彭博社援引消息人士的说法称，中国最大房地产公司之一的恒大集团董事局主席许家印目前已被警方监视居住。消息一出，引起外界广泛关注。在中国房地产公司不断爆出债务危机的趋势下，有观察家指出，这一事件表明中国经济崩溃的多米诺骨牌倒下的速度正在加快。
彭博社的这条消息实质内容非常简短，只是提到许家印在本月早些时候就被警方带走，并被置于监视居住之下。报道中没有透露许家印被关押的具体地方，也没有解释警方到底是以什么名义将他带走，更没有说他已经被指控任何罪名。
[xyz-ihs snippet=”In-article-ads”]真的被抓了？
曾在中国长期从事房地产业的刘金星告诉本台，他不太相信这条消息，“它（这种做法）实际是跟现在大的政策环境相违背的。”
他分析说，恒大8月在美国纽约提起破产保护，这说明中国政府对恒大债务重组是给了一条出路的；并且中国也不想把这些房地产公司打碎，从中国现在的经济形势来看，也没有必要这样做。
“从国务院新一届的领导班子来看，对于保护民营经济的积极性，是在采取工作的；而许家印这些人其实是民营经济的标杆，大家在看着他们，”刘金星认为，如果真把许家印抓了，会在全社会的民营企业家群体中产生一种和政策相反的效应。
值得注意的是，就在两周前（9月16日），许家印下属的恒大金融财富管理深圳有限公司执行董事兼总经理杜亮在深圳被警方抓捕。几乎同一时间，恒大人寿原董事长、现已转任中融人寿代行董事长的朱加麟于9月17日被带走，目前处于失联状态。还有消息称，恒大集团前总裁夏海钧2022年回到中国就被“相关部门”控制起来，恒大集团前首席财务官潘大荣也被控制。财富杂志中文网就此指出，许家印手下四员大将都已被抓。
在这一背景下，许家印本人被警方监视居住，似乎并不显得特别突兀。前中国民营企业家胡力任向本台透露，他从恒大集团内部的职工处得知，许家印实际早已被控制，“现在消息说他被监视居住，实际就是被控制起来了。但他早就被控制了，几年前就被控制了，无法对外联系了，实际上早就失去自由了，就是从2021年开始的。”
图为位于深圳的恒大总部。2023年上半年，恒大净亏损人民币392.5亿元。（路透社图片）
无解的问题
作为中国最大房地产公司之一的恒大，其债务问题三年来屡见报端，在中国经济界引发强烈震动。早在2020年的9月，网上就流传着一份《恒大集团有限公司关于恳请支持重大资产重组项目的情况报告》，这份文件称，恒大债务率大幅攀升，恳请广东省政府支持其重大资产重组，否则恒大资金链断裂，将引发严重违约，产生金融系统性风险和社会风险。
当时恒大方面出来澄清，说这份文件是假的，辩称公司财务稳健，但市场都已相信，恒大已经深陷债务困境，在苦苦挣扎。后续有关恒大债务困境的消息果然接连不断。截至2022年底，中国恒大负债总额已经达到24374.1亿元人民币。
据路透社的最新消息，一些恒大集团的海外债权人表示，如果恒大不能在10月30日之前提出新的债务重组计划，他们将申请对恒大进行清盘。
但恒大的债务问题只是中国房企债务问题的冰山一角，除了恒大之外，碧桂园、花样年、佳兆业等等中国大型房地产公司，这几年也相继传出债务违约的消息。
房地产公司债务问题在这几年集中爆发，也牵扯出相关责任人的去向问题。目前身在美国佛罗里达州的胡力任告诉本台，许家印的处境并不奇怪，他所认识的多位国内房地产商都因为债务问题被控制；也有精明的房地产商早已出国，把资产转移出来，并且短期内不准备回去。
[xyz-ihs snippet=”googleAD300x100″]美国华盛顿民间机构“信息与战略研究所”所长李恒青则指出，中国政府把许家印这样的房地产商控制起来的做法早已有端倪，但这对于挽救当前中国经济的危局并没有太大的作用，“系统性金融危机已经爆发了，骨牌现在是一个一个地倒，从去年到今年，关于中国的消息这么多，每天应接不暇，没有好消息，全是坏消息。”
他强调，许家印被监视居住衬托着中国经济严重下滑的背景，这只是经济向更坏情况发展的一个征兆，“这就是（经济）垮起来的时候，就像多米诺骨牌倒下在加速，所以现在实际没招。”
中国恒大集团标志（路透社资料图）
经济全局的问题
据国家统计局的数据，1—8月份，全国房地产开发投资76900亿元，同比下降8.8%；商品房销售面积73949万平方米，同比下降7.1%。并且可以看到，去年同期以来，房地产开发投资一直在下降，尤其是今年开年以来，每个阶段的降幅都比上一个阶段在增大。
与此同时，中国整体经济运行的状况也引起外界广泛担忧。据中国国家统计局的数据，除了刚刚过去的8月份实现正增长之外，全国规模以上工业企业利润从去年下半年以来连续下降，外界很多人认为中国经济可能还没有跌到底部。
刘金星认为，中国政府显然是知道经济出了问题，也显示出了要拯救经济的决心，但其经济手段可能未必有效，“就是过去四十年经济上的成功，他们太迷恋所谓宏观政策调控，他认为可以控制住。可是，这么大的经济体量，这种做法却未必是有效的。”
