彭博社援引消息人士的说法称,中国最大房地产公司之一的恒大集团董事局主席许家印目前已被警方监视居住。消息一出,引起外界广泛关注。在中国房地产公司不断爆出债务危机的趋势下,有观察家指出,这一事件表明中国经济崩溃的多米诺骨牌倒下的速度正在加快。
彭博社的这条消息实质内容非常简短,只是提到许家印在本月早些时候就被警方带走,并被置于监视居住之下。报道中没有透露许家印被关押的具体地方,也没有解释警方到底是以什么名义将他带走,更没有说他已经被指控任何罪名。
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真的被抓了?
曾在中国长期从事房地产业的刘金星告诉本台,他不太相信这条消息,“它(这种做法)实际是跟现在大的政策环境相违背的。”
他分析说,恒大8月在美国纽约提起破产保护,这说明中国政府对恒大债务重组是给了一条出路的;并且中国也不想把这些房地产公司打碎,从中国现在的经济形势来看,也没有必要这样做。
“从国务院新一届的领导班子来看,对于保护民营经济的积极性,是在采取工作的;而许家印这些人其实是民营经济的标杆,大家在看着他们,”刘金星认为,如果真把许家印抓了,会在全社会的民营企业家群体中产生一种和政策相反的效应。
值得注意的是,就在两周前(9月16日),许家印下属的恒大金融财富管理深圳有限公司执行董事兼总经理杜亮在深圳被警方抓捕。几乎同一时间,恒大人寿原董事长、现已转任中融人寿代行董事长的朱加麟于9月17日被带走,目前处于失联状态。还有消息称,恒大集团前总裁夏海钧2022年回到中国就被“相关部门”控制起来,恒大集团前首席财务官潘大荣也被控制。财富杂志中文网就此指出,许家印手下四员大将都已被抓。
在这一背景下,许家印本人被警方监视居住,似乎并不显得特别突兀。前中国民营企业家胡力任向本台透露,他从恒大集团内部的职工处得知,许家印实际早已被控制,“现在消息说他被监视居住,实际就是被控制起来了。但他早就被控制了,几年前就被控制了,无法对外联系了,实际上早就失去自由了,就是从2021年开始的。”
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图为位于深圳的恒大总部。2023年上半年,恒大净亏损人民币392.5亿元。(路透社图片)
无解的问题
作为中国最大房地产公司之一的恒大,其债务问题三年来屡见报端,在中国经济界引发强烈震动。早在2020年的9月,网上就流传着一份《恒大集团有限公司关于恳请支持重大资产重组项目的情况报告》,这份文件称,恒大债务率大幅攀升,恳请广东省政府支持其重大资产重组,否则恒大资金链断裂,将引发严重违约,产生金融系统性风险和社会风险。
当时恒大方面出来澄清,说这份文件是假的,辩称公司财务稳健,但市场都已相信,恒大已经深陷债务困境,在苦苦挣扎。后续有关恒大债务困境的消息果然接连不断。截至2022年底,中国恒大负债总额已经达到24374.1亿元人民币。
据路透社的最新消息,一些恒大集团的海外债权人表示,如果恒大不能在10月30日之前提出新的债务重组计划,他们将申请对恒大进行清盘。
但恒大的债务问题只是中国房企债务问题的冰山一角,除了恒大之外,碧桂园、花样年、佳兆业等等中国大型房地产公司,这几年也相继传出债务违约的消息。
房地产公司债务问题在这几年集中爆发,也牵扯出相关责任人的去向问题。目前身在美国佛罗里达州的胡力任告诉本台,许家印的处境并不奇怪,他所认识的多位国内房地产商都因为债务问题被控制;也有精明的房地产商早已出国,把资产转移出来,并且短期内不准备回去。
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美国华盛顿民间机构“信息与战略研究所”所长李恒青则指出,中国政府把许家印这样的房地产商控制起来的做法早已有端倪,但这对于挽救当前中国经济的危局并没有太大的作用,“系统性金融危机已经爆发了,骨牌现在是一个一个地倒,从去年到今年,关于中国的消息这么多,每天应接不暇,没有好消息,全是坏消息。”
他强调,许家印被监视居住衬托着中国经济严重下滑的背景,这只是经济向更坏情况发展的一个征兆,“这就是(经济)垮起来的时候,就像多米诺骨牌倒下在加速,所以现在实际没招。”
中国恒大集团标志(路透社资料图)
经济全局的问题
据国家统计局的数据,1—8月份,全国房地产开发投资76900亿元,同比下降8.8%;商品房销售面积73949万平方米,同比下降7.1%。并且可以看到,去年同期以来,房地产开发投资一直在下降,尤其是今年开年以来,每个阶段的降幅都比上一个阶段在增大。
与此同时,中国整体经济运行的状况也引起外界广泛担忧。据中国国家统计局的数据,除了刚刚过去的8月份实现正增长之外,全国规模以上工业企业利润从去年下半年以来连续下降,外界很多人认为中国经济可能还没有跌到底部。
刘金星认为,中国政府显然是知道经济出了问题,也显示出了要拯救经济的决心,但其经济手段可能未必有效,“就是过去四十年经济上的成功,他们太迷恋所谓宏观政策调控,他认为可以控制住。可是,这么大的经济体量,这种做法却未必是有效的。”
他强调,过去很多年中,中国政府把矛头对准房地产,对房地产进行多种调控,以及三年疫情期间进行的社会管控措施,这些原因才是导致房地产困局,以及经济下行的主要原因。趋势既已形成,虽然近来出台了一些房地产的利好政策,也未必会产生积极影响。
李恒青则担忧,经济下行的趋势继续下去,可能引发大规模的民变。
许家印与多名高层被拿下 当局对恒大收网
中国恒大集团主席许家印(中)、前首席执行官夏海钧(右)、首席财务官潘大荣(左)传都已被当局控制或带走。(中新社)
