The Real News Network
FILE PHOTO: Apartment blocks are pictured in Beijing, China December 16, 2017. REUTERS/Jason LeeBEIJING (Reuters) – China’s October new home prices fell 0.2% month-on-month, the biggest decline since February 2015, amid continued demand weakness across the country with authorities holding the line on purchase restrictions to deter speculators. New home prices rose 3.4% year-on-year in […]
COP26: Boris Johnson defends China's absence from summit We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Lieutenant General B Chance Saltzman, 52, said […]
BEIJING (BLOOMBERG) – This year, the Chinese city of Yiwu – the world’s biggest hub for the manufacture of plastic reindeer, twinkle lights and other Christmas paraphernalia – is feeling a Grinch-like pinch. Factories are being hit by a shortage of raw materials that’s raising their production costs, and once goods are on their way […]
FILE PHOTO: A woman gets her phone’s QR code of the digital payment services scanned at a food shop, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China October 10, 2020. REUTERS/Aly Song(Corrects month in final paragraph) BEIJING (Reuters) – Activity in China’s services sector grew at a slower pace in October, official data showed […]
FILE PHOTO: An aerial view shows residential buildings at the construction site of Evergrande Cultural Tourism City, a China Evergrande Group project whose construction has halted, in Suzhou’s Taicang, Jiangsu province, China October 22, 2021. REUTERS/Xihao JiangBEIJING (Reuters) -China Evergrande Group said on Sunday it had resumed work on more than 10 projects in Shenzhen, […]
SHANGHAI (Reuters) – China Evergrande Group on Friday confounded market expectations that it would formally default this weekend, supplying funds to pay interest on a U.S. dollar bond before the expiration of a 30-day grace period on Oct. 23.A man walks past a No Entry traffic sign near the headquarters of China Evergrande Group in […]
FILE PHOTO: A man rides a bicycle next to a construction site near residential buildings in Beijing, China, January 13, 2021. REUTERS/Tingshu WangBEIJING (Reuters) – China’s September new construction starts slumped for a sixth straight month, the longest spate of monthly declines since 2015, as cash-strapped developers reined in investment and put a pause on […]
SHANGHAI (Reuters) -The spillover effect of China Evergrande Group’s debt problems on the banking system is controllable, a central bank official said on Friday, in rare official comments on a liquidity crisis at China’s No. 2 developer that has roiled global markets.FILE PHOTO: The logo of China Evergrande is seen at outside China Evergrande Centre […]
HONG KONG (REUTERS) – China Evergrande Group on Tuesday (Oct 12) missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near term. Some bond holders said they did not receive coupon payments totalling US$148 […]
SHANGHAI (BLOOMBERG) – China will continue taking steps to curb monopolistic behavior among internet platform companies and strengthen the protection of consumer privacy and data security, central bank Governor Yi Gang said. “We will continue to cooperate with anti-monopoly authorities to curb monopolies and actively deal with algorithm discrimination and other new forms of anti-competition […]