Chinese property developer Country Garden has obtained the green light from its creditors to extend the repayment term of a crucial bond and avoid a default, the Bloomberg economic outlet reported on Saturday. The holders of bonds of the company agreed on Friday night the conditions to postpone to 2026 the repayment of 3.9 billion […]
Tag: China
China strengthens its economic support measures amid concern over Country Garden
China on Friday stepped up measures to boost the country’s faltering economy: major banks paved the way for further cuts in lending rates and authorities cut the amount of funds institutions must hold in foreign reserves. China is facing a slowdown that has rocked global markets, with attention now focused on the developer’s debt crisis […]
China takes more measures to support the real estate sector
China announced reductions in mortgage interest and the down payment required to purchase homes to promote the “stable and healthy development” of a real estate sector plunged into a major crisis for more than two years. The measures, which will enter into force on September 25, were announced last night in various statements released by […]
Country Garden faces vote to delay payments; China deploys more support
The embattled Chinese promoter Country Garden It faced a key test of investor confidence on Thursday as its creditors were due to vote on whether to delay payments on an onshore private bond, while Beijing rolled out more support measures for the real estate. The vote on the 3.9 billion yuan ($535.4 million) private bond […]
Air pollution is the greatest risk to human health, according to a study
For the average person, the air pollution is more dangerous than tobacco or the alcohol and the threat is worse in the south of Asia, its world epicenter, despite improvements in China, says a study released Tuesday. Despite this panorama, the financing to face this challenge is a fraction of that destined to fight against […]
China warns US against ‘disastrous’ trade restrictions
The Prime Minister of China warned on Tuesday USA that the measures forpoliticize” commercial relations are “disastrous” for the world economy, according to statements collected in state media. US Commerce Secretary Gina Raimondo is on a four-day visit to China to de-escalate tensions between the world’s two largest economies. raimondo met on Tuesday with the […]
Copper gains ground after China’s measures to support the real estate market
The prices of copper were higher on Tuesday as funds trimmed their bets to the downside after China – the world’s top consumer of industrial metals – took steps to boost its housing and stock markets ahead of manufacturing data. The reference copper in the London Metal Exchange (LME) it was up 0.9% at $8,428 […]
The US and China will create a working group on trade issues
USA and China They have agreed to create a working group on trade issues, the US Commerce Department said Monday, as the two world powers try to ease bilateral tensions. The US Secretary of Commerce, Gina Raimondo, and her Chinese counterpart, Wang Wentao, reached the agreement on Monday in Beijing, where they met with their […]
Chinese real estate giant Evergrande collapses on the day of its IPO
The shares of the Chinese real estate giant evergrande They plummeted nearly 80% on the Hong Kong stock market on Monday, the first day they were back on the market after a 17-month suspension. The resumption of operations came after the company announced on Friday that it had complied with the exchange’s requirements, including publishing […]
US Secretary of Commerce Begins Visit to China
US Secretary of Commerce Gina Raimondo will meet with Chinese officials on Monday during a visit to beijing aimed at appeasing trade tensions between the world’s two largest economies. His visit, which runs through Wednesday, is the latest in a series of high-level trips by US officials to China in recent months. Such visits could […]