Here, a new public washroom transports weary shoppers into a palatial sanctuary packed with plant life, featuring seven dedicated rest and restoration areas designed by Shanghai-based X+Living. “We ... ( read original story ...)
Cifi defaults on bond, triggering sell-off of developers, fears Chinese property debt crisis is spreading
Cifi Holdings’ first offshore bond default sparks fears that the debt crisis gripping China’s property sector is spreading to developers previously deemed financially sound. ( read original story ...)
Covid cases spike in China’s Shanghai, city quiety locks down districts: Report
The financial hub reported 47 new infections for Wednesday, the most since July 13 when a brief rise in cases revived fears of another general lockdown. ( read original story ...)
China’s CIFI misses offshore interest payments due to remittance delay
Shanghai-based property developer CIFI Holdings said in a Thursday filing it did not meet certain offshore scheduled interest and amortisation payments due to delay in remittance during an extended ... ( read original story ...)
Hong Kong hopes China Congress could revive economy, reverse IPO slump
Hong Kong dealmakers expect China's 20th Party Congress next week to herald a shift in focus in Beijing back towards business and economic issues that could help revive the city's IPO issuance from ... ( read original story ...)
Shanghai Composite Index Fell 0.3% on Thursday
China’s benchmark Shanghai Composite Index lost 0.3% on Thursday, while the Shenzhen Component Index fell 0.19%. Shanghai’s tech-heavy STAR 50 Index gained 0.17% for the day, ... ( read original story ...)
Live news updates: Lockdown fears in Shanghai as new Covid restrictions imposed
Russia is being increasingly cut off as an export market following its invasion of Ukraine and the sanctions imposed by Western allies. In value terms, German exports to Russia fell 46 per cent to €1. ( read original story ...)