A key pillar of the world’s second-largest economy, China’s property sector has been lurching from one crisis to another, and has been a major drag on growth over the past year. A revolt by homebuyers…
Tagged By financials
China Banks Rush to Raise Record Debt as Credit Losses Mount
Chinese banks are rushing to boost capital as they prepare for a potential spike in bad loans due to the economic slowdown and spreading housing crisis. Most Read from BloombergRockstar Games Cleaned …
China’s Blistering Heat Strains Power Grids and Disrupts Farming
Scorching temperatures across China are straining power grids as the country tries to ramp up industrial activity to support the economy, while farmers scramble to save crops such as rice and cotton …
SEC chief puts Washington and Beijing on the clock with $1.3 trillion of U.S.-listed Chinese stocks at stake
Gensler says the U.S. and China need to strike an agreement “soon” if American inspectors stand “any chance” of completing their reviews of Chinese auditors this year.
Exclusive: UBS plans to expand China footprint with new mutual fund unit
UBS Group AG plans to set up a wholly owned mutual fund business in China, two people with direct knowledge of the matter told Reuters, as the Swiss bank seeks to expand its footprint in…
What to Watch for in China’s Politburo Meeting, From Property Crisis to Covid Zero
China’s leaders will have the chance to revisit this year’s ambitious official economic growth target during a meeting of key policy makers expected this week. Most Read from BloombergRockstar Games …
IMF says Sri Lanka needs to talk with China about debt restructuring
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s government seeks a financing loan from the …
China’s Village Bank Collapses Could Cause Dangerous Contagion
The recent bank runs started from three rural village and town banks (VTBs) in Henan province. Three more runs on VTBs happened within a month, including two in neighboring Anhui province. Five of the …
China’s video game industry revenue is down 1.8%, its first drop in 14 years
Strict national regulations and an extremely slow approval process has left even giants like Tencent and NetEase feeling stifled on their home turf.
Chinese Mortgage Crisis Could Threaten Financial Stability
The strike on home-loan payments could expand to US$355 billion, causing a crisis in confidence for the most-important sector in China’s economy.
China’s ‘opaque’ loan deals behind Lanka crisis, says USAID, hails India
While lauding India’s economic assistance to Sri Lanka, visiting US Agency for International Development (USAID) administrator Samantha Power cited China’s “opaque” loan deals with the island nation …
China Online Healthcare Market Report 2022-2026 with Profiles of Alibaba Group, WeDoctor, Miao Health, DXY.cn, JD.com, and Ping An Good Doctor
China online healthcare market is forecasted to reach US$311.48 billion in 2026, experiencing growth at a CAGR of 36.89% during the period spanning from 2022 to 2026. Growth in China online healthcare …
China-US Deal Needed Very Soon to Avoid Delistings, SEC’s Gensler Says
US and China officials must reach an agreement “very soon” over access to audit work papers for Chinese companies to avoid being kicked off American stock exchanges, Securities and Exchange Commission …