China is expected to launch its next generation of heavy-duty rockets in 2028 powerful enough to send a crewed spacecraft to the moon, the country’s main space contractor said on Wednesday. The new …
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Beijing is working behind the scenes to pull Evergrande out of danger, urging state-owned firms to buy the property developer’s assets
Sources told Reuters Beijing is unlikely to put together a bailout for Evergrande, but has asked state-backed companies to throw a lifeline to the real estate giant.
China’s energy crisis spreads to Beijing, impacts tech firms Apple and Tesla
While China is attempting to lead the narrative of tackling climate change on the global stage, local manufacturers and residents are crying out on social media as various provinces across the country …
Beijing wants celebrities to stop using heavy makeup to cover up their natural beauty
Beijing continues to pressure its entertainment industry to conform to certain social rules. In the latest commentary piece issued by state-linked media Guang Ming Daily, it said celebrities, be it …
China has built a 5,000-room quarantine center for overseas arrivals
When it comes to keeping Covid-19 at bay, few countries seem willing to go as far as China.As countries around the world reopen borders and loosen coronavirus restrictions, Beijing is doubling down on …
Banks cut China growth forecast as power shortage bites
Analysts at Goldman Sachs cut their 2021 GDP growth forecast to 7.8 per cent from 8.2 per cent, citing “recent sharp cuts to production in a range of high-energy intensity industries.” Last Friday …
China Science Fiction Convention 2021 opens in Beijing
The China Science Fiction Convention (CSFC) opened at Shougang Industrial Park in Shijingshan District of Chinese capital Beijing on Tuesday. Themed “Science and Creating the Future,” the CSFC will …
China vows to keep Taiwan out of Pacific Rim trade group
Beijing said Wednesday it will block Taiwan’s application to join a Pacific Rim trade initiative, citing as its reason the island’s refusal to concede that it is a part of China. The Cabinet’s Taiwan …
Taipei’s bid to join transpacific trade pact could be held hostage by Beijing
Taiwan’s longtime president Tsai Ing-wen made a move leading her back to the beginning of her career when she was trade negotiator: by applying to join the Comprehensive and Progressive Agreement for …
China: Big spender or loan shark?
China hands out at least twice as much development money as the US and other major powers, new evidence shows, with most of it coming in the form of risky high-interest loans from Chinese state…
Before China Evergrande neared collapse, its soccer team chased global glory
Until recently, the story of Evergrande for many non-Chinese outsiders was not about the fortune and misfortune of a sprawling real estate empire — but of a soccer team.
China’s ‘demolition’ of Evergrande halts housing boom to curb risky business
The knock-on effects of slower Chinese growth would be felt around the world, though so far financial fallout seems likely to be contained.
China Evergrande to sell $1.5 bln stake in Shengjing Bank to state firm
Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake in Shengjing Bank Co Ltd to a state-owned …
