カテゴリー: Chinese economy
City of 25 million people emerges from prolonged isolation under ruthlessly enforced restrictions See all our coronavirus coverageShanghai has lifted a painful two-month lockdown, to the relief of the city’s 25 million residents, with authorities disma…
Schools, stadiums or airports help the presidents of countries that receive cash from Beijing tighten their grip on powerChina’s financing of overseas projects has disproportionately benefited the core political supporters of incumbent presidents or pr…
European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in ChinaRussia-Ukraine war: latest updatesThe growth prospects for the EU have been revised sharply downwards after Russia’s invasion of Ukraine put paid to ho…
Conflict adds strain to developing economies in east Asia and Pacific already struggling with Covid and inflationRussia’s invasion of Ukraine has further dampened the economic prospects for developing countries in east Asia and the Pacific, meaning low…
Plans to shore up real estate and tech sectors welcomed by investors, but downgrade of third-biggest developer Sunac shows problems persistChinese property shares have soared for a second day thanks to a decision by Beijing’s leadership to throw the co…
Worsening Sino-US ties, strict Covid rules, and the crackdown on dissent have dented the territory’s fabled allure as a business hub, say expatsIn July 2018, Tara Joseph, president of the American Chamber of Commerce in Hong Kong, wrote an article in t…
Fears over contagion mount as a company once considered financially sound is running out of cash to pay its debtsA Chinese developer previously considered financially sound is embarking on a fire sale of assets as the contagion of bad debts built up wi…
House prices, sales and construction all fell in November as Shimao Group shares plunge and Beijing assesses what to do with EvergrandeChina’s giant housing market has continued to decline in the past month and another major developer showed signs of f…
Even if the embattled property giant manages to avoid default again, many other firms are heading the same way, warns S&POne third of China’s property developers will struggle to repay their debts in the next 12 months, according to a new report, a…
Carrie Lam appears willing to sacrifice city’s reputation as an international business centre to please Beijing’s push for zero CovidSee all our coronavirus coverageIt used to be an international business centre, the bustling, vibrant commercial gatewa…
From China backtracking on coal to Britain’s ‘chicken king’ calling for a rethink of food production, the virus has accelerated nationalist impulses towards autarkyWhen Xi Jinping promised the world’s movers and shakers in January 2017 that China would…
Trading halt sends markets Asian stocks falling amid speculation debt-laden group will sell off property management armTrading in shares of debt-laden China Evergrande has been suspended by the Hong Kong exchange after the enormous Chinese developer mi…
As debt-laden Chinese property giant enters 30-day grace period, officials look to limit unrest and job lossesThe embattled Chinese property developer Evergrande is inching closer to the potential default that investors fear, after missing an interest …
Downgrade by Fitch reflects jitters in markets as boss of Asia-focused bank HSBC says problems ‘concerning’Ratings agency Fitch has downgraded its forecast for China’s economic growth because of concerns about a slowdown in the country’s colossal housi…
Shares in Hong Kong-listed firm slump 10% and bond trade suspended amid fears for shaky Chinese real estate marketShares in the embattled Chinese property giant Evergrande have slumped again after two credit downgrades in as many days amid concerns tha…