[ad_1] Hong Kong stocks extended a slump to near a 14-month low after consumer prices in China fell by the most in three years, heightening concerns deflation will erode corporate…
Tag: china economy
China frames ‘One Province, One Policy’ plan for the financial risk
[ad_1] China’s regulator wants provinces to come up with their own plans to handle financial risks, according to a report, about a month after officials pledged to set up a…
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…
Another blow to China’s realty sector reeling under crisis! Evergrande Group halts trading in Hong Kong; check details
[ad_1] The enduring housing crisis has inflicted considerable hardship on homebuyers across the nation in China, many of whom invested their life savings in properties that were never realized. Updated…
Evergrande shares halted as concerns mount about developer’s prospect
[ad_1] Trading in shares of China Evergrande Group was suspended on Thursday after a report that its chairman had been placed under police watch, as concerns mounted about the cash-strapped…
China should pursue structural reforms to revive economy: Central bank advisor
[ad_1] Rather than counting on macroeconomic policies to revive economic growth, China should pursue structural reforms such as encouraging entrepreneurs, news agency Reuters quoted PBOC adviser Liu Shijin, saying the…
China Evergrande files for protection in US court as part of $32 billion debt overhaul
[ad_1] News Business Companies China Evergrande files for protection in US court as part of $32 billion debt overhaul Embattled developer China Evergrande Group has filed for protection from creditors…
China’s industrial profits extend slump into seventh month
[ad_1] BEIJING: Profits at China’s industrial firms fell 6.7 per cent in July from a year earlier, extending this year’s slump to a seventh month with weak demand squeezing companies…