中国恒大集团主席许家印今天据报已被监视居住,他的得力助手也相继被带走调查,加上恒大的融资管道被官方堵住,债务重组也被搁置,显示中国当局对恒大开始收网,这座摇摇欲坠的金融帝国面临瓦解。
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中国社群21日盛传许家印被抓,他与保镳一度激烈反抗。许家印因此没有出席26日的恒大周例会,改由行政总裁肖恩主持。
陆媒财新英文网24日报导,中国恒大前首席执行官夏海钧、首席财务官潘大荣均已被控制或带走。夏海钧此前是恒大第二号人物。
据知情人士透露,中国恒大集团及其子公司的多名现任和前任高层已接受调查,当局正在调查这家陷入困境的企业集团是否违反资金使用规定。
消息人士称,潘大荣最近被中国大陆当局拘留,夏海钧在2022年中左右返回大陆后也对其实施了限制。两人均负责这家房地产巨头的财务业务,并于去年7月因涉嫌卷入银行存款丑闻而辞职。
在此之前,恒大集团前执行总裁柯鹏今年1月被警方带走调查。他涉及深圳的旧改项目,曾经被视为恒大最重要的“压舱石”。
恒大财富总经理杜亮等人16日被深圳公安采取刑事强制措施;恒大人寿前董事长朱加麟21日传出被调查。这两家公司都被视为许家印的“钱袋子”,为恒大自身或关联的项目提供融资。
陆媒钛媒体昨晚报导指出,夏海钧等人被有关部门控制,是一个非常明显的信号,说明相关部门对恒大的处置,或已到了收网的阶段,即使是以前离职的高管,也难逃其责。
报导指出,恒大的融资管道被堵上,债务重组也被搁置,显示当局开始收网。
中国恒大24日晚间公告称,鉴于恒大地产集团正被立案调查,目前的情况无法满足新票据的发行资格。
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报导指出,中国房企发行票据是有相关规定的,“境内企业境外发行证券和上市管理试行办法”第8条规定,存在五种情形不得境外发行上市,其中之一是“境内企业因涉嫌犯罪或者重大违法违规行为正在被依法立案调查,尚未有明确结论意见的。”
而恒大公告中提到“恒大地产集团正在被立案调查中”,是在今年8月16日收到中国证监会下发的立案告知书,因公司涉嫌讯息披露违法违规,中国证监会决定对恒大地产立案。
报导强调,其实恒大地产被立案调查后,恒大就知道不能发行新票据。无法发行新票据,就是没法再发债借钱,意味着从融资端堵住了恒大的输血管道,也意味着恒大境外债务重组或将以失败告终。
此前,恒大债务重组表决会议一再延后,9月22日直接告称,由于销售情况不如预期,债务重组会议将不会举行。
陆媒北向财经报导也指出,恒大财富负责人杜亮16日被警方采取强制措施;恒大债务重组会议22日被搁置;恒大24日公告无法满足新票据的发行资格,“如同三把利剑,每一把都直指恒大的命门。”
报导指出,短短一周时间,如此密集的动作,表明高层已经下决心要解决恒大的问题。许家印会迎来什么样的结局,其实答案早就已经明了,自从他手下3员大将被抓,一切就只是时间问题了。
报导研判,恒大金融帝国将轰然倒塌,累累废墟之下,是无数普通人的血汗,这一切应该有人负责。恒大的债务问题,极大机率将会以专案或者地区为个体,分拆解决。透过国资或者民企进入,拆分打包,最后分而食之。
来源: RFA/中央社
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United Airlines said in March that the FAA was stepping up its review of the airline after a series of safety incidents.
Read moreU.A.W. Effort to Organize Mercedes Workers in Alabama Has High Stakes
Southern political leaders say a win for the United Automobile Workers would threaten their economies. Activists want to strike a blow against a system they say exploits the poor.
Read moreHow Media Outlets Are Covering Michael Cohen’s Testimony
Conservative outlets have painted Mr. Cohen as a traitor to the conservative cause, while liberal organizations focused on what he said he did for Donald J. Trump.
Read moreSupreme Court Rejects Challenge to CFPB Funding
A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.
Read moreEU Investigates Facebook and Instagram Over Addictive Effects on Children
The American tech giant’s platforms, Facebook and Instagram, may “exploit the weaknesses and inexperience of minors,” the European Commission said.
