Crisis at Evergrande deepens as it misses another bond payment
Evergrande Group has just missed another bond payment, casting further doubt over the future of the embattled property developer at the epicenter of China's real estate crisis.
2023-09-26 19:46
China and Europe try to dial down trade tension
China and the European Union have agreed to exchange information on export controls as part of efforts to dial down tension over trade imbalances and geopolitical issues.
2023-09-26 18:28
Europe's trade chief promises more 'assertive' approach to China as deficit soars
China's unfair trade practices have forced the European Union to become more assertive in its dealings with the world's second largest economy, the bloc's commissioner for trade said Monday during a trip to Beijing.
2023-09-25 20:25
Evergrande's plan to stave off collapse is running into trouble
Evergrande's plan to restructure its massive debts is in trouble because of a regulatory probe into its main subsidiary, the embattled Chinese developer said Sunday.
2023-09-25 17:46
Even 1.4 billion people can't fill all of China's vacant homes, ex-official admits
Even China's population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country's crisis-hit property market.
2023-09-24 09:54
Another top Silicon Valley investor is splitting off its China business as pressure mounts
GGV Capital, a prominent Silicon Valley venture capital firm, has become the latest big investor to break up its US and China operations into separate companies as tensions between the two countries over tech and geopolitics continue to rise.
2023-09-22 16:56
China relaxes capital controls to entice badly needed foreign investment
China is allowing foreigners in Shanghai and Beijing to move their money freely into and out of the country, in a significant move toward relaxing its strict capital controls as it tries to woo overseas investors.
2023-09-22 15:15
China just stopped exporting two minerals the world's chipmakers need
China's exports of two rare minerals essential for manufacturing semiconductors fell to zero in August, a month after Beijing imposed curbs on sales overseas, citing national security.
2023-09-21 18:46
Toshiba is set to delist in Japan after 74 years as part of $14 billion deal
Toshiba said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success — a deal which paves the way for the embattled industrial conglomerate to go private.
2023-09-21 15:22
Starving zoo animals and cucumber fines. China's indebted cities are desperate for cash
China's local governments are so debt-ridden that they are increasingly imposing what are perceived to be random or unjustified fines on residents in a bid to generate cash.
2023-09-21 08:47
'The Amazon is speaking for itself': Brazil President Lula puts climate and inequality at the center of UN address
Brazilian President Luiz Inacio Lula da Silva put inequality and the climate crisis at the center of a speech Tuesday that opened the annual UN General Debate in New York, lamenting that the international community has "numbed" to its responsibility to care for the world's poor.
2023-09-20 01:28
Starbucks bets on China with $220 million roasting and distribution center
Starbucks says it has poured more than $200 million into a new campus in China, in a sign of how the Chinese consumer remains crucial to the global coffee chain despite a major economic slowdown.
2023-09-19 15:27