Task force set up after a unit of Zhongzhi Enterprise, one of nation’s top wealth managers, missed payments on multiple high-yield investment products …
Tagged By financials
Tesla slashes prices again in China for some Model Y SUVs
Despite the truce, it seems Tesla needed to cut prices again in order to boost sales, where deliveries slumped 31.4% to 64,285 units in July, according to data published by China’s Passenger Car Association (CPCA).…
Dollar hits highest in more than a month on China economy concerns
The U.S. dollar hit more than a one-month high on Monday as investors sought a safe haven due to concerns about China’s economy, and traders braced for possible Japanese government intervention after the yen hit…
China’s ‘inevitable collapse’ makes it a ‘far, far scarier’ enemy: Ben Shapiro
Wire Editor Emeritus Ben Shapiro says China’s ‘current regime is on shaky footing’ and ‘they are likely to get very aggressive’
China will challenge the US Navy for global dominance
As China’s global ambitions grow, so too does speculation as to where Beijing might establish permanent overseas naval bases, and what the implications will be for everyone else.Commercially, China dominates the world’s seas.
More Risks Surface in China’s Financial System
Indebted developer Country Garden halted trading in some of its corporate bonds. There’s a risk in another corner of the Chinese financial system, too.
Country Garden Woes Deepen. More Risks Surface Elsewhere in China’s Financial System.
Indebted developer Country Garden halted trading in some of its corporate bonds. There’s a risk in another corner of the Chinese financial system, too.
Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources
Bank of China Ltd, China’s fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing’s …
China Finance Giant’s Missed Payments Alarm Regulators, Markets
One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products.M …
Biden administration restricts American investments in high-tech sectors in China
President Joe Biden has signed an executive order Wednesday that will restrict American investments in certain high-tech sectors in China, including artificial intelligence, semiconductors, and …
China central bank seen leaving policy loan rate unchanged on Tuesday
China’s central bank is expected to keep rates on its medium-term policy loans unchanged on Tuesday, a Reuters survey showed, despite fresh signs the economic recovery is losing momentum. Tumbling …
Risk to China’s financial sector laid bare as state-backed trust firm misses US$19 million in wealth-management payments
Zhongrong International Trust’s missed payments to three firms spark fears the slow economy may trigger a liquidity crisis beyond the property sector Firm’s possible defaults ‘will sour sentiment on …
Why China’s Markets Are Being Rocked By Fears of Contagion
China’s economy and markets are wrestling with fresh financial woes as missed payments on trust products are rekindling concerns over contagion into a $2.9 trillion part of the country’s shadow …
