China’s property sales are set to plunge this year by more than they did during the 2008 financial crisis, according to new estimates from S&P Global Ratings.
Tagged By finance
China to streamline panda bond registration, issuance
China will launch a pilot program to streamline the panda bond registration and issuance mechanism in a bid to further open the country’s bond market, an industrial body announced on Tuesday.
China’s Borrowing Cost Slump Shows Limits of PBOC Policy Easing
There is so much cash sloshing around inside China’s banking system and so little demand for loans that banks are lending each other record amounts of money even as returns shrink, suggesting it will …
China targeted Fed employees for almost a decade, GOP Senate report says; chairman pushes back
A report released Tuesday by Republicans on the Senate Homeland Security and Government Affairs Committee says that China targeted the Federal Reserve for nearly 10 years, working to recruit and …
China Tried To Plant Spies Inside The Fed And Kidnap Economist, Investigation Finds
China has carried out a sustained, decade-long economic espionage operation to infiltrate the U.S. Federal Reserve, according to a report released Tuesday by the Republican staff of the Senate …
China’s mortgage boycott is escalating. Now Evergrande suppliers have stopped paying bank loans
The property crisis in China may have entered a dangerous phase as mortgage boycotts spread and banking corruption shakes confidence, with the shadow of COVID outbreaks and lockdowns also hanging over …
Taiwan’s military holds defense exercises amid tensions with China
Activity on the streets of Taipei ground to a halt as police ordered pedestrians to seek shelter indoors, shops shuttered their doors, and vehicles were forced to pull over.
China plans real estate fund worth up to $44 billion for distressed sector, source says
China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in…
China targeted the Fed for more than a decade, Senate report finds
Lawmakers accused the Chinese government of “malign efforts to target, influence and undermine the U.S. Federal Reserve” in a report released Tuesday.
Ant Group execs step down as Alibaba partners as China’s regulatory scrutiny pushes firms to seek distance
Ant Group is an affiliate of Alibaba in which the e-commerce giant owns 33%. But the fintech giant has been looking to distance itself since its halted IPO.
China’s economic inequality is worse than America’s. And the pandemic hasn’t helped.
Many living at the margins of China’s economy have suffered profoundly during the pandemic. At the same time, the rich have only gotten richer.
China’s BRI spending fell to $28.4 billion in first half of 2022
According to research published on July 24 by Shanghai-based Green Finance and Development Center (GFDC), multiple countries saw a 100 per cent drop in BRI engagement compared to H1 2021, such as …
LVMH Q2 sales climb 19%, offsetting slower China
Sales at LVMH, the world’s largest luxury group, rose by 19% in the three months to June, as robust growth in the U.S. and China helped it offset a new round of lockdowns in China.…