他强调，过去很多年中，中国政府把矛头对准房地产，对房地产进行多种调控，以及三年疫情期间进行的社会管控措施，这些原因才是导致房地产困局，以及经济下行的主要原因。趋势既已形成，虽然近来出台了一些房地产的利好政策，也未必会产生积极影响。
李恒青则担忧，经济下行的趋势继续下去，可能引发大规模的民变。
许家印与多名高层被拿下 当局对恒大收网
中国恒大集团主席许家印（中）、前首席执行官夏海钧（右）、首席财务官潘大荣（左）传都已被当局控制或带走。（中新社）
中国恒大集团主席许家印今天据报已被监视居住，他的得力助手也相继被带走调查，加上恒大的融资管道被官方堵住，债务重组也被搁置，显示中国当局对恒大开始收网，这座摇摇欲坠的金融帝国面临瓦解。
中国社群21日盛传许家印被抓，他与保镳一度激烈反抗。许家印因此没有出席26日的恒大周例会，改由行政总裁肖恩主持。
陆媒财新英文网24日报导，中国恒大前首席执行官夏海钧、首席财务官潘大荣均已被控制或带走。夏海钧此前是恒大第二号人物。
据知情人士透露，中国恒大集团及其子公司的多名现任和前任高层已接受调查，当局正在调查这家陷入困境的企业集团是否违反资金使用规定。
消息人士称，潘大荣最近被中国大陆当局拘留，夏海钧在2022年中左右返回大陆后也对其实施了限制。两人均负责这家房地产巨头的财务业务，并于去年7月因涉嫌卷入银行存款丑闻而辞职。
在此之前，恒大集团前执行总裁柯鹏今年1月被警方带走调查。他涉及深圳的旧改项目，曾经被视为恒大最重要的“压舱石”。
恒大财富总经理杜亮等人16日被深圳公安采取刑事强制措施；恒大人寿前董事长朱加麟21日传出被调查。这两家公司都被视为许家印的“钱袋子”，为恒大自身或关联的项目提供融资。
陆媒钛媒体昨晚报导指出，夏海钧等人被有关部门控制，是一个非常明显的信号，说明相关部门对恒大的处置，或已到了收网的阶段，即使是以前离职的高管，也难逃其责。
报导指出，恒大的融资管道被堵上，债务重组也被搁置，显示当局开始收网。
中国恒大24日晚间公告称，鉴于恒大地产集团正被立案调查，目前的情况无法满足新票据的发行资格。
[xyz-ihs snippet=”GoogleADresponsive”]报导指出，中国房企发行票据是有相关规定的，“境内企业境外发行证券和上市管理试行办法”第8条规定，存在五种情形不得境外发行上市，其中之一是“境内企业因涉嫌犯罪或者重大违法违规行为正在被依法立案调查，尚未有明确结论意见的。”
而恒大公告中提到“恒大地产集团正在被立案调查中”，是在今年8月16日收到中国证监会下发的立案告知书，因公司涉嫌讯息披露违法违规，中国证监会决定对恒大地产立案。
报导强调，其实恒大地产被立案调查后，恒大就知道不能发行新票据。无法发行新票据，就是没法再发债借钱，意味着从融资端堵住了恒大的输血管道，也意味着恒大境外债务重组或将以失败告终。
此前，恒大债务重组表决会议一再延后，9月22日直接告称，由于销售情况不如预期，债务重组会议将不会举行。
陆媒北向财经报导也指出，恒大财富负责人杜亮16日被警方采取强制措施；恒大债务重组会议22日被搁置；恒大24日公告无法满足新票据的发行资格，“如同三把利剑，每一把都直指恒大的命门。”
报导指出，短短一周时间，如此密集的动作，表明高层已经下决心要解决恒大的问题。许家印会迎来什么样的结局，其实答案早就已经明了，自从他手下3员大将被抓，一切就只是时间问题了。
报导研判，恒大金融帝国将轰然倒塌，累累废墟之下，是无数普通人的血汗，这一切应该有人负责。恒大的债务问题，极大机率将会以专案或者地区为个体，分拆解决。透过国资或者民企进入，拆分打包，最后分而食之。
来源: RFA/中央社
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Local governments often face extra fees when employees get out-of-network medical care, but some don’t track the insurance charges or even know about them.
Read moreChina’s stimulus offers shot in the arm for global firms amid consumption, capital boost
Foreign firms have enjoyed a boost in consumption and easier access to capital as Beijing has rolled out stimulus measures over the last month.
Read moreTax rises needed to avert austerity, Starmer says
