China relaxes mortgage rules to help homebuyers in latest stimulus push
China just made it easier for people to buy homes, in a move that could affect $3.5 trillion in mortgage loans as Beijing seeks to bail out a property market mired in a record slump and worsening cash crunch.
2023-09-01 12:58
China's biggest homebuilder is fighting for its life. Here's what you need to know about the real estate crisis
Just a few months ago, Country Garden was the biggest property developer in China, with more than 3,000 developments spanning the country.
2023-08-31 20:48
China is still suffering from declining factory output. Demand for services is also slowing
Factory activity in China contracted for a fifth straight month in August, adding pressure on Beijing to roll out more stimulus measures to bolster the faltering economy.
2023-08-31 15:57
Troubled Chinese homebuilder Country Garden is rushing to raise cash to avoid default
Country Garden is raising funds to avoid default, as the troubled real estate giant battles a liquidity crisis which some fear could spread to China's wider economy and even spill over abroad.
2023-08-30 14:54
US isn't trying to hold China's economy back, says Commerce Secretary Raimondo
The United States is not seeking to decouple from China's economy or hold it back, Commerce Secretary Gina Raimondo told senior Chinese economic officials Tuesday in Beijing.
2023-08-29 17:47
Toyota suspends production at its Japanese plants after supply chain glitch
Toyota is suspending operations at all of its Japanese assembly plants as it grapples with a technical glitch that has disrupted its finely-tuned supply chain.
2023-08-29 17:16
BRICS expansion is a big win for China. But can it really work as a counterweight to the West?
When leaders of the BRICS nations gathered for group photos at the end of their summit in Johannesburg last week, it offered a glimpse of the contours of the new world order Beijing is trying to shape.
2023-08-29 11:58
Climate change has ravaged India's rice stock. Now its export ban could deepen a global food crisis
Satish Kumar sits in front of his submerged rice paddy in India's Haryana state, looking despairingly at his ruined crops.
2023-08-29 09:49
Chinese stocks get brief uplift from first share dealing tax cut since 2008
China has made a series of moves to restore investor confidence in the world's second largest economy, including cutting a tax on stock trading for the first time since 2008.
2023-08-28 17:49
US Commerce Secretary Raimondo pledges to be 'practical' in working with China
US Commerce Secretary Gina Raimondo says she is visiting Beijing "with the spirit of being practical and finding concrete opportunities" to advance mutual interests at her Monday meeting with Chinese Commerce Minister Wang Wentao.
2023-08-28 10:53
China's Evergrande says losses narrowed by 50% in the first half of 2023 as shares plunge
Evergrande Group, the world's most indebted real state developer, has reported a significant narrowing in its net losses for the first half of the year, thanks to a rise in revenue because of "the short boom of the property market" earlier this year.
2023-08-28 10:48
China says its ban on Japanese seafood is about safety. Is it really?
In the busy streets of Hong Kong's Central district the lunchtime queues snake around the swanky Japanese restaurants where high-end sushi can sell at $150 a pop just for a tasting menu.
2023-08-28 09:56