Chinese economy

China 01/08/22, 15:40

The Chinese Communist Party (CCP) will ease debt rules to facilitate state-owned property developers to buy up assets of indebted private peers facing a liquidity issue. According to Reuters, the Chinese authorities have urged state-owned builders to examine the assets of private firms experiencing liquidity problems as an increasing number of ...

World 12/21/21, 05:26

Bankers and lawyers expect unprecedented regulatory crackdowns in China to be extended into 2022, Reuters reported on Dec. 21. This trend aligns with Xi Jinping's plan to fortify state control over the private sector when he enters a historic third term as China's Communist Party (CCP) leader. The year 2021 has ...

World 12/21/21, 04:47

South China Morning Post reported from sources that the China-EU trade summit is being postponed as both regions found little common ground in their interests.The paper said the annual event had been rescheduled until next month. It was supposed to be hosted by the end of this year. The China-EU relationship ...

Politics 12/14/21, 02:44

Recently, a statement appeared saying that the Xi Jinping administration "raised" a lot of gray rhinos. The information was widely circulated in mainstream media. "Grey rhino" is originally a metaphor that refers to the ignorance of obviously bad things that eventually causes significant crises. The Epoch Times reporter investigated China's economic ...

World 12/12/21, 16:06

On Dec. 7, Walmart—an American multinational corporation and the world's largest retailer, closed four stores in China, including Shenzhen Honghu Store, Wuxi Taihu Store, Chongqing Beicheng Store Tianjie, and Taiyuan Sanqiang Road branch. Previously, on Dec. 3, Wal-Mart's Wujiaochang store located in the central business district in Shanghai announced that it ...

World 12/10/21, 02:34

On the Facebook page of Xie Jinhe, the chairman of Caixin Media, Xie Jinhe discussed the recent comments of Li Daokui in the Hong Kong Economic Review on Dec.4. Economist Li Daokui pointed out that the next few years will be the most challenging period for the Chinese economy since ...

World 12/05/21, 14:45

2021 has been a challenging year for tech companies in China. Some of China's biggest tech giants had weak revenue growth from July to September this year, and all eyes are on the macroeconomic slowdown and government restrictions, the Chinese Epoch Times reported. Tencent, a social media and video game tyrant in ...

Politics 11/23/21, 15:27

China's severely declining birth rate creates a demographic crisis that will affect the Chinese communist regime's economy for decades to come, warns renowned analyst and author Zhou Xin. The fertility rate fell from 6.18% in 1968 to just 1.35% in 2020, a historic low that will "trouble for the country's economic ...

U.S. 11/20/21, 17:30

Nathaniel Taplin, an economic and financial columnist for The Wall Street Journal, in an article titled "China's Economy Rests on Three Shaky Legs," analyzed China's economic troubles. Taplin said that the Chinese economy is suffering on all sides: power outages, heavy debt, challenging transportation routes, and the outbreak of Delta variant ...

World 11/14/21, 20:54

China has announced its ambition to play a greater role in setting the rules for the international digital economy and criticised the United States for trying to use the international order to contain it, SCMP reported. In a forum on international laws in Beijing on Friday, foreign vice-minister Xie Feng said: ...

World 11/10/21, 18:03

Entrepreneurs are scrambling to lavish tens of billions of yuan in China to respond to President Xi Jinping’s “common prosperity” appeal. Still, experts say that such donations are unlikely to stem from their sincere philanthropy, and they will possibly stop doing so once political pressure goes away. In a recent ...

Washington 11/05/21, 16:27

Chinese real estate corporations' debt levels are at an exceptional level. According to the Financial Times, the net debt ratio of China's 19 most prominent real estate developers is more than 60% of equity. In many ways, Evergrande can be the most prominent "time bomb" of Chinese real estate. So how ...

World 11/03/21, 14:43

A warning from the Chinese Communist regime's Ministry of Commerce sparked a wave of "panic buying" of food and necessities among the Chinese. The statement urged local authorities to ensure adequate food supplies over the next few months and encouraged people to stock, according to a Bloomberg update on Nov. 2. Within ...

World 11/01/21, 04:51

China's Evergrande Group and other prominent real estate companies have been defaulting on their debts, causing turmoil in global stock markets. According to Bloomberg, as of Oct 29th, two-thirds of the top 30 property developers ranked by the China Real Estate Information Group (CRIC) in terms of revenue have stepped ...

World 11/01/21, 04:43

China's economic development is currently decreasing, but the country's internal problems have long been unaddressed. China's third-quarter economic growth was 4.9 percent, and analysts predict that future growth would be considerably worse, with some even predicting that GDP growth in the fourth quarter will fall 4 percent or less. China's economic growth ...

World 10/31/21, 01:52

China's factory activity declined more than expected in October to shrink for a second month, hurt by persistently high raw material prices and softer domestic demand, signaling more economic distress in the final quarter of 2021, Reuters reported. Sign of stagflation Data from the National Bureau of Statistics (NBS) showed on Sunday ...

World 10/29/21, 03:36

Debt-laden Chinese group Evergrande has managed to pay interest for an offshore bond before a grace period expired on Friday, Oct. 29, but the source of the funds used to make the interest payment remains unidentified, according to Reuters. The property giant, which averted a default last week by securing $83.5 ...

Politics 10/26/21, 18:28

In the third quarter, China's economy grew at its weakest pace in a year, hampered by power shortages and real estate wobbles, illustrating the struggle facing officials as they try to shore up a sagging recovery while reining in the real estate sector. The Chinese Communist Party's (CCP) ban on Australian ...

U.S. 09/26/21, 01:34

Last week, a top regulatory official told Wall Street leaders that China's recent regulatory tightening is not intended to rein in the country's private firms nor decouple from the United States or international financial markets. The crackdown has engulfed sectors as diverse as technology, education, and real estate, wiping hundreds of ...

World 08/25/20, 15:18

The Chinese social network Sina Weibo published on Aug. 24, "The service of liquidation and sale of currencies of the State Administration of Currencies of China is suspended," according to alternative media Gnews. Then the message was removed from the site.   Then, on the same day, some internet users who apparently ...