The prime minister says the UK is facing unprecedented challenges, but promises better days lie ahead.
Read moreChina shifts supply-chain focus to ‘least-developed countries’ for November expo
Second edition of China International Supply Chain Expo will see more help given to institutions and companies from the African Union, as geopolitics weigh on trade.
Read moreImmersive entertainment company Cosm lands rights to broadcast NFL games
The immersive experience, with a 360-degree dome and giant 12K+ LED screens, allows people to feel as though they are at the game.
Read moreCorporate America Braces for Trump 2.0
The race for the White House is deadlocked, but business leaders aren’t taking chances, reaching out to the former president to rebuild relations.
Read moreChina Tightens Its Hold on Minerals Needed to Make Computer Chips
Already the dominant producer of rare minerals, Beijing is using export restrictions and its power over state-owned companies to further control access.
Read moreHow Beijing Tamed a Lawless Industry and Gained Global Influence
State-controlled companies now run an industry once known for its acid pits, radioactive waste and smugglers.
Read moreChina’s idyllic Xinjiang grasslands hid a salty soiled secret that’s been solved
Years of research have yielded productive plains that offer China more food security in the face of geopolitical upheaval and extreme weather.
Read moreChina’s property market shows signs of recovery as deals surge in top cities
Shanghai, Beijing and Shenzhen are on the way to recording multi-month highs in property transactions.
Read moreNo E. Coli Found in Samples of McDonald’s Beef Patties, Officials Say
The company said it would put Quarter Pounders back on the menu, without the raw onions that were considered the likely source of the bacteria.
Read moreChina’s steel and oil industries face mounting losses amid economic slowdown
China steel’s industry racked up losses of US$5 billion from January to September, while the oil sector’s losses widened to US$4.5 billion.
