January 16, 2024, 7:00 AM UTC China’s calmest offshore credit market in years will be tested in coming months by maturities at major developers and ongoing weakness in the property market. A gauge of credit stress in the nation’s offshore bond market held at 1 in December, according to Bloomberg’s China Credit Tracker, matching November’s
China consistently maintains it will not interfere in domestic affairs of other sovereign states. (File) Beijing: China has called for an end to attacks on civilian vessels in the Red Sea that have dramatically widened the Hamas-Israel conflict and placed Beijing’s commercial interests along the Suez Canal at risk. The Iran-backed Houthi militia from Yemen
Taiwan’s President Tsai Ing-wen speaks as Lai Ching-te, Taiwan’s vice president and the ruling Democratic Progressive Party’s (DPP) presidential candidate looks on during a campaign rally ahead of the elections in Taipei, Taiwan, January 11, 2024. Carlos Garcia Rawlins | Reuters China sees the DPP as a threat to its ultimate aim of “reunification” with
Why green cryptocurrency? The global cryptocurrency market is projected to grow from $910.3 million in 2021 to $1,902.5 million in 2028 at a CAGR of 11.1% in 2021-2028, as per insights from Fortune Business Insights, a market research platform. Reportedly, Bitcoin currently consumes around 110 Terawatt Hours per year, which is 0.55% of global electricity
China’s internet giants from Alibaba Group Holding to Tencent Holdings slashed external investments last year amid an economic slowdown, regulatory headwinds and geopolitical tensions, according to data compiled by a Chinese consultancy. Total investment deals made by Alibaba, Tencent and Baidu plunged by nearly 40 per cent to 102 in 2023, with Tencent – known
“That would really trigger the demand for people to go to China and look for business opportunities,” said Kraisin Vongsurakrai, director secretary general of the Thailand-China Business Council. In the past when Thai businessmen wanted to visit exhibitions and trade fairs [in China], they had to plan aheadKraisin Vongsurakrai Businessmen are “quite excited” by the
The three have not commented on media reports about their involvement. Ikeda’s policy secretary, Kazuhiro Kakinuma, 45, was also arrested on Sunday. The two are accused of having failed to declare the money Ikeda received in political fundraising reports. In Japan, prosecutors question ruling LDP lawmakers over fundraising scandal Prosecutors decided to arrest the 57-year-old
In China today, many identify with Huang’s consumption mentality, with domestic gold prices reaching new highs last year, and the retail market witnessing a gold rush. 01:31 Chinese consumers sell off old jewellery amid record high gold prices Chinese consumers sell off old jewellery amid record high gold prices And as China’s stock market struggles
Chinese asset management giant Zhongzhi Enterprise Group has filed for bankruptcy and was unable to pay its debts, a Beijing court said on Friday. The development comes weeks after police opened an investigation into the group after the debt-ridden financial behemoth declared itself insolvent. According to a statement published by a Beijing court on WeChat,
The site of a real estate building under construction in Huai ‘an city, Jiangsu province, China, December 26, 2023. CFOTO | Future Publishing | Getty Images China is facing the prospect of a long-drawn correction in its property sector, with the overhang in the housing inventory likely to take more than 10 years to clear,