China’s banks are to provide more loans to operators of coal-fired power plants and coal mines, according to an order from China’s banking and insurance regulator. The aim is to overcome the country’s energy crisis and increase the production of coal-fired power plants, as Bloomberg reports. In the past few days, high coal prices and […]
To melt away – an ice cream in the shape of the Tengwang Pavilion in Nanchang, the capital of East China’s Jiangxi province.
Nearly 2,000 Chinese citizens appear in the largest data leak on shell companies in tax havens to date, according to data compiled by the International Consortium of Investigative Journalists (ICIJ). The People’s Republic ranks among the countries with the most beneficiaries, with 1,892 owners of shell companies. According to the data, a current politician and […]
Some call it sinister, others ingenious: the business model of fitness studios. After all, who hasn’t experienced it: You sign up, go regularly for a few months, but eventually, your weaker inner self wins. However, you don’t cancel your membership either. The fitness boom has not passed China by. The young generation is spending more […]
China’s health authorities have instructed cities in the People’s Republic to set up quarantine centres for people arriving from abroad, the South China Morning Post reports. According to the report, city governments will no longer use hotels for quarantine purposes, but will set up separate quarters. According to the report, a quota of 20 beds […]
Beijing released a draft detailing its data security law on Thursday, Reuters reports. In it, the authorities define what data is considered ordinary data, important data and “core data”. Ordinary data, according to the bill, is data that has minimal impact on society and affects only a few individuals and companies. Important data is data […]
Large investors such as pension funds and insurance companies have indicated in a survey that they are currently more cautious about expanding their China exposure, Financial Times reported. A survey of more than 200 asset managers found that 12 percent plan to reduce their exposure to China. In 2019 when the survey was last conducted, […]
Tens of thousands of retail investors in China are currently fearing for their savings. They have put a lot of money into Evergrande’s asset products and are now wondering whether the state will intervene and save them or whether Evergrande will stop making its payments. Many are taking to the streets, some even taking their […]
Investment bank Goldman Sachs has cut its growth forecast for China for the current year from 8.2 to 7.8 percent, Reuters reports. Causes are cited as energy shortages(China.Table reported) and production cuts in industry. The power supply crisis has prompted companies in several parts of the country to cut production. Goldman Sachs estimates that as […]
South Africa’s Zambia is much deeper in debt to Chinese banks than previously believed. The landlocked country may owe its creditors nearly twice what the government has previously disclosed, according to a new study by Johns Hopkins’ China Africa Research Initiative. According to the study, the country owes Chinese banks and government agencies the equivalent […]