Tag: People’s Bank of China
China’s real estate industry is not coming out of the crisis
Residential houses of Evergrande The crisis affecting many real estate groups is already having far-reaching effects on China’s economy. (Photo: Bloomberg) Beijing Yu Liang chose dramatic words to describe the…
Central bank cuts interest rates to stimulate economy
People’s Bank of China in Beijing Experts assume that China will not be able to maintain GDP growth in the long term. (Photo: AP) Beijing China has again cut a…
The Tokyo Stock Exchange starts positive
People’s Bank of China in Beijing Experts assume that China will not be able to maintain GDP growth in the long term. (Photo: AP) Tokyo, Shanghai China has lowered lending…
The Tokyo Stock Exchange starts positive
People’s Bank of China in Beijing Experts assume that China will not be able to maintain GDP growth in the long term. (Photo: AP) Tokyo, Shanghai China has lowered interest…
China’s economy grows much more slowly in the fourth quarter – consumption collapses
Qingdao container terminal China’s economy has grown strongly over the year. (Photo: dpa) Beijing China’s economy grew more slowly in the fourth quarter of 2021. The second largest economy in…
The five biggest risks for the Chinese economy in 2022
Port in Qingdao Overall, economists expect growth of between five and 5.5 percent for 2022. (Photo: AP) Beijing The Chinese calendar is the year of the tiger. That sounds promising…
China Evergrande shares show their biggest daily gain since September
Evergande in Wuhan A pedestrian walks past the construction site of a China Evergrande Group development in Wuhan, China, on Wednesday, Dec. 22, 2021. Defaulter China Evergrande Group is prioritizing…
Wall Street is on the up again
Trader on the New York Stock Exchange View of the trading floor of the New York Stock Exchange. (Photo: dpa) new York Wall Street extended its recent gains on a…
Evergrande is apparently unable to service interest payments due for the first time
Beijing The situation at the heavily indebted Chinese housing company Evergrande is worsening. For the first time, according to insiders, the second largest real estate developer in China has broken…
Evergrande is apparently unable to service interest payments due for the first time
Beijing The situation at the heavily indebted Chinese housing company Evergrande is worsening. For the first time, according to insiders, the second largest real estate developer in China has broken…
Evergrande is apparently unable to service interest payments due for the first time
Beijing The heavily indebted Chinese real estate company Evergrande apparently failed to service interest payments due on November 6, even after the 30-day grace period had expired. As reported by…
China’s real estate giant Evergrande warns of default
Beijing The government of Guangdong Province, where the company is headquartered, is now intervening in the crisis surrounding the heavily indebted Chinese construction developer Evergrande. As she announced on Friday…
China’s real estate giant Evergrande warns of default
Evergrande The real estate company is apparently facing new payment difficulties. (Photo: Reuters) Beijing In the crisis surrounding the heavily indebted Chinese construction developer Evergrande, the government of the Guangdong…
Bitcoin regulation – first China, now the USA?
Bitcoin rose to the $ 62,000 mark on Monday. The all-time high of $ 64,800 is within reach. The reason for the rally is the approval of exchange-traded index funds…
Global Risk China: “Financial debauchery will be punished” – The consequences of China’s new debt policy
China’s growth success is built on debt. That should change. But flipping the switches is a powerful intervention in the functioning of the world’s second largest economy. .source site
How China is now turning its real estate market upside down
Construction site of an Evergrande project in Beijing Evergrande is just the tip of the iceberg, with other real estate developers under pressure as well. (Photo: AP) Qingdao No matter…
Evergrande sells $ 1.5 billion stake in Shengjing Bank to state-owned company
Evergrande in Hong Kong The real estate company leaves no stone unturned to make money. (Photo: Reuters) Hong Kong In search of cash, the insolvent real estate company China Evergrande…
Evergrande News: Chinese central bank signals aid
Evergrande headquarters in Shenzhen Angry investors stormed the company’s headquarters a few weeks ago and asked for their money back. (Photo: Reuters) Shanghai The Chinese central bank has signaled aid…
China declares crypto trading illegal
Cryptocurrencies The Bitcoin price fell to just under $ 43,000. Ether hit harder. (Photo: Reuters) Beijing, Frankfurt Many digital currencies like Bitcoin came under significant pressure on Friday. The trigger…
Real estate companies in China are falling into the downward pull
China Evergrande Center in Hong Kong The group is developing 1,300 real estate projects across the country. (Photo: Bloomberg) Qingdao, Düsseldorf The crisis surrounding the over-indebted Chinese real estate developer…