Read morePetroChina to downsize in northern China, shut its Dalian refinery in 2025, sources say
PetroChina plans to shut its Dalian refinery, with the capacity of 410,000 barrels per day, or 3 per cent of China’s total refinery output, around mid-2025, sources said.
Read moreUK Budget: What to Know Before Labour’s Announcement
The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.
Read moreChinese cities ease residency requirements as ‘war for people’ heats up
City governments have adopted a ‘hukou for home’ strategy as the competition for talent intensifies.
Read moreWorld's most indebted oil firm is headache for new Mexico leader
Claudia Sheinbaum inherits a buoyant manufacturing sector, but also a troubled state-owned oil firm.
Read moreRemoval of Chinese tariffs sees imports of Australian wine surge
Australia’s share of China’s imported wine market plunged to 0.06 per cent last year from 37 per cent in 2019.
Read moreCalifornia Governor Proposes $750 Million in Annual Film Tax Credits
Gov. Gavin Newsom wants to more than double the amount the state offers in incentives, which would make its program one of the nation’s most generous.
Read moreA New Business on Wall Street: Defending Against D.E.I. Backlash
Companies are conducting vulnerability assessments, compiling research reports and writing plans for what to do if their diversity efforts come under attack.
Read moreTom Jarriel, Globetrotting ABC News Reporter, Is Dead at 89
In his 37 years at the network, he was a White House correspondent, weekend anchor and correspondent for “20/20.” He won 19 Emmy Awards.
Read moreInside The Washington Post’s Decision to Stop Presidential Endorsements
Post owner Jeff Bezos ended the decades-long practice, weeks after a discussion at a meeting in Miami. The move has drawn criticism in and outside the newsroom.
Read moreHopes for stimulus roll-out on China’s horizon after industrial profits dive in September
All eyes are on November’s NPC Standing Committee meeting for more details of support for the economy.
Read moreChina’s Gen Z seeks solace through ‘emotional consumption’
Young consumers’ willingness to spend on blind box toys contrasts with wider retail gloom.
Read moreChina property: Sunac’s multimillion-yuan One Sino Park in Shanghai sells out in 3 hours
All 158 units in the project in Dongjiadu, Huangpu district, were sold, fetching the developer US$825.8 million.
Read moreThousands of Chinese kindergartens close as falling birth rate takes its toll
Last year saw the number of kindergartens fall by over 5 per cent while the number of children enrolling dropped by more than 11 per cent.
Read moreFor Investors, What if This Time Is Different?
Disregarding politics has worked brilliantly in the United States for a century. But market history offers comfort only up to a point, our columnist says.
Read moreHong Kong can fulfil its hydrogen ambitions via Foshan, suggests start-up
Hong Kong can boost its hydrogen economy by leveraging Foshan’s cheaper hydrogen and refuelling infrastructure, says H2 Solution’s CEO.
Read moreChina leveraging Laos to link up its Southeast Asian economic interests
Premier Li Qiang visited Laos earlier this month, with the relatively undeveloped and small Southeast Asia nation seen as key to China’s plans in the region.
Read moreWhat to Know About the Chinese Hackers Who Targeted the 2024 Campaigns
A group that experts call Salt Typhoon is believed to be behind a sophisticated breach of major telecommunication companies that has taken aim at American leaders.
Read moreBiden Administration Floats Student Loan Relief for Borrowers Facing Hardship
The proposal, which faces tough legal prospects, would offer forgiveness to millions of borrowers who are unable to pay back their loans because of financial setbacks.
Read moreOverlooked No More: Margaret E. Knight, Innovator of the Flat-Bottomed Paper Bag
She came up with a method of automation so that workers would not have to make the bags by hand. Then she fought for credit for her work.
