China's economy will be hobbled for years by the real estate crisis
China's robust growth, one of the fastest sustained expansions for a major economy in history, was propelled for decades by a housing boom fueled by a rising population and urbanization.
2023-10-06 18:22
MGM expects cybersecurity issue to negatively impact third-quarter earnings
MGM Resorts International said on Thursday operational disruptions due to a cybersecurity issue in September are expected to
2023-10-06 06:28
Why China's young people are quitting their jobs and throwing 'resignation parties'
On the day Liang resigned from his banking job in China's Zhejiang province, his friends threw a party and congratulated him by beating gongs and drums, in an echo of traditional marriage rituals.
2023-10-05 16:23
'Sushi terrorism' pranks prompt Japanese chain to turn to cartoon conveyor belts
A Japanese sushi chain targeted in a spate of pranks that has sparked concern over hygiene has devised a digital conveyor belt to serve food to customers.
2023-10-05 12:53
Capvision says it has addressed China's concerns about national security
Capvision, an international advisory firm whose offices in China were raided by officials, says it has successfully completed a national security inspection overseen by the Chinese government.
2023-10-04 17:52
Hong Kong stocks sink most in three months amid China property woes, US rate worries
Stocks in Hong Kong sank the most since early June after trading resumed following a Chinese holiday, as worries mounted on China's weak housing market, while investors were also concerned about persistently high US interest rates.
2023-10-03 12:54
Has China's economy bottomed out? Factory output and 'Golden Week' travel offer glimmers of hope
A return to growth in China's manufacturing sector and a boom in travel during the annual "Golden Week" holiday is fueling hopes that the economy could be regaining momentum after a major slowdown this year.
2023-10-02 17:54
Evergrande's chairman has been detained. The company will struggle to survive
After defaulting on its debt two years ago, Chinese real estate developer Evergrande was meant to be restructured and allowed to get back on its feet. But that plan now looks to be in peril, after police detained its chairman as well as staff at a financing subsidiary.
2023-09-29 19:23
Trade between Russia and China is booming so much that shipping containers are 'piling up'
Shipping containers from China are "piling up" in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found.
2023-09-29 13:46
China Eastern Airlines just made the biggest C919 order ever, for 100 planes
China Eastern Airlines said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC).
2023-09-29 11:18
Evergrande shares suspended from trading as liquidation concerns mount
Shares in embattled Chinese developer Evergrande Group and its two subsidiaries were all suspended from trading in Hong Kong on Thursday, after fears grew about its ability to restructure its mammoth debt and stave off a liquidation of the business.
2023-09-28 11:23
Evergrande stock crashes again as fears of collapse grow
Shares of Evergrande Group crashed again on Wednesday as fears grew of a potential liquidation of the company, the poster child of China's property crisis.
2023-09-27 18:22