Tuesday, September 20, 2022
Global stock markets have been on high alert as crisis-hit Chinese giant Evergrande faces a key test this week. The world's most indebted real estate developer is due to make interest payments of $84m (£61m) on its bonds this Thursday (Sep 23). Earlier in the week, the company started to repay...
Alibaba's ecommerce platforms, Tencent's video games, Didi's ride hailing service - these are some of China's biggest names in tech, and for the past several years, foreign investors have been pouring money into their stocks. But this summer, those shares listed in New York and Hong Kong saw sharp selloffs...
Over the past few months, the Chinese government has been cracking down on many of its domestic industries. The most extreme case has been witnessed last week. It was reported that the government is completely banning the for-profit education sector. Private education is big business in China, with the industry...
A report by the Wall Street Journal on Monday (Aug 2) claims that the highly contagious Delta variant is stalling Asia's economic recovery after an early rebound. The report said that adding to rising COVID-19 cases, slow progress on vaccinations has begun to paralyze the region that had, until recently,...
Entrepreneurs - Is This The Right Time To Start A Business
At the moment with the never ending sight of the pandemic waning away, obviously there's a high degree of uncertainty in the world. For some though, in this unprecedented time, it's the perfect opportunity to start a business. Historically, after every financial crisis, innovation and creativity tends to spark new...
Deeper cooperation between China and the Association of Southeast Asian Nations (ASEAN) in the digital economy will benefit Wuhan, Central China's Hubei Province, which was hit hard by the COVID-19 pandemic, and accelerate its economic transformation and industrial upgrade amid a post-pandemic recovery, analysts said on Sunday (Jul 18). At...
China's businesses and consumers are not as optimistic on the economy as overall data might indicate, according to an independent study by the China Beige Book released Tuesday. In its latest quarterly survey, the U.S.-based firm found that a measure of Chinese corporate borrowing fell to its lowest in the...
China will allow each couple to have three children in a major policy overhaul to address the challenges of its ageing population. The decision was announced after a Communist Party Politburo meeting chaired by President Xi Jinping on Monday. The statement said major steps were needed to address the deepening problem of...
China, home to 1.4 billion people and a country with a huge reliance on its workforce made its way to become an economic giant with the help of their massive population. Their demographics has made them what they are today. Nearly 40 years ago, before the initiation of economic reforms...
Zhang Yiming, co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by co-founder Rubo Liang, the company disclosed on Thursday. The move, first reported by Reuters, represents the biggest corporate shake-up at ByteDance...
China’s economy continued to boom in April from the record growth in the first quarter, with strong exports and rising business confidence supporting the recovery. That’s the outlook of an aggregate index combining eight early indicators tracked by Bloomberg, which remained unchanged from March in strong expansionary territory. Some of...
China announced tax breaks Monday to spur growth of its semiconductor industry following US sanctions that cut off access to American processor chips for tech giant Huawei and some other companies. Leaders declared accelerating efforts to transform China into a self-reliant “technology power” to be this year’s top economic priority...

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