Chinese factory activity contracts in October as pandemic recovery falters

[ad_1] An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in…

Evergrande crisis tests Beijing’s fallout management as creditor jitters mount

[ad_1] As developer China Evergrande Group lurched from one crisis to another over the past two years, Beijing avoided directly intervening to rescue what was not too long ago considered…