Big Japanese manufacturers and service-sector firms signalled improved business morale in August, a monthly Reuters poll showed on Wednesday, reflecting a gradual economic recovery from COVID-induced …
Tagged By business
Is China Past Its Peak?
We know what happened next. After a period of rapid asset inflation, the Japanese stock market crashed in the early 1990s, initiating what became known as the “Lost Decade” of deflation and slow …
China Evergrande NEV, debt-laden carmaker, gets shot of capital from Middle East firm backed by Chinese investors
The carmaking unit under China Evergrande Group raises US$500 million via a share placement with Dubai-based NWTN, though analysts say neither company has a track record designing successful EVs.
China’s $138 billion ‘shadow bank’ spirals at terrible time for Xi Jinping
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billi
Janet Yellen explains her ‘magic mushroom’ experience in China
US Treasury Secretary Janet Yellen ate a “magic mushroom” on a recent trip to Beijing, but the aftereffects don’t sound that special.
Why This Company’s Financial Crisis Threatens China’s Economy
Country Garden was China’s biggest real estate developer. Now it is staring down default, facing billions of dollars in losses and $200 billion in unpaid bills.
China Turns to Well-Honed Playbook: Cut Rates, Hide Data
Some economists worry that without more forceful action to turn the economy around, China risks falling into a downward spiral of weakening growth as sagging business and household confidence reinforce declines in spending, hiring and…
In Seattle, trade is still all about China. That may be changing
Meanwhile, the trade values of Chinese imports and exports are declining. The transition comes in a period of uncertain trade relations between the United States and China, which has long been America …
Mining service provider faces $100M lawsuit over pyramid scheme allegations in China
Five executives from a Filecoin mining service are facing a lawsuit at the People’s Court of Pingan County in China, over allegations that they pilfered millions of dollars and left investors in ruin.
China wants everyone to stop talking about the terrible economy and presses pause on publishing youth unemployment stats
In a widely-circulated article earlier this year, Wang Mingyuan, a researcher at the Reform and Development Institute of Beijing, a think tank, suggested that China sets its threshold for employment …
‘Greatest Rug Pull Ever’—‘Shocking’ Fed Warning Heralds Bitcoin, Ethereum, XRP And Crypto Price Chaos
One closely-watch bitcoin and crypto analyst has warned the Federal Reserve is about to trigger that “greatest rug pull …
Dubai Automaker to Pump Cash Into China Evergrande’s EV Business
The Chinese property developer’s fledgling auto unit said NWTN’s $500 million investment will help it meet imminent funding needs.
Volvo to be first company in China to import remanufactured engine
The remanufactured engine to be imported by Volvo Construction Equipment (China) will arrive in the country in late September, Chen Chaoping, the company’s head of uptime and parts said in a media …
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