Category: China economy

Beijing’s Antitrust Probes an Effort to Rein in Private Sector, Analysts Say

December 28, 2020
AlibabaAnt GroupantitrustChinaChina Business & EconomyChina economyChinese RegimeJack Ma
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Chinese financial regulators are stepping up their scrutiny of technology companies, ordering an antitrust investigation of Alibaba and requesting Ant Group to rectify its businesses and comply with regulatory requirements. The regime also issued new “antitrust reports” on Dec. 25, detailing the number of investigations that were begun by authorities in 2019, including on foreign…

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Chinese Firms Owe Roughly $24 Billion in Overdue Credit Bonds

December 24, 2020
bondsbreachChinaChina Business & EconomyChina economystate-run companies
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The latest indicator of China’s economic woes is the number of credit bonds nationwide that could not be repaid on time—164 of them, involving a sum of 160 billion yuan (about $24.43 billion). Borrowers include state-run enterprises who were previously rated AAA by Chinese bond rating agencies. The Chinese market has three types of bonds:…

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China Faces Power Shortage Amid Cold Winter, as Regime Bans Australian Coal Imports

December 21, 2020
AustraliaChinaChina Business & EconomyChina economyChinese RegimeelectricityWorld
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China is experiencing power shortages in large swathes of southern China, resulting in people’s homes and workplaces not getting enough heat. The country’s National Development and Reform Commission (NDRC) confirmed the lack of electricity on Dec. 18 early morning. As people complained about the lack of heat amid cold weather, the NDRC announced that it…

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