Beijing: China informed us that it had signed a security pact with the pacific nation, Solomon Islands. Australia and New Zealand and the United States had expressed strong concerns over the possible cooperation between China and the Solomon Islands. A few days ago, a senior Australian Minister visited the Solomon Islands and appealed to refuse […]
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Washington: – The US Congress passed a new bill on challenging the increasing Chinese domination in international trade. The bill named ‘America Competes Act of 2022’ has provisions for reducing imports from China and incentivising US companies to start their factories. Financial assistance also has been announced in the bill for the semiconductor sector and […]
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Beijing: – China has announced a cut ranging between 20% and 25% in the salaries of the government employees. Whereas, new year bonuses announced for the employees and officers from the education department have been withdrawn. Reports of China recovering major debts from the entrepreneurs, investors, and local artists were also received earlier. Citing these […]
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Beijing: – After Evergrande, China’s leading real estate company, indications are that other big companies also may default in debt repayments. They include Fantasia, Scenic Holdings along Modern Land. It is learned that the company defaulted on payment to the tune of $250 million. Analysts predict that the energy sector crisis and the Coronavirus pandemic’s […]
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Washington: – An international financial institution, S&P Global Ratings, has forecast the global debt to reach 260% of the GDP and warned of an increase in defaulter companies on defaulters. S&P Global Ratings noted that the policies announced by various countries during the Coronavirus pandemic are the main reason for the rising debt burden. Although […]
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Beijing: – Analysts claim that a series of shocks to China’s economy will hit the post-Corona recovery of the global economy once again. The Chinese government released the economic data for July. It shows a slowdown in industrial production, retail sales, e-commerce and investment sectors. Asian stock markets have plummeted in the wake of Chinese […]
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Montenegro/Beijing: – China has tightened its debt noose around the neck of Montenegro, a tiny country in the Balkan part of Europe, with a population of a mere six hundred thousand. This month, Montenegro is required to pay the first instalment of the loan, of USD 1 billion, taken from China for the construction of […]
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Beijing: – China, which was boasting as the only economy to progress even during the Coronavirus pandemic, has started receiving fresh jolts. For the last few months, the number of defaulter companies is on the rise, and as per indications, some of these companies could declare bankruptcy. At the same time, the profitability of the […]
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Washington/Beijing: – Since the last few months, China is claiming that its economy is coming back on track. A new report says that the real picture is different. The thinktank China Beige Book claimed that the Chinese economy could not return to normal before the end of first quarter of 2021. The report says that […]
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Beijing: – The Chinese banking sector is rocked because of the activities of the companies of Chinese billionaire Jack Ma. It has been exposed that more than USD 230 billion have been distributed in loans through the ANT Group, one of the leading e-commerce and financial technology companies. Distribution of loans is primarily a banking […]
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