(Reuters) Spreads on China’s high-yield debt MERACYC dominated by property developers narrowed on Tuesday from its record levels last week as Beijing said sector risks were controllable. China’s officials reassured…
(NBS) China’s economic growth averaged 4.9% in the third quarter from the prior year, less than the forecasted 5.2% expansion. On a quarter over quarter basis, growth was 0.2%, compared…
(NBS) China posted a 0.7% year over year increase in consumer price inflation in September, lower than August’s 0.8% and expected 0.9% jump. The decline reflected weak demand and a…
(Reuters) Alibaba’s Jack Ma has reportedly reappeared in Hong Kong, about a year since he avoided the public eye following his strong stance against the Chinese financial regulators. Jack Ma…
(NBS) China posted a 28.1% year-over-year surge in exports in September, higher than the forecasted 21% increase, boosted by robust global demand. August’s exports rose by a lower 25.6%. The…
(WSJ) Chinese President Xi Jinping is scrutinizing the relationships that China state banks and financial institutions have established with large private sector firms in the latest crackdown. China will target…
(FT) Nicolas Chaillan, the first Pentagon chief software officer, says China has won the artificial intelligence war against the US and is heading for global dominance. Chaillan, who describes the…
(Bloomberg) China State Administration for Market Regulation has fined Meituan 3.44 billion yuan or $533 million over anti-monopoly violations after a two-month probe. Meituan has been ordered to return a…
(Bloomberg) China has ordered its financial institutions to increase lending to the energy sector firms to ease the power shortage this winter. The China Banking and Insurance Regulatory Commission says…
(Bloomberg) The cost of solar power is set to rise following energy shortages in China that have caused a 300% jump in prices of silicon metal used in solar equipment…
(IHS Markit) China’s manufacturing conditions stabilized in September, with the adjusted PMI rising to 50 from 49.2 in August. The index was at the second-lowest in 17 months. Fig: China…
(Bloomberg) The hidden debt held by China’s local governments stood at 53 trillion yuan or $8.2 trillion at the end of 2020, more than triple from 16 trillion yuan in…