the men’s Olympic hockey competition in Beijing. Here’s the full list: Daniel Carr …
Ecuador’s president wants to untie oil output from debt on China visit
Ecuador’s President Guillermo Lasso said on Tuesday he will seek to disconnect the handover of crude from outstanding debt to China during a visit to the Asian country next month, part of his plan to…
China Faces a Host of Problems and the Olympics Haven’t Even Started
In summer 2008, the Beijing Olympics marked a big moment in China’s progress toward global power. With that spotlight came controversy; activists used the event to highlight the government’s …
Beijing Will Save Housing Projects, But Not Necessarily Developers
To head off a deepening housing downturn, Beijing is backpedaling a bit on tough leverage rules. That might not be enough to save weaker developers.
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