A China Welfare Lottery sales station is seen in Hangzhou, East China’s Zhejiang province, on May 24, 2021. [Photo/IC] BEIJING — China’s lottery ticket sales totaled 29.39 billion yuan (about $4.6 …
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China’s Property Woes Worsen as Home Prices Slip in November-Survey
China’s property market woes worsened in November, with prices for both new and resale homes falling amid weaker demand in bigger cities, a private-sector survey showed on Wednesday. The property …
China debt: there’s more than meets the eye
But with international bond market and loan market all but shut for the sector — thanks to volatility emanating from the debt crisis at high-profile firm China Evergrande Group — developers are …
China’s Developers Face $12 Billion in Trust Payments This Month
Chinese developers are facing $12 billion in trust payments coming due in December, posing a major challenge for the sector whose liquidity squeeze has spooked global markets. The firms have already …
China’s QDII approved quotas reach $154 billion
The approved quotas of the Qualified Domestic Institutional Investor (QDII) program, a program that allows Chinese investors to access foreign assets, totaled $154 billion as of Tuesday, said the …
China’s Xi pledges another 1 bln COVID-19 vaccine doses for Africa
China will deliver another 1 billion doses of COVID-19 vaccines to Africa and encourage Chinese companies to invest no less than $10 billion in the continent over the next three years, President Xi …
Sokhonn plans China trip
Minister of Foreign Affairs and International Cooperation Prak Sokhonn will lead a delegation on an official visit to Hangzhou City in China’s Zhejiang province from December 3-5.
China Dongxiang Sees Big Financial Loss
A RMB 661 million ($102.2 mm) investment loss for the Chinese footwear and apparel brand resulted in a net loss attributable to shareholders of RMB 747,949,000 ($115.6 mm) compared to income of RMB 1, …
China: Central Bank performs (CBS) procedure
Nov. 30 the People’s Bank of China performed the central bank bills swap (CBS) procedure in 2021, for its 11 round, to enhance the liquid …
Growth supports financial stability
What does this mean for China’s post-pandemic economic recovery and growth prospects? To begin with, the energy crisis that started when a rapid increase in exports, driven by the global recovery, …
Kamala Harris-led Space Council faces challenges from Russia and China
The Biden administration faces national security challenges in space as Vice President Kamala Harris prepares to chair her first Space Council meeting.
China’s Hypersonic Vehicle Can ‘Park’ In Orbit, Warns a Space Force Official
The United States Space Force Lieutenant General Chance Saltzman says that China’s hypersonic glider has the ability to stay in orbit for an extended period of time.
Despite Xi’s Pledge, China Is Financing Coal Power Plants in Bosnia and Herzegovina
Despite a pledge to stop financing coal power abroad, overseas coal power plants financed by Chinese banks and state-owned enterprises are still moving forward – including in Bosnia and Herzegovina.
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