Read moreTruck Driver Is Killed in Episode at TSMC’s Arizona Semiconductor Plant
Construction at the facility was not affected. The Biden administration awarded the company a $6.6 billion grant last month to expand in the United States.
Read moreWalmart says more diners are buying its groceries as fast food gets pricey
Customers across incomes are looking for cheaper meals, Walmart's chief financial officer said.
Read moreXi Jinping and Vladimir Putin pledge to develop even closer China-Russia ties in energy and finance
Bilateral trade, an important lifeline to Russia since it invaded Ukraine, is already at a record US$240 billion, with China its largest customer for crude oil.
Read moreWhat are the 14 Chinese items on the US tariff list, and how important are they to China’s exports?
The US announced plans on Tuesday to increase tariffs on 14 categories of products from China under Section 301 of the Trade Act of 1974, covering US$18 billion in imports.
Read moreRoche says weight loss drug shows promising results in early trial
The weekly injection helped patients with obesity lose 18.8% of their weight relative to those who received a placebo, after 24 weeks in the phase one trial.
Read moreFor China, be it Donald Trump or Joe Biden at the US helm, the barrage of ‘political’ strikes may only intensify
Analysts say Beijing is preparing ‘for all types of situations’ in a trade war with the US that shows no sign of abating after six years, as the leading presidential candidates vow to turn up the heat.
Read moreWayfair to open its first large store, as physical locations make a comeback
What "retail apocalypse"? Wayfair and other digitally native companies are turning to physical stores for growth as e-commerce profits become more challenging.
Read moreDespite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.
Read moreChina’s murky debt collections get new rules: don’t harass, no late-night operations, don’t enter homes uninvited
With household debt at worrisome levels, curbing consumption and China’s economic recovery, Beijing is interjecting in the largely unregulated process with new guidelines for issuing loans and collecting arrears.
Read more‘Young Sheldon’ Is Set to End as It Finds a New Audience on Netflix
The seven-year run of the hit series, which ends on Thursday, mirrors the story of the television business during that time.
