Real estate giant Evergrande, which faces over $300 million in debt, says it will pay interest due Thursday to bondholders in China, but gave no sign of plans to pay on a separate bond abroad.…
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China meat imports drop in August on low domestic prices
China imported 758,000 tonnes of meat in August, down 8.9 per cent from the corresponding month a year ago, customs data showed Sept. 7, as weak domestic …
Crypto Market Recovering From Evergrande Scare
But the fate of the real estate giant remains unclear as investors worry the company could be allowed to fail due to political anti-trust fervor …
China’s Housing Boom Is Running Out of Steam, Harvard Economist Rogoff Says. Where the Risks Are With Evergrande.
The Chinese growth model is dependent on producing real estate, and Harvard economist Kenneth Rogoff has been warning about the dangers of such reliance.
Evergrande Is In Crisis, But a Risky China Still Beckons to Investors
Some U.S. money managers including Bridgewater and Pimco view a potential Evergrande default as a step toward tamping down risks in China.
Bitcoin and Ethereum Looking Strong as Institutional Crypto Activity Hits Critical Mass: Mike Novogratz
Billionaire and Galaxy Digital CEO Mike Novogratz says that corporate interest in Bitcoin (BTC) and Ethereum (ETH) has never been higher.
Ant Group microcredit service Huabei feeds vast consumer data to China’s central bank
Consumer credit data gathered by Huabei are now included in the financial credit information database run by the People’s Bank of China.
Duterte says he ordered use of gov’t planes for China supplies; not for Pharmally, Galvez clarifies
Yung Customs at saka ‘yung insurance at saka ‘yung flight sa kanila po ‘yun… kinukuha po ‘yung ating mga PPEs doon sa China at dinadala po dito sa ating mga different ports sa Manila Port,…
China’s strong exports to bolster economic recovery: ADB
China economy is expected to maintain its recovery over the rest of 2021 bolstered by the country strong exports according to th …
China Mobile faces $15B bill for second 5G network
China Mobile could be on the hook for as much as $15 billion for the construction of the new national 700 MHz network. The giant telco’s partnership with newcomer China Broadcast Network (CBN) has …
China vs US: beneath the surface of the submarine technology gap
US agreement to share nuclear-powered submarine technology with Australia is a sign it is stepping up its focus on anti-submarine warfare.
China Lays Out New Guidelines Intended to Better Protect IP
China has announced plans to improve protection of intellectual property, including boosting compensation for losses resulting from violations, addressing a broad area area where it often comes into …
Could China’s $18.6B Liquidity Injection Amid Evergrande Crisis Benefit Crypto Markets?
The People’s Bank of China injected $18.6 billion into the banking system after the Evergrande debt crisis sent shock waves through most financial markets, including cryptocurrencies. What Happened: …
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