[ad_1] Updated Jan. 8, 2024 5:07 am ET The bad news keeps coming for China Evergrande and its investors. A top executive of the beleaguered property company’s electric-vehicle business has…
Tag: wsjfinance-asia
Chinese Company That Sparked Fears of Financial Contagion Falls Into Bankruptcy
[ad_1] Updated Jan. 5, 2024 7:12 am ET China’s Zhongzhi Enterprise Group has declared bankruptcy, following a calamitous year in which it sparked fears that the world’s second-largest economy was…
How China Manages Its Currency—and Why That Matters
[ad_1] Updated Dec. 27, 2023 12:00 am ET China’s approach to its currency is a mix of bold ambition and fear of dollar strength. The yuan has lost more than…
China Looks Cheap—but It Has Burned Investors Before
[ad_1] Updated Dec. 26, 2023 12:04 am ET The smartest strategy for investors in Chinese assets this year: Do something else. Sitting on cash was more profitable in 2023 than…
North Carolina’s Billion-Dollar Bet on an EV Outsider
[ad_1] Updated Dec. 11, 2023 12:13 am ET HAIPHONG, Vietnam—When electric-car startup VinFast Auto was looking to build a factory in the U.S., one state caught its attention in particular:…
China Evergrande Avoids a Debt Disaster—for Now
[ad_1] China Evergrande Group, the giant property developer whose default two years ago fueled a crisis in the country’s real-estate market, got some unexpected good news on Monday. The company,…