The top two issues during the August 22-24 Brics meeting are a possible expansion of the group and the oft-discussed but mostly elusive idea of creating
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Heard on the Street Recap: China Spillover
China’s economy is looking increasingly vulnerable. Chinese stocks fell in Hong Kong and mainland China on Monday, with real-estate developers, electric-vehicle manufacturers and other companies in economically sensitive sectors declining the most.
Contagion fears spread as China property sector cash crunch intensifies
China’s largest private real estate developer Country Garden is seeking to delay payment on a private onshore bond for the first time, the latest sign of a stifling cash crunch in the property sector,
China finance giant’s missed payments alarm regulators and markets
Task force set up after a unit of Zhongzhi Enterprise, one of nation’s top wealth managers, missed payments on multiple high-yield investment products …
Tesla slashes prices again in China for some Model Y SUVs
Despite the truce, it seems Tesla needed to cut prices again in order to boost sales, where deliveries slumped 31.4% to 64,285 units in July, according to data published by China’s Passenger Car Association (CPCA).…
Dollar hits highest in more than a month on China economy concerns
The U.S. dollar hit more than a one-month high on Monday as investors sought a safe haven due to concerns about China’s economy, and traders braced for possible Japanese government intervention after the yen hit…
China’s ‘inevitable collapse’ makes it a ‘far, far scarier’ enemy: Ben Shapiro
Wire Editor Emeritus Ben Shapiro says China’s ‘current regime is on shaky footing’ and ‘they are likely to get very aggressive’
China will challenge the US Navy for global dominance
As China’s global ambitions grow, so too does speculation as to where Beijing might establish permanent overseas naval bases, and what the implications will be for everyone else.Commercially, China dominates the world’s seas.
More Risks Surface in China’s Financial System
Indebted developer Country Garden halted trading in some of its corporate bonds. There’s a risk in another corner of the Chinese financial system, too.
Country Garden Woes Deepen. More Risks Surface Elsewhere in China’s Financial System.
Indebted developer Country Garden halted trading in some of its corporate bonds. There’s a risk in another corner of the Chinese financial system, too.
Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources
Bank of China Ltd, China’s fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing’s …
China Finance Giant’s Missed Payments Alarm Regulators, Markets
One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products.M …
Biden administration restricts American investments in high-tech sectors in China
President Joe Biden has signed an executive order Wednesday that will restrict American investments in certain high-tech sectors in China, including artificial intelligence, semiconductors, and …
