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 […]
Washington/Beijing – Former US intelligence chief John Ratcliffe has warned that the purchase of Chinese drones by the Biden administration poses a serious threat to US national security. The decision shows that President Biden and his administration are taking a lenient stance regarding China, Ratcliffe said. It has been exposed that the Secret Service, a […]
London/Beijing: – The British government has launched a move to seize China’s stake in the Sizewell C nuclear plant in the east of the country. A proposal is being prepared for this, which includes the provisions to sell the stake to other investors or to list it on the stock market. Preparations are underway to […]
Beijing/ Washington: The top executive of Huawei, Meng Wanzhou, has been released after signing the Deferred Prosecution Agreement with the US Justice Department. Before Meng got released, China released Canadian citizens Michael Kovrig and Michael Spavor. Thus, this has clarified that China had detained these two Canadian citizens in response to Meng’s detention. However, the Chinese media […]
Beijing: Evergrande, China’s leading construction company, has reportedly failed to repay more than 300 billion in debt. It has been revealed that two leading multinational banks have since refused to accept the bonds issued by Fantasia company as collateral. Subsequent developments have brought the issue of bad debts in the Chinese construction sector on the […]
Washington: – Between 1964 and 1996, radiation from China’s nuclear tests in Xinjiang killed 194 thousand people. Not only that, about 1.2 million people have been diagnosed with cancer, and women have been diagnosed with deadly diseases of the uterus. A month ago, it was feared that radiation was coming from China’s Taishan nuclear plant. […]
London/Beijing: – The United Kingdom, which has been pushing China on issues such as the South China Sea, Hongkong, Uyghurs and Huawei, has signalled another jolt to the Chinese communist regime. Movements have begun in British political circles to rule out a possible Chinese investment in the United Kingdom’s nuclear program. Senior British MPs have […]
Paris/Beijing – The problem at the Taishan nuclear plant in China’s southern Guangdong province was very serious. The French company EDF warned that it would have decided to close the project if it was possible. Last month, fears were expressed that radiation was being emitted from the Taishan nuclear plant. But the Chinese authorities had […]
Beijing/Washington: – The ruling Chinese regime has launched a vigorous move to prevent Chinese companies from listing on the US stock markets for raising capital. A few days ago, a Chinese company, Didi Inc., was listed on the New York Stock Exchange and submitted an IPO. Within days of the IPO, Chinese authorities took action […]
Beijing – China has warned that there will be a strong retaliation against the sanctions imposed by the United States against the Chinese companies over the Uyghurs issue. Last week, the United States blacklisted 14 Chinese companies for their involvement in atrocities against the Uyghurs. This is the second instance of the Biden administration taking […]
