Ucommune International Ltd. (NASDAQ: UK ) (“Ucommune” or the “Company”), a leading agile office space manager and provider in China, today announced that Besunyen Holdings Company Limited (“Besunyen”) …
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China’s Evergrande problems deepen
Evergrande, the country’s second largest property developer, with debts of more than $300 billion, has admitted it is on the brink of default and is desperately scrambling to build up cash.
China’s fiscal revenue up 18.4% in first 8 months of 2021
China’s fiscal revenue logged a year-on-year increase of 18.4 percent in the first eight months of the year, official data showed Friday. Fiscal revenue amounted to about 15.01 trillion yuan (about $2 …
‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report
The report found that Georgieva and other senior World Bank officials applied “undue pressure” on staff to boost China’s ranking in terms of business climate.
Allegations of favoring China could erode confidence in IMF chief
A storm of controversy threatens to undermine Kristalina Georgieva’s leadership of the IMF as experts, US lawmakers and the Treasury scrutinize her actions in a former senior role at the World Bank.
Beijing Winter Olympics to Implement ‘Rigorous’ COVID-19 Measures, IOC Says
The International Olympic Committee is looking to “reinforce” the solidarity displayed at the Tokyo Summer Games during the Beijing Winter Olympics with strict COVID-19 measures. On Friday, the IOC …
A property titan in crisis: What went wrong at China’s Evergrande and what’s next
SINGAPORE: It narrowly averted a cash crunch last year but Evergrande, one of China’s biggest real estate developers, is now teetering on the brink of bankruptcy again. The cash-strapped property tita …
The U.S. Development Finance Corporation Is Failing to Counter China
Congress passed the Better Utilization of Investments Leading to Development (BUILD) Act as part of the FAA Reauthorization Act.
Inquiry puts ex-World Bank officials under scrutiny on China
Former officials of the World Bank are under pressure after an investigation found that they pressured staff members of the bank to alter data on global business conditions in order to favor The World …
Wall Street yawns as China property giant nears default: What investors need to know
Evergrande, a Chinese property giant, faces defaul next week. So far, global investors have shrugged off the event, but they should be paying attention.
Alert: China Could Be on the Verge of a Financial Meltdown
China Could Be on the Verge of a Financial Meltdown. Alert: China Could Be on the Verge of a Financial Meltdown. Vishesh Raisinghani | September 17, 20 …
Beijing seeks to join an Asia-Pacific trade deal Donald Trump left
China submitted a formal application letter to join the deal, known officially as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership …
Gravitas: Is a global financial crisis brewing in China?
Evergrande is China’s biggest real estate player. It is on the brink of bankruptcy. Evergrande is short on cash and has liabilities worth over $300 billion. Will China export a financial crisis, after …
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