Read moreVantage, Our Cruise Company, Went Bankrupt. We Are Out $17,905.
A couple purchased an Arabian Sea voyage, but Vantage, the cruise company, went under. Their travel insurance was supposed to cover financial default, but the claim was repeatedly denied.
Read moreCan Dogs Go Into NYC Restaurants?
According to the New York City Department of Health and many diners with service dogs, the answer is no. But some dog owners can’t part with their pets.
Read moreJewelers Turning to Artificial Intelligence for Online Advertising
Jewelers are increasingly exploring the technology’s potential to create new worlds in online campaigns.
Read moreChinese EV maker Nio pledges to avoid price war to maintain premium aura, even after launching mass-market brand Onvo
Chinese electric vehicle (EV) maker Nio plans to stay on the sidelines amid a bruising price war in the sector, even after it launched a new mass-market brand to target budget-conscious consumers.
Read moreInflation Moderated Slightly in April, Offering Some Relief for Consumers
Prices rose 3.4 percent in April from a year earlier, a slight easing from the previous month and a positive sign for the Federal Reserve.
Read moreVisa-free China entry approved at all cruise ports, tourists allowed to stay for up to 15 days
The visa-policy easing is expected to boost tourism that has yet to fully rebound since the pandemic, and the move could also give local economies a jolt.
Read moreClimate change: Shanghai’s main gas supplier is building facilities to turn kitchen waste into green methanol to fuel ships
Facilities capable of producing 70,000 to 100,000 tonnes of green methanol from leftover food will be ready by the end of 2025, Shi Pingyang, vice-president of Shenergy, told reporters on Wednesday.
Read moreS&P 500 Pushes Past Previous Record After Inflation Report
Investors seized on the latest inflation report as another sign that interest rates could be cut this year, helping push the S&P 500 past its March record.
Read moreNetflix and the N.F.L. Sign a Three-Season Deal
Football joins pro wrestling and comedy specials in an expansion of the streaming service’s live offerings, a key step in the company’s overall live TV strategy.
Read moreThe man who turned his dead father into a chatbot
The "grief tech" firms helping users create talking avatars of their dead relatives.
Read moreBeijing’s intervention in Chinese markets, including tech, could strangle ‘economic dynamism’, author says
A new book on China’s tech regulations and economic governance assesses the impact of perceived overreaching in the market, with far-reaching effects flagged by professor Angela Zhang.
Read moreCNN and ABC Snag the Presidential Debates
In a matter of hours, two networks outmaneuvered their rivals and landed a coveted pair of Biden-Trump prime-time debates.
Read moreFrank McCourt Starts Effort to Buy TikTok
Mr. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet.”
Read moreNetflix to stream Christmas Day NFL games for three years
Netflix is taking its most significant step yet into live sports with a deal to stream NFL games on Christmas Day.
Read moreNetflix ad-supported tier has 40 million monthly users, nearly double previous count
Netflix's cheaper, ad-supported tier now has 40 million global monthly active users, nearly double the 23 million the company reported in January.
Read moreAI Program Aims to Break Barriers for Female Students
A new program, backed by Cornell Tech, M.I.T. and U.C.L.A., helps prepare lower-income, Latina and Black female computing majors for artificial intelligence careers.
Read moreTrump Media Stock Rally Pushes Value of Trump’s Stake to $6 Billion
In their first few weeks of trading, shares of Truth Social’s parent company soared, then crashed, and have recently made a strong recovery. Former President Donald J. Trump’s holding is now worth about $6 billion.
Read moreDemocrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture
The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on.
Read moreBiden's EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay but not stop Chinese EVs from coming to the U.S.
Read moreMcDonald's $5 value meal is coming in June — and staying for just a month
The offering will include four items — a McChicken or McDouble, four piece chicken nuggets, fries and a drink.
Read moreWhat the F.A.A. Bill Means for Travelers
The legislation, which funds federal aviation programs for the next five years, cements new passenger protections, adds new routes and lets the T.S.A. continue to expand facial recognition programs. Here’s what you need to know.
Read moreEducation Dept. Extends Deadline to Consolidate Student Loans for Forgiveness
Borrowers with commercially held loans will now have until June 30 to take steps to make their loans eligible for elimination.
