Is the engine of the Chinese economy pushing global economic growth starting to cool down? The world seemed to be surprised when China’s National Bureau of Statistics released the third quarter growth …
Tagged By finance
Beijing says it’s time for companies to pay their overseas debts as Evergrande fears linger
Beijing is making one thing clear to the country’s embattled property developers: Pay your debts. All of them. Two major economic and finance agencies on Tuesday called on companies in “key …
China removes top financial news outlet from official media list
Amid China’s continuous crackdown on press freedom, observers worry the trend is transforming China into a society without accountability.
Beijing tells Evergrande boss to pay company’s debts with his own money: report
Chinese authorities have told Evergrande founder Xu Jiayin, once the country’s richest man, to use his personal wealth to alleviate the embattled company’s debt crisis, according to media reports. The …
Water tycoon is China’s richest as wealth crackdown batters Jack Ma
Bottled-water tycoon Zhong Shanshan has become China’s wealthiest person, according to an annual ranking released Wednesday, as a government campaign to rein in the super-rich took a big bite out of …
China Could Build New Coal Plants Overseas Even After Xi Pledge
Most Read from BloombergA Deep Dive Into Squid Game’s World of InequalityHamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaOne of California’s Wealthiest Counties Could Run Out of Water N …
Bottled water, vaccines and electric vehicles propel China’s biggest earners
Bottled water, vaccine development, short video platform TikTok and electric vehicle technology propelled the big earners on China’s rich list this year, as embattled property moguls and others facing …
China’s fiscal revenue stands at USD 2.56T in 9 months
According to reports by state-owned news outlet Xinhua, China’s fiscal revenue increased up to 16.3 percent in the period of January-September of the …
AIIB eyes $50 billion for climate finance
The (AIIB) has vowed to align its operations with the goals of the Paris Agreement as the Beijing-led lender raises its annual climate finance commitments. Currently, the China-led AIIB estimated its …
China power generators’ profits tumble on record coal prices
Earnings for China’s power utilities during the first three quarters of 2021 have plunged as the companies were squeezed by surging coal costs that they could not pass on to consumers. Huadian Power …
China tech stocks rebound on hopes regulatory ‘peak’ has been hit
Equity benchmarks tracking the biggest names in China’s internet sector have notched double-digit gains since hitting lows in early October.
China Industrial Profit Growth Accelerates in Sept Despite Cost Pressures
Profits at China’s industrial firms rose at a faster pace in September despite surging prices and supply bottlenecks, thanks mainly to stellar growth in mining and raw materials industries although …
Xi’s Toughest ‘Common Prosperity’ Test Is Raising China’s Taxes
As part of the “ common prosperity ” campaign, which seeks to promote economic equality and narrow China’s wealth gap, the government announced that it will initiate a series of local property tax …
