Chinese steelmakers have reported significant losses from weak demand and low prices. Data released on June 28 showed that only 15 percent of Chinese steel mills remain profitable, a 27 percent drop from the first quarter and a 59 percent plunge compared to the same period last year. According to China’s National Bureau of Statistics,…

News analysis Amid soaring inflation, mainland China and Hong Kong central banks chose to respond in opposing ways to the U.S. Federal Reserve’s aggressive interest rate hikes, with China loosening its monetary policy, and Hong Kong raising interest rates. On June 15, the Fed raised the primary credit rate by 75 basis points, the largest increase…

Regulators found China’s fast-cooling property sector is in a dilemma and looking for a way out, said China observers, as cash-strapped builders default on their debt and sales plunge. As the peak season for home sales faded, sales fell in both new and resale homes overturning everything that Chinese people know as “Golden September and…