Read moreHow Tom Llamas, an NBC Anchor, Spends His Sundays
Mr. Llamas, who has been racing between hurricanes and election coverage, makes time for baseball with his children and not-so-scary movies with his wife.
Read moreGlobal Economic Leaders Confront a New Era of Industrial Policy
Policymakers brace for more protectionism and the demise of “neoliberalism” if Donald J. Trump is re-elected in the U.S.
Read moreHow Jessica Tarlov of ‘The Five’ Became a Liberal Star on Fox News
A die-hard Democrat, she is a resident dissenter on “The Five,” the most-watched show in cable news. Does she have the hardest job on television?
Read moreAlabama Prison Labor Program Faces Legal Challenges
A work-release program for Alabama prisoners provides labor for corporations and income for the state. Lawsuits are challenging its constitutionality.
Read moreChina’s GPS rival secures US$1.78 billion as BeiDou system widens reach
BeiDou, China’s satellite navigation system, is continuing its global expansion with numerous investment deals signed at high-profile event.
Read moreMusk Wins Appeal Over Tweet He Had to Delete About Union Push
The Fifth Circuit court ruled that the 2018 post was protected speech. It also vacated an order to reinstate a pro-union Tesla worker who was fired.
Read moreHow Chinese smartphone makers Xiaomi, Huawei transformed into EV contenders
Thanks to an advanced supply chain, companies with no history making cars are challenging for supremacy in China’s EV market.
Read moreE. Coli Outbreak Tied to McDonald’s Widens to 75 People in 13 States
Health officials say that recalls of onions — the suspected source of the contamination — would help lessen the risk to consumers. Other major fast-food chains have also stopped offering onions.
Read moreWashington Post Says It Won’t Endorse a Presidential Candidate
The decision was made by Jeff Bezos, the paper’s owner, according to a person with knowledge of the talks. Will Lewis, the chief executive, said the paper was “returning to our roots” of not making endorsements for the office.
Read moreChinese Hackers Are Said to Have Targeted Phones Used by Trump and Vance
The targeting of the Republican presidential ticket’s phones is part of what appears to be a wide-ranging effort to gather information about American leaders.
Read moreFrance’s Financial Morass Produces a Harsh Critique From Moody’s
The financial ratings agency, citing a “fiscal deterioration” with rising borrowing and a political logjam, downgraded its outlook for French debt.
Read moreChina’s e-bikes delight consumers, but roil governments, overseas competitors
China’s e-bikes offer a budget and environmentally friendly option for consumers, but governments and competitors abroad have raised concerns.
Read moreAbercrombie Confronts Sex Trafficking Accusations Against Mike Jeffries, Ex-CEO
Recent sex trafficking charges against Michael Jeffries could entangle the retailer, too, as it tries to close a tumultuous chapter in its history.
Read moreWhat McDonald's needs to do next after E. coli outbreak
Health authorities are investigating the source of the E. coli outbreak that has sickened 75 and led to one death.
Read moreCDC says 75 people affected in E. coli outbreak linked to McDonald's Quarter Pounders
It is the latest tally of people affected since the agency announced the outbreak on Tuesday, initially citing 49 cases and one death across 10 states.
Read moreSpirit Airlines stock jumps 15% after struggling budget carrier said it will sell planes, cut jobs
Spirit Airlines shares rose after the struggling carrier said it will cut jobs and sell planes.
Read moreAirline Lost Your Bag? Here’s How to Reunite With Your Luggage.
Or at least be reimbursed if it’s gone for good.
Read moreFormer Model Stacey Williams Accuses Trump of Groping Her During Visit With Epstein
The swimsuit model Stacey Williams said Jeffrey Epstein brought her to Trump Tower, where the future president groped her. Mr. Trump’s campaign denied it.
Read moreThis is why David Einhorn thinks Peloton could be worth five times what it is now
David Einhorn's Greenlight Capital had a $6.8 million stake in Peloton as of June 30, and he thinks the company could be worth five times its current value.
