Russia’s finance ministry is in talks with China about yuan loans, but a decision has been long in the making amid tightening Western sanctions.
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Country Garden liquidation petition adds to China property woes
By Scott Murdoch, Clare Jim and Xie Yu (Reuters) -Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding …
China’s Country Garden gets liquidation petition from creditor
The troubled property developer said in a regulatory filing it received a “winding-up” petition dated Feb. 27 by creditor Ever Credit Limited. The petition against Country Garden was issued for the …
China’s Xian to give lottery tickets to newlyweds in bid to spur births
Authorities in China’s city of Xian will spend 700,000 yuan ($97,000) on lottery tickets to give as prizes to newlyweds who present a marriage certificate, in an effort to encourage weddings at a time …
Embattled China property giant Country Garden faces liquidation petition
Country Garden’s shares fell more than 12% in early trading on Wednesday, amid a continued debt crisis in China’s property sector …
Shenzhen offers glimpse of China’s housing future
Xi Jinping’s deleveraging campaign targeting private property developers has led to a softening of growth in the world’s second-largest economy. The Chinese president is nonetheless pressing on with …
First Costco opens in Shenzhen, China: Thousands lined up more than three hours to get in
Costco prepped to launch its first warehouse in South China by opening its Shenzhen location.With a love for big American merchants, tens of thousands of people lined up for more than three hours to …
GWM TANK 700 Hi4-T Launched in Beijing, Shaping a New Standard for Off-Road Flagship Vehicles
GWM believes that a true flagship status lies in technological supremacy. The GWM TANK 700 Hi4-T perfectly represented the outstanding …
Country Garden: China property giant hit with liquidation petition
China’s biggest private property developer Country Garden is facing a liquidation petition, which has been filed in Hong Kong by a creditor. A firm called Ever Credit Ltd filed the case for …
China says Beijing and Moscow should strengthen coordination on Asia Pacific
China and Russia should strengthen communication and coordination in Asia Pacific affairs and jointly safeguard regional security, stability and development, the Chinese foreign ministry reported on …
Can Beijing Contain the Property Crisis?
China Brief: Can Beijing Contain the Property Crisis? Create an FP account to save articles to read later and in the FP mobile app. Sign Up ALREADY AN FP SUBSCRIBER? LOGIN Print Archive See All…
China’s oil demand growth could halve from pre-Covid levels as property, auto sectors struggle
Chinese oil consumption hit an all-time high of 16.03 million barrels per day last year — a 1.2 million barrels per day growth — as the country took advantage of plunging oil prices to import…
China’s Country Garden faces liquidation petition
China’s largest private property developer Country Garden Holdings said on Wednesday it was facing a liquidation petition for not repaying a term loan facility worth HK$1.6 billion ($204.5 million).
