Today: 5. Nov, 2024
In the dynamic landscape of China’s real estate market, Country Garden, a prominent Chinese property developer, stands at a critical juncture. Recently, Bloomberg News reported a potential turning point for the embattled company: it may avert a default on its yuan-denominated bonds.…
As it faces a challenging economic environment, China is poised to announce an aggressive growth target for 2024, signaling its determination to rebound from the recent economic slowdown and a faltering property market. This decision is a key element in the country’s…
In a candid discussion at the DealBook Summit, Jamie Dimon, CEO of JPMorgan Chase, addressed the complex dynamics of the bank’s operations in China amidst escalating global tensions. With a history of a century in China, JPMorgan has established itself as a…
As the world approaches the impending Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, a significant prelude occurs with U.S. Treasury Secretary Janet Yellen hosting Chinese Vice Premier He Lifeng for pivotal talks. This meeting is a strategic step in mitigating the…
In the wake of recent natural disasters, Chinese authorities have announced a significant shift in the national budget, including issuing 1 trillion yuan ($137 billion) in government bonds. This substantial amount is explicitly earmarked for reconstructing areas affected by this summer’s historic…
In a powerful statement made before the Senate subcommittee on space and science, William Gerstenmaier, SpaceX’s vice president for build and reliability and former NASA associate administrator for human exploration, accused government regulators of stifling the company’s progress on its Starship mega-rocket.…
The European Union unveiled a strategy to safeguard its frontier technologies from potential external espionage, especially in light of increasing concerns about strengthening its ties with China. “Geopolitical competition is now rooted in technology, and the EU aspires to be a contender…
Investors are in a heightened state of unease. The Fear and Greed Index from CNN, which monitors seven market sentiment indicators in the US, slid into a zone of “profound apprehension” this past Thursday. This sentiment hasn’t been seen since last March…
Sino Ocean, a leading Chinese real estate firm has halted its offshore debt payments, escalating concerns in the already struggling property sector. Identifying itself among China’s premier 20 property developers, Sino Ocean declared last Friday through a stock exchange announcement that it…
Deflation, the broad-based decline in many prices within an economy, is currently making headlines as economists and analysts closely monitor China’s economic trends. In recent months, China has experienced negative inflation rates across various price measures, including consumer prices and producer prices.…