Read moreAre Elon Musk and Vladimir Putin Talking?
The billionaire has reportedly been in regular contact with the Russian president, heaping more scrutiny on the power and influence the entrepreneur wields over the U.S. government.
Read moreRussia Raises Interest Rate to 21 Percent, Its Highest in Decades
Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.
Read moreVolkswagen's Scout Motors reveals first EVs as it shifts to include plug-in hybrids
Scout, a former American brand from 1961 to 1980, was expected to exclusively offer EVs in a bid for the German automaker to expand its presence in the U.S.
Read moreChina counts on sales season to coax cautious consumers into spending spree
Singles’ Day – China’s largest retail event – began early this year, prompting record courier activity as consumers pounce on deals.
Read moreJudge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent Capri
The FTC sued to block the merger between Tapestry and Capri, arguing it would harm consumers and employees.
Read moreYum Brands and Burger King pull onions from select restaurants after McDonald's E. coli outbreak
Yum Brands said it has been monitoring the recently reported E. coli outbreak, which has been linked to Quarter Pounder burgers served at McDonald's.
Read moreChina’s hottest ‘iron rice bowl’ job for 2025 has more than 10,000 applicants
Millions register for upcoming guokao exam that will fill 39,700 civil service positions at government agencies and public institutions.
Read moreChina, Brics bloc not ready to reject US dollar despite Russian entreaties
Though Vladimir Putin has called for the group of emerging economies to develop an alternative payment system, enthusiasm appears limited.
Read moreElection Odds Swing in Trump’s Favor on Polymarket, a Crypto Betting Site
Donald Trump, Elon Musk and CNN have cited election predictions from Polymarket, a betting site where crypto enthusiasts have wagered more than $100 million on who will win the presidency.
Read moreAs US elects its new president, China’s top legislature will meet for potential fiscal measures
China’s top legislature meeting provides a window for potential fiscal stimulus announcement; current agenda includes discussion of financial work and review of law revisions.
Read moreStar Chinese fund manager bets on Alibaba, liquor stocks for shareholder returns
Zhang Kun of E Fund Management sees high returns, dividends in technology and consumer stocks.
Read moreBeijing offers private firms more access to national projects and research
Move part of efforts to reverse prolonged downturn in business sentiment among private enterprises.
Read moreChinese investment banks turn inward as global dreams fade from view
Exercising caution, China’s investment firms are scaling back their global ambitions and expanding through mergers instead.
Read moreSouthwest and activist investor Elliott strike deal to keep CEO Bob Jordan, add six new directors
Southwest Airlines stuck a deal with activist Elliott which staves off a potential proxy fight in exchange for sizable board representation.
Read moreSpirit AeroSystems weighs hundreds more furloughs or layoffs if Boeing strike goes beyond Nov. 25
More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.
Read moreThe art market is in a correction as big spenders fade
Auction sales in the first six months at Christie's, Sotheby's, Phillips and Bonhams fell 26% from 2023 and 36% from the market peak in 2021.
Read moreJeff Vinik sells stake in NHL's Tampa Bay Lightning to investor group
Jeff Vinik sold a portion of the NHL's Tampa Bay Lightning to a group of investors led by Doug Ostrover and Marc Lipschultz, both of Blue Owl Capital.
Read moreSouthwest Airlines profit tops estimates, company expects higher revenue in fourth quarter
Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.
Read moreTKO Group to acquire IMG, Professional Bull Riders and On Location from Endeavor for $3.25 billion
TKO Group, the company that owns UFC and WWE, is expanding its reach in the sports world by acquiring three businesses from Endeavor Group for $3.25 billion.
Read moreAmerican Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss
American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.
Read moreChina’s call for global financial reform is a loud message to West, Global South: analysts
The world’s second-largest economy is looking to balance the scales of international financial governance under a system dominated by the World Bank and IMF.