Read moreYouTube Blocks ‘Glory to Hong Kong’ in the City
Responding to a court order, YouTube and its sister company, Google, will block viewers in the region from viewing videos of the song, “Glory to Hong Kong.”
Read moreTesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.
Read moreWalgreens to offer its own cheaper version of opioid overdose reversal drug naloxone
Walgreens said it will sell a two-dose pack of its naloxone for $34.99, around $10 cheaper than the over-the-counter Narcan nasal spray.
Read moreInside the Rent Inflation Measure That Economics Nerds Love to Hate
The Consumer Price Index inflation measure accounts for housing costs in a complicated way. There are reasons for it.
Read moreHow MSNBC’s Leftward Tilt Delivers Ratings, and Complications
NBC’s leaders have been forced to grapple with how to square its cable news network’s embrace of progressive politics with the company’s straight-news operation.
Read moreJustice Dept. Says Boeing Violated 2021 Settlement Over Max Plane
The department said the company had failed to design and enforce a compliance and ethics program to prevent violation of U.S. fraud laws.
Read moreA Big Plot Twist at OpenAI
Ilya Sutskever, a co-founder at the artificial intelligence start-up and one of the world’s leading researchers, is out, and Sam Altman’s control looks firmer than ever.
Read moreWhy Is Car Insurance So Expensive?
Soaring premiums have become a prominent driver of inflation, and insurers say that more increases could be on the way. How did it get like this?
Read moreUS tariffs on China: what’s the real impact, and what could happen next?
Analysts discuss how Beijing could respond to Washington’s latest trade offensive, and how the impact could have repercussions beyond China’s borders.
Read moreDisney+ will stream Caitlin Clark's WNBA debut in the platform's first live sports event
The WNBA regular season opens tonight with NCAA star Caitlin Clark making her debut. The game will be the first-ever live sports event streamed on Disney+.
Read moreChina property: Hangzhou, the headquarters of Alibaba and Geely, mulls buying unsold homes to boost market
Authorities in Hangzhou, the capital of China’s Zhejiang province, are planning to buy homes and rent them at affordable rates, to reduce inventory and boost sales.
Read moreQatar energy minister hails China partnerships on LNG, renewables, supertankers
After his visit to Beijing to sign US$6 billion shipbuilding deal, Saad bin Sherida al-Kaabi reports friendly meetings and good prospects for further cooperation.
Read moreFew Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
Read moreChina adjusts added value accounting to mitigate data manipulation, clean up GDP statistics
The added value of the financial sector is being calculated via a new set of metrics to increase statistical accuracy and cut down on data manipulation, making GDP figures more resilient to massaging by localities.
Read moreAlibaba, Tencent beat forecasts with strong results, a harbinger of China’s improving corporate earnings as economic growth takes root
Strong financial results by the two companies are the touchstones of the earnings growth that global investors are looking for, as they debate whether China’s post-pandemic recovery was a flash in the pan.
Read moreTikTok Creators Sue to Block U.S. Law Requiring Sale or Ban
The group, whose legal fees are being paid for by the company, said a ban of the app would violate their First Amendment rights.
Read moreJustice Department says Boeing breached 2021 agreement that shielded it from criminal charges over 737 Max crashes
The Justice Department said Boeing violated a 2021 deferred prosecution agreement that protected it from criminal charges over the two fatal 737 Max crashes.
Read more'Corrupt ship inspectors demand our food and cargo'
Seafarers tell the BBC port officials routinely demand bribes before allowing ships through.
Read moreChina population: Beijing rounds up experts for birth rate recommendations as youths report reluctance
A meeting of political officials and experts has been convened to propose new ways to boost dropping fertility rates, as recent policies have made little headway in encouraging births.
Read moreNew York Travel Disruptions Loom As Air Traffic Controllers Balk at Move
The F.A.A. is clashing with workers over efforts to relocate them from New York to Philadelphia. Senator Chuck Schumer has denounced the plan.
Read moreRed Lobster Temporarily Closes Dozens of Restaurants
The seafood chain has been losing money for years. The liquidator behind the auction said more than 50 of its U.S. locations had closed.
