Lehman moment’ or managed failure? Either result has global markets rattled by the impending default of property developer China Evergrande.
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What ‘Bear Traps Report’ editor thinks of China’s Evergrande, crypto and more
CNBC’s “Squawk Box” team discusses the market sell-off and what’s happening in China with Larry McDonald, editor of The Bear Traps Report.
Bitcoin Falls Below $45,000 as Global Market Rout Infects Crypto
Cryptocurrency prices slumped as a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets. Bitcoin dropped 7.3% to $44,127 as of 7:33 a.m. in New …
Kids in China banned from watching TikTok for more than 40 minutes
People under 14 will also be blocked from using Douyin, the Chinese version of TikTok, between 10 p.m. and 6 a.m.
China bans Taiwan apple imports as discourse sours
Beijing has stepped up its trade war with Taiwan by banning apple imports as state media says it has no wish to buy the island’s “problematic fruits” while its …
China’s Wheat Imports Reach Highest Level in Two Decades
USAgNet – 09/20/2021 China is the world’s largest consumer of wheat, accounting for 19 percent of global wheat consumption …
China’s August soybean imports from Brazil rise 10.9% y/y
China’s August soybean imports from Brazil rose 10.9% from the same month last year, customs data showed on Monday, while shipments from the United States fell sharply. BEIJING, Sept 20 (Reuters) – …
Bitcoin advocate El Salvador ‘buys the dip’ as China fears spark crypto sell-off
It comes at the same time as China has in recent months continued to pressurise crypto activities, as well as pinch other corporate arenas, including the ban on crypto mining which sparked a sharp …
China Evergrande shares dive to 11-year low as default risks grow
“at-above-post addthis_tool” data-url=” KONG (Reuters) -Shares of Evergrande on Monday plunged to over 11-year lows, extending losses as executives try to salvage its business prospects and as default …
Are Hong Kong Property Tycoons China’s Next Target?
The territory’s red-hot real estate market has been a driver of social unrest. It’s only a matter of time before Beijing targets the sector under its common prosperity campaign.
China’s clean marine fuel exports dip, teapot demand bolsters imports
China’s exports of clean marine bunker, or very low-sulphur fuel oil (VLSFO), dipped 2% in August from a year-ago period, customs data showed on Monday. SINGAPORE, Sept 20 (Reuters) – China’s exports …
China import softwood lumber price soar 37.4% in August 2021
China’s imports of softwood lumber declined 15.8% year-on-year to 7,431.7 thousand m3. According to Lesprom Analytics, the value of imports soared 15.7% to $1,735.2 million. Average price of softwood …
Is creativity the secret to brand success in China?
MetaDesign’s Sally Anderson shares her insights from a decade of working in China, plus why so many brands try and fail to crack the Chinese market.