Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
Category: China
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Intelligence Agencies Warn Foreign Spies Are Targeting U.S. Space Companies
U.S. officials say Chinese and Russian spy agencies are trying to steal technology from private American space companies and preparing cyberattacks that could disable satellites in a conflict.
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Interest Rate Jitters Sink the Giants of Tech
Apple, Nvidia, Tesla and Microsoft are among the giants that have tumbled by at least 10 percent in the past month after powering a market rally earlier this year.
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Trouble in China Pushes Hong Kong’s Hang Seng Into Bear Market
The Hang Seng Index has fallen more than 20 percent from its recent high, as investors grow more pessimistic about China’s post-pandemic recovery.
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In China, More Single Female Home Buyers, Resisting Sexist Norms
The housing market in China is in turmoil. But more and more women, facing a less equal society, are buying their own homes in search of security.
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China Evergrande, Giant Developer, Files for Bankruptcy
The filing comes two years after the company defaulted on its debt, setting off defaults by smaller Chinese developers.
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China and Hong Kong Stocks Slump as Economic Gloom Spreads
A string of worrying data has taken the fizz out of markets.
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Intel Acquisition of Tower Semiconductor Is Scuttled by China
Intel calls off its planned acquisition of Tower Semiconductor, an Israeli chip maker, after waiting in vain for 18 months for a review by Chinese regulators.
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Country Garden: Why Its Financial Crisis Poses a Risk to China
Country Garden was China’s biggest real estate developer. Now it is staring down default, facing billions of dollars in losses and $200 billion in unpaid bills.
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What China Isn’t Telling the World About its Economy
Beijing stopped releasing youth unemployment figures in its latest attempt to play down negative trends as growth stalls, and global concerns grow.