Read moreHome Depot misses on revenue, as high interest rates hurt sales
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.
Read moreAMC's meme stock windfall may help it pay down a massive debt load
The last time these retail investors rallied around AMC, it avoided bankruptcy. Now, it has a chance to put a dent in its substantial debt load.
Read moreUnder Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again
A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill starting on Wednesday.
Read moreWalmart is laying off, relocating hundreds of corporate workers across the country. Read the memo
The move follows the closures of the company's health clinics and comes ahead of its earnings report on Thursday.
Read moreFed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before
Jerome H. Powell, the Federal Reserve chair, said the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.
Read moreComcast Plans Streaming Bundle With Netflix and Apple TV+
The bundle, called StreamSaver, is the latest joint effort from entertainment companies looking to woo price-weary customers.
Read moreBiden says new China tariffs are needed to protect US industries from companies subsidised by Beijing
US President Joe Biden also gives his action a political edge, criticising Donald Trump, his predecessor and challenger for re-election, for failing to increase US exports and boost manufacturing.
Read moreFat Brands confidentially files to IPO its Twin Peaks and Smokey Bones restaurant chains
Fat Brands and its chair Andy Wiederhorn were criminally indicted for an alleged $47 million bogus loan scheme.
Read morePeople on Novo Nordisk's Wegovy maintain weight loss for up to four years, study says
The results shed light on the long-term effects of Wegovy, and could boost Novo Nordisk's case to insurers and governments to cover the costly drug.
Read moreComcast offers subscribers Peacock, Netflix and Apple TV+ bundle
The announcement comes as major media players, like Disney and Warner Bros. Discovery, increasingly join forces to boost subscriptions for streaming services.
Read moreWill Biden’s Trade War With China Get Results?
The White House has imposed $18 billion in new duties on Chinese imports, but it’s unclear how much that will help his economic agenda.
Read moreChina hits back as US proposes new tariffs for ‘unfair’ tech-transfer policies that ‘burden’ US commerce
Tariffs would rise to 100 per cent from 27.5 per cent on China-made electric vehicles (EVs) and to 50 per cent on its semiconductors and solar cells.
Read morePunitive tariffs on Made in China EVs likely to restrain BYD, Leapmotor and peers from US market, hurt go-global plans
Prohibitive tariffs await Made in China electric vehicles bound for the US. Can the nation’s producers keep growing their sales and brand awareness without making inroads into the US and European markets?
Read moreGlobal Impact: will ‘golden times’ return for China? Analysts, observers and military personnel have their say
In this week’s issue of the Global Impact newsletter, we share some highlights from Open Questions, a new series from the Post that interviews global opinion leaders.
Read moreChina’s first sodium-ion battery energy storage station could cut reliance on lithium
The success of the station could have big implications for the industry, as the new technology is seen as a promising alternative to resource-dependent lithium batteries.
Read moreCow dung's key role in India's energy industry
India is hoping that biogas, produced from farm waste, will curb its reliance on imported gas.
Read moreHow China’s EV overcapacity has come to a head after 15 years, and what’s in store for the industrial policy race with US and EU
Fresh US tariffs targeting China’s new-energy sector are imminent, threatening to thwart export efforts aimed at alleviating a market oversupply.
Read moreChina begins work on new C939 widebody jet, going bigger and bolder after C919’s success
With its narrowbody C919 flying regular routes and orders pouring in, China has already started design work on the next generation of its domestically produced commercial aircraft – the C939.
Read moreChina, Russia could bypass barriers to buoy business as Western sanctions bite, researchers say
Finance deals made through smaller Chinese banks would help ‘resolve the threat of secondary sanctions’, according to fresh findings by a Renmin University institute.
Read moreWhat green light for Tesla says about China’s attitude to foreign investors
From the Shanghai Gigafactory to Tesla’s autonomous driving plans, China’s encouragement reflects give-and-take and a recognition of the mutual benefits of foreign investment and tech
Read moreChina credit engine goes into reverse, piles pressure on Beijing
China’s shock credit contraction is adding pressure on the government to spend more money – and on the central bank to help.