Read moreCATL, China’s king of EV batteries, unveils new product for hybrid cars amid rising demand
Freevoy battery offers 400km of driving range before resorting to the fuel tank, twice the current ‘normal’ capability, CATL says.
Read moreConsumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list
Nike and Kohl's are expecting sales to fall this year, but they remain a top choice among consumers, indicating they must move quickly to not fall out of favor.
Read moreShares of Peloton surge 11% after David Einhorn says stock is significantly undervalued
Peloton has been in the middle of a turnaround and Greenlight Capital's David Einhorn thinks the stock is significantly undervalued.
Read moreC919 tour gives students a glimpse of China’s ‘road to take-off’
Students shown the final assembly of China’s C919 home-grown passenger jet as its manufacturing base in Shanghai.
Read moreTesla is the pure EV king, but Chinese drivers steer to hybrids as they worry about range
Tesla said its third-quarter net profit rose 17 per cent from a year earlier to US$2.17 billion.
Read moreChina’s stimulus salvo enters second month: our overview, and what comes next
After one month of rapid-fire economic stimulus, we look at China’s plan of action and survey what might be in the pipeline.
Read moreCoca-Cola CEO says McDonald's E. coli outbreak won't hurt beverage company's sales
Coca-Cola CEO James Quincey said an E. coli outbreak linked to McDonald's isn't likely to hurt the beverage company's sales at this stage.
Read moreCDC told McDonald's about potential E. coli outbreak late last week
Roughly a fifth of McDonald's U.S. restaurants are not selling Quarter Pounder burgers at this time.
Read moreChina’s Canton Fair, barometer of foreign trade, shows US, EU buyers may lose interest
Exporters see emerging markets becoming more important to Chinese businesses, despite smaller profit margins and increased payment risks.
Read moreGuangdong, China’s powerhouse province, loses pace with peers as property crisis bites
Though it was once a reliable performer among Chinese regions, Guangdong province has reported a steady slowdown in GDP growth for 2024.
Read moreChina and the EU have a logistics problem. Central Asia stands to benefit
Given the wars in the Middle East and Ukraine, a safer trade route might be the one through Central Asia and the Caucasus.
Read moreWill stimulus package help China’s local governments pay bills?
Government adviser describes local governments’ arrears in accounts payable to enterprises as ‘shocking’.
Read moreChina’s stock market could enjoy ‘instant’ boost from 2 trillion yuan fund: think tank
Institute of Finance and Banking under the Chinese Academy of Social Sciences says the fund would enhance the stability of the capital market and promote steady growth.
Read moreWill AI make work burnout worse?
As more AI tools are rolled out, some argue they are contributing to employee burnout.
Read moreVietnamese lobsters claw back to prominence in China after temporary dip
Following a sharp decline last year, China’s imports of lobsters from Vietnam have returned to healthy levels with the same speed.
Read moreDespite China’s stimulus, IMF lowers GDP forecast on property, consumer confidence
China’s economy is projected to grow by 4.8 per cent this year, the International Monetary Fund said in its World Economic Outlook.
Read moreChina’s financial reforms an invitation for foreign firms to boost growth: BOC chairman
China’s financial reforms will open up opportunities for foreign players in the vast and growing market, Ge Haijiao says.
Read moreXi Jinping makes economic-centric instructions to spur China’s growth
President Xi Jinping says China’s economic and technological development zones should focus on modernisation, innovation and internal dynamism.
Read moreShanghai ports to break 50 million container barrier, set global shipping record in 2024
The city is investing in infrastructure and technology to support growth, while also liberalising its finance sector to attract international shipping businesses.
Read moreNerves frayed in Canada and Mexico over US trade relations
As Americans prepare to vote in the presidential election, Canadians and Mexicans mull the likely impact.
Read moreHoliday in Greenland? New airports aim to entice tourists
The Arctic territory hopes that three new airports will pave the way for direct flights from the US and Europe.
Read more
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