In a significant restructuring effort, McKinsey & Co., the prominent US-based consulting firm, is poised to overhaul its operations in China, which includes laying off approximately 500 employees.
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China hedge funds caught out by abrupt market surge
China’s abrupt and ferocious stock market rally has slammed some of the country’s biggest hedge funds, forcing them to hastily cover short positions and take losses on their bets in the heavily …
Don’t get too excited about China’s growing natural gas use: Maguire
China has boosted imports of liquefied natural gas (LNG) this year to the highest since 2021 and has lifted natural-gas fired electricity generation to record levels.
How China’s Iran support could spark a Persian Gulf energy war
Washington has to be concerned that Beijing sees an opportunity to deny or at least restrict Middle East energy to others.
China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
Chinese property shares tanked on Thursday, after measures announced by officials to bolster the flagging real estate market were deemed by investors and economists to be too piecemeal.
Schindler Q3 sales fall slightly on fewer new installations, weak China
Swiss liftmaker Schindler reported a fall of 0.9% in third-quarter sales on Thursday as new installation markets declined.
China Won’t Renounce Use of Force Over Taiwan; Xi Visits Frontline Island
China, which views democratically governed Taiwan as its own territory, staged a day of large-scale drills around the island on Monday that it said were a warning to “separatist acts” following last week’s national day…
Japan’s exports fall for first time in 10 months on China, US slowdown
Japan’s exports fell for the first time in 10 months in September, data showed on Thursday, a worry for policymakers as any prolonged weakness in global demand may complicate the central bank’s path …
China to boost financing for approved housing projects to $560 billion to counter property slump
China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industry.
China to boost financing for approved housing projects to $560 billion to counter property slump
China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industry.
China To Boost Credit For Property Market, Renovate 1 Mn Homes
China said Thursday it would boost the credit available to the ailing property market and help renovate a million homes as it unveiled another round of measures to shore up the sector and try to…
McKinsey cuts hundreds of jobs in China business, WSJ reports
U.S.-based consulting firm McKinsey is revamping its China business after reducing its government-linked clients and cutting about 500 jobs, which is around a third of its China workforce, the Wall …
General Atlantic Chairman Upbeat On China Outlook Despite Tensions
“I remain optimistic that we can find a constructive path forward that is mutually beneficial for the U.S. and China and supports global growth,” William Ford says …