Read moreChina is paying some workers in digital yuan – but few are choosing to use it
China has begun to test paying some state employees through its digital currency, but the trial is not making much impact in the e-CNY’s adoption as most quickly and automatically switch their salaries to cash.
Read moreWill Putin’s China visit help re-energise a dormant pipeline project?
When Russian President Vladimir Putin visits China, many have predicted he will discuss the slow progress on the Power of Siberia 2 pipeline. Is the marquee project, watched closely by the West, still a go?
Read moreCold war 2.0 would exact a much higher economic price
It is starting to look as if the changes in global economic ties will lead not to a hot war but a new ice age where US- and China-aligned blocs coexist in an environment of slow growth and tension
Read moreFrom CATL’s ultra-fast battery to Zeekr’s ‘living room’ on wheels, Auto China show offers a glimpse of the future of electric vehicles
The era of battery-powered cars has truly arrived, as EVs dominated the car show. While carmakers still displayed a lot of futuristic concepts, it was the ongoing price war that had people talking.
Read moreChina inflation: raising costs of public services a ‘necessary step’ to offset property, debt pressures
Property slump and rising debt piles provide debt-ridden local governments the opportunity to increase the cost of services such as rail fares and utilities.
Read moreChina scouts Hungary to power EV battery production and sell to wider, warier EU
As China looks to tap Europe’s vast market for lithium batteries, Hungary has become an attractive destination for production to make logistics simpler – and bypass EU trade investigations.
Read moreChina urged to support key middle class, fix social problems to ‘supersize’ domestic market
Policy adviser Liu Yuanchun says expanding weak domestic demand remains the ‘key measure’ for China, with reforms needed to empower rural population as Beijing eyes sustainable economic growth.
Read moreContain China? Washington, that ship has sailed
Unlike the Soviet Union in the 1980s, China has a highly diversified economy and capable defences making it unlikely to collapse or be contained. Despite what some pundits in Washington may believe, much of the world would not readily join the US in a war or containment strategy against China
Read moreHSBC, Standard Chartered press Sunak to ease proposed clampdown on China business
Banks like HSBC and Standard Chartered are urging the British government to amend a proposed legislation that aims to impose restrictions on doing business in China.
Read moreIn China, business sentiment plunges to ‘all-time low’, EU Chamber of Commerce finds
European firms have been revising expectations for the Chinese market while planning for a projected economic slowdown, further adding to China’s challenges and ‘setting a negative cycle in motion’.
Read moreThe post-Brexit hard sell for British food in Asia
The UK still lags far behind its main European counterparts, both in terms of sales and reputation.
Read moreChinese scholars suggest official line between entrepreneurs, capitalists to jolt private-sector spirit
With the government pulling out the stops to show support to the private sector, some scholars have called for an official delineation between entrepreneurs and ‘capitalists’ to demonstrate ideological sincerity.
Read moreChina trade: 5 takeaways from April as exports show ‘green shoots’ of recovery, but domestic demand key
China’s exports returned to positive growth in April amid a recovery of global demand, but analysts said the focus should still be on sustaining momentum in domestic demand.
Read moreShanghai businessman Richard Yan declared bankrupt after New Zealand liquidators fail to track him down for hearing
New Zealand High Court held Yan bankrupt in connection with more than NZ$60.9 million (US$36.6 million) he owes construction company Mainzeal’s creditors.
Read moreChina’s local governments swap debt for data as pressure builds to relieve burdens
Local governments in China are exploring the use of data as an asset to help reduce their heavy debt burdens, but this has prompted concerns over efficacy and legality.
Read moreWill AI dream up the hit TV shows of the future?
Television production firms admit they are already using AI to come up with new programme ideas.
Read moreHow quantum physics could 'revolutionise everything'
From unhackable communication networks to powerful computers, quantum technology promises huge advances.
Read moreThe rise of Sweden's super rich
Why the Nordic nation, despite its reputation for social equality, has so many billionaires.
Read more'Garden floods show need to work with nature'
Insurance scheme urges gardeners to use planting to protect their homes from floods.
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