Tag: China economic downturn

Beijing Convenes Emergency Economic Meetings, as Analyst Predicts China’s Economy Faces Dead End

June 22, 2023
China Business & EconomyChina economic downturnChina Newsstimulus measures
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The latest official economic data released by the Chinese authorities shows that China’s economy has experienced an overall decline. Insiders reveal that senior Chinese officials have recently held at least six emergency economic meetings with business leaders and economists, and the tone of participants was unusually urgent. One political and economic analyst says that China’s…

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Demand Plunges in China, Contradicting CCP’s Official Narrative About Economy

March 16, 2023
Asia & PacificBusiness & MarketsChinaChina Business & EconomyChina economic downturnchina imports plungeeconomyMarketsWorld
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China’s imports are declining alongside domestic demand and a poor economy, which has dragged. Auto sales in China have started a price war but several Chinese state media outlets have recently continued to claimed that China will bring development opportunities to the entire world. On March 9, Chinese state media cited Eduardo Regalado, a China…

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Chinese Shareholders Rush to ‘Cash Out’ as CCP Tries to Prevent Capital Flight

December 25, 2022
Asia & Pacificcapital flightChinaChina Business & EconomyChina economic downturnchina economic risksWorld
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News Analysis Guangdong DP Co., Jinke Property Group, and Country Garden Service Holdings all announced massive stock sell-offs in November and December. The Chinese companies are just the latest to announce major sell-offs. Experts speculate that the stock sales are part of an increasing trend by China’s super wealthy to cash out and leave the…

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International Investment Institutions Touting China’s Stock Market While Looking for More Takers

December 12, 2022
ChinaChina Business & EconomyChina economic downturnchina stock marketUSUS News
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International investment institutions are saying that the current valuation of China’s stock market is attractive just when the Chinese Communist Party (CCP) announced that it is establishing a stock valuation system with “Chinese characteristics.” Many believe that international financial institutions are expressing optimism about the Chinese stock market in order to attract buyers to enter…

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Numerous Chinese Property Tycoons Fell from Hurun 100 Richest List

November 14, 2022
ChinaChina Business & EconomyChina economic downturnChina Evergrande GroupChina real estate market
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Amid China’s sinking real estate market, a number of industry tycoons were dropped from this year’s Hurun 100 Richest People List, released on Nov. 8. Among them, the wealth of Evergrande’s Xu Jiayin shrank sharply to 30 billion yuan (about $4.22 billion), putting him in 172nd place on the list. The wealth of Yang Huiyan…

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World’s Second-Largest Aluminum Manufacturer in China Bankrupt After 30 Years in Business

November 11, 2022
Aluminum Corporation of Chinaaluminum ingotsChinaChina Business & EconomyChina economic downturnChinese Regime
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China Zhongwang Holdings Limited (China Zhongwang), the second largest aluminum manufacturer in the world, has declared bankruptcy. In less than 30 years, this $100 billion enterprise, that was raised from scratch, has fallen. On Sept. 20, China Zhongwang, a listed company, started bankruptcy reorganization proceedings. The company announced that day, on the Hong Kong Stock…

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China Cuts Key Interest Rates as Economic Growth Wanes

January 17, 2022
Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChina economic downturneconomyinterest ratesRepothe people's bank of china
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China has unexpectedly cut rates on policy loans for the first time since April 2020 in the face of lowered economic performance owing to critical power shortages, defaults in the property market, a crackdown on major companies, and repeated COVID-19 outbreaks. The interest rate on 700 billion yuan ($110.2 billion), one-year, medium-term, lending facility (MLF)…

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