The real estate firm halted critical work to settle its debts and investors dumped their stock amid news executives were under suspicion by the authorities.
Category: Hong Kong
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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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Seafood Is Safe After Fukushima Discharge, But Some Won’t Eat It
Sushi is among several shunned foods as Japan dumps treated radioactive water into the Pacific. Experts say the fear is irrational but understandable.
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China Faces a Crisis in Its Real Estate Sector
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.
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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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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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‘Rooftopping’ Is Popular on Instagram, but the Risks Are High
“Rooftoppers” get a thrill from taking photos atop skyscrapers and sharing them on social media. Detractors call them reckless.
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Judge Rejects Hong Kong’s Bid to Ban Pro-Democracy Song From Internet
The authorities sought a court injunction that could have pressured Google and other tech firms to remove “Glory to Hong Kong.”
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“Glory to Hong Kong” Injunction Ruling Will Be Made Next Week
The government wants to prohibit “Glory to Hong Kong,” saying it defames China’s national anthem, in a case that could force Google to restrict access to the song.
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Hong Kong Judge Delays Decision on Ban of ‘Glory to Hong Kong’
The government, seeking a broad order to stop the internet distribution of “Glory to Hong Kong,” will return to court next month to address a judge’s questions.
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Investors Sour on China’s Stocks, Renewing Fears About Economy
They initially reacted enthusiastically to China’s reversal of pandemic restrictions but have since taken a dimmer view of the country’s recovery.