Broad bank lending to the real-estate sector, and developers’ access to bond markets, are both being squeezed. The companies are increasingly dependent on large deposits from home buyers.
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In His Speech to Congress, Joe Biden Sets Out a Vision for ‘Competition, Not Conflict’ With China
It was a speech heavy on domestic policy, detailing ambitious plans to revamp American infrastructure, education, jobs and healthcare. But at the heart of U.S. President Joe Biden’s first address to …
Vaccinating more than anywhere else, China still needs to speed up
China became the country to have administered COVID-19 vaccinations to more people than any other this week, but health authorities will need to accelerate the rollout to meet a target to inoculate 40 …
China begins building its own space station with launch of control module
Officials expect the project to take a couple years, but launch of the control module is a major step for China’s increasingly sophisticated space program.
China and home cooks help Unilever top forecasts
Unilever beat quarterly sales forecasts on Thursday, helped by a pick up in home cooking in coronavirus lockdowns and a strong economic recovery in China, and said it would buy back up to 3 billion…
China ‘closing in fast,’ Biden warns Congress
Top News China ‘closing in fast,’ Biden warns Congress. Posted . President Joe Biden proposed a sweeping new $1.8 trillion plan in a speech to a joint session of Congress on Wedne …
China slightly eases international flight suspension rules due to COVID-19
China’s aviation regulator will slightly relax suspension rules on international flights due to COVID-19 as it seeks to facilitate more flexible capacity …
China launches key module of space station planned for 2022
China launched an unmanned module on Thursday containing living quarters for three crew on a permanent space station that it plans to complete by the end of 2022, state media reported. The module, …
China launches main part of its 1st permanent space station
China on Thursday launched the main module of its first permanent space station that will host astronauts long-term, the latest success for a program that has realized a number of its growing …
China’s Baidu to launch paid driverless ride-hailing services in Beijing
China’s tech giant Baidu will launch paid driverless robotaxi services in Beijing from May 2, the company said on Thursday, making it the first Chinese company to offer autonomous driving robotaxi …
Biden Faults China for Unfair Trade Practices, Highlights Beijing’s Subsidies
President Biden said his policies for creating jobs and economic opportunities to benefit the American middle class are directly linked to efforts to stay globally competitive with countries like …
Biden touts green infrastructure spending plan: ‘Built in Pittsburgh instead of Beijing’
President Joe Biden touted the significant green spending in his multitrillion-dollar infrastructure plan as a means to better compete with China on clean energy technologies.
China seeks stronger ties in South Asia with united Covid-19 front
Beijing fears rise in coronavirus cases in India could flow over into neighbouring countries and China, observers say.
