A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.
Category: China
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Hong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary.
Its close ties to Beijing are putting the city, still an international financial hub, in a bind as it lures Western investors to revive its economy.
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$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation
Goldman Sachs and others are predicting that crude will hit triple-digit prices, a scenario that could impact global economic growth.
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Burner Laptops and Smaller Profits: Firms Portray Their China Challenges
Business groups chronicle the difficult environment inside China for U.S. and European companies navigating confusing regulations and an intensified security focus.
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China’s Import Curbs on Cosmetics Face Pushback in Europe
Cosmetics sales in China are soaring, but a group of exporting nations led by France are pushing Beijing to lift restrictions they say are blocking them unfairly.
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What Retail Sales and Other Data Say About China’s Economy
Consumers are spending a little more, but apartment prices and the pace of construction keep falling.
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Senate Committee Backs Bill to Deepen U.S. Economic Ties With Taiwan
Legislation to end double taxation between Taiwan and the United States is intended to spur semiconductor investment but is likely to rankle U.S. relations with China.
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People’s Bank of China Cuts Reserve Requirement to Spur Bank Lending
The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.
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China Denies Banning iPhones, but Cites Unspecified Security Concerns
The comments marked Beijing’s first public response to reports that some government agencies have told employees not to use iPhones for work.
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European Union Will Investigate Chinese Subsidies of Electric Cars
The European Commission president, Ursula von der Leyen, announced the inquiry amid growing concern about China’s dominance over electric vehicles.
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As Smartphone Industry Sputters, the iPhone Expands Its Dominance
Apple, which is set to release a new iPhone on Tuesday, has increased its share of smartphone sales by converting Android customers and adding teenagers.