Moutai coffee, anyone? Luckin is adding the fiery liquor to its lattes
Luckin Coffee has joined forces with Kweichow Moutai, the maker of China's fiery national liquor baijiu, for an unusual offering: alcoholic lattes.
2023-09-04 19:49
Country Garden gets 'near-term reprieve' after bondholders agree to extend debt payment
Investors in embattled Chinese property giant Country Garden are breathing a collective sigh of relief Monday, after it reportedly won approval from creditors to extend a major bond payment to avoid default, in a development that analysts say will give the firm some badly needed respite.
2023-09-04 14:45
Taiwan billionaire Terry Gou resigns as Foxconn board member amid bid for presidency
Billionaire businessman Terry Gou has resigned from the board of directors of Foxconn, the world's largest electronics manufacturer, days after announcing his bid for Taiwan's presidency.
2023-09-03 10:21
South Korea needs more babies and workers. It's hoping foreign housekeepers will fix that
As South Korea struggles to get young people interested in marriage and kids, authorities are trying a new tack: importing foreign workers to carry some of the household burden.
2023-09-02 07:51
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