Beijing: China’s top real estate company ‘Country Garden’ has not paid interest dues on US dollar bonds. This information emerged as the company announced a seven billion-dollar loss in the first six months of 2023. The company has a total debt burden of $200 billion. Besides, it has surfaced that the company does not have […]
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Washington/Beijing: China, the second largest economy in the world, continues to suffer shocks. Last month, it was revealed that China’s economic growth rate had dropped to 0.4 per cent. After that, international investors are also turning their backs on China. According to a US-based Institute of International Finance (IIF) report, foreign investors withdrew large amounts […]
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Beijing: China, the world’s second-largest economy, is still in recession. Last month, it was revealed that China’s economic growth rate had dropped to 0.4%. After that, there are indications that the crisis in China’s ‘Real Estate’ sector is taking a more serious form. International financial institutions have predicted a 30% drop in China’s housing and […]
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Beijing – Fresh Coronavirus outbreaks and decline in the investment, retail, hoteling and real estate sectors have once again slowed down China’s economy. In the July-September quarter, China’s economic growth slowed by 0.8 per cent. New figures show that the Chinese economy continued to suffer for two consecutive months in October and November. Analysts are […]
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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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Canberra/Beijing: – While the tension between China and Australia is festering, one more development adding to the tension has been reported. A private company from China has imposed sanctions on the residents of the island and has started interfering even with day-to-day life, including travel. There has been a severe reaction from the residents against […]
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Mumbai: The IT industry in India which has seen an upsurge in the last few years, is however currently being faced with challenging financial headwinds. Under such circumstances, these challenges are leading the ‘IT’ sector companies to lay off their employees. While such fears are being voiced a new concern of its consequences affecting the […]
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Oslo: Norway, the owner of the world’s largest ‘sovereign fund’ (investment fund) and Europe’s top economy, has been harmed by zero per cent growth. In the second quarter of 2023, Norway’s economy registered zero per cent growth due to the decline. Norway’s economy recorded a growth rate of 0.2 per cent in the year’s first […]
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Washington/Beijing – The top US newspaper has claimed that the model of economic progress that took China to become the second-largest economy in the world is over. The data revealed in the last few months confirm that the Chinese economy, which has maintained the pace of economic growth for nearly four decades, encompasses various crises. […]
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Las Vegas: ‘The US economy is in very good shape. However, China’s financial recession may threaten the US economy. The downturn in China’s economy will majorly impact neighbouring Asian countries. Besides, the US can’t avoid this crisis either,’ US Treasury Secretary Janet Yellen warned. Just a few days ago, US President Joe Biden claimed that […]
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