U.S. Commerce Secretary Gina Raimondo said U.S. companies have complained to her that China has become “uninvestible,” pointing to fines, raids and other actions that have made it risky to do business …
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China’s Biggest Homebuilder Raises Capital in Scramble to Pay Debts
Country Garden is teetering on the brink of default with $190 billion in debt, in a sign of the country’s rapidly spreading real estate crisis.
China’s Property Woes to Weigh on Steel Prices Through Next Year
Chinese steel prices are likely to drop through 2024 as demand growth weakens and excess capacity weighs on the market, according to Capital Economics Ltd.Most Read from BloombergCitadel Vets 69,000 I …
China’s too-big-to-fail property giants just the tip of real estate crisis, as ‘suppliers are being dragged to death’
If you ask small-business owner Bill Ye, the writing was on the wall for China’s embattled property sector long before Country Garden said its net losses in the first half of this year could reach…
Chinese bank shares fall on existing mortgages rate cut concerns
Shares in China’s banking sector dropped on Wednesday on worries that a reduction in existing mortgage rates will dent the profitability of lenders already reeling from a worsening property sector …
A rise in all-cause mortality in China following termination of the Zero COVID Policy
researchers assess the impact of discontinuing the zero coronavirus disease 2019 (COVID-19) policy on all-cause mortality in China. Study: Excess All-Cause Mortality in China After Ending the Zero …
Top shareholder of China’s troubled Zhongrong Trust plans to delist; stock surges
China’s Jingwei Textile Machinery Co – the biggest shareholder of troubled Zhongrong International Trust Co – saw its stock surge on Wednesday after offering to buy out investors who object to the …
Is the bride 25 or younger? Couples get cash reward to promote earlier marriage in China
Local officials trying to increase the birth rate are offering about $130 to young couples who get married while the bride is 25 or younger.
Shenzhen-Hong Kong sci-tech zone to be cooperation bridgehead: HKSAR chief executive
HONG KONG — The Shenzhen-Hong Kong sci-tech zone will serve as the bridgehead for intensive innovation and technology (I&T) cooperation between the two places, Chief Executive of the Hong Kong …
Just as China faces a Japan-style ‘lost decade,’ Japan thinks it’s near a ‘turning point’ in decades-long deflation battle
China’s economic woes are starting to resemble the decades-long problems of Japan. In the 1970s and ’80s, Japan’s economy quickly developed into a powerhouse, just as China’s has over the past few …
South Korea Exports to Extend Downturn Amid Worsening China Outlook: Reuters Poll
SEOUL (Reuters) – South Korea’s exports likely fell in August for an 11th consecutive month, a Reuters survey showed on Wednesday, as economic recovery in top export market China continues to stutter.
China to remove COVID-19 test requirements for int’l arrivals
[Photo/Xinhua] China’s customs authorities on Tuesday announced the removal of COVID-19 nucleic acid or antigen test requirements for all inbound international travelers. Starting from Aug. 30, …
Plan released on development of Shenzhen-HK tech zone
The State Council on Tuesday issued the Development Plan for Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone to achieve synergistic development with Hong …