The push to have banks backstop struggling property firms and local government financing vehicles has added to their woes. Read more at straitstimes.com. ( read original story ...)
Chinese provinces warn of thick fog, dozens of Shanghai flights delayed
Extremely heavy fog in several Chinese provinces on Thursday led to dangerously low visibility, closing highways, delaying flights out of Shanghai and prompting weather forecasters to release a string ... ( read original story ...)
China warns of thick fog, Shanghai flights delayed
BEIJING - Extremely heavy fog in several Chinese provinces on Thursday led to dangerously low visibility, closing highways, delaying flights out of Shanghai and prompting weather forecasters to ... ( read original story ...)
Tesla’s Shanghai plant delivers 947,000 vehicles in 2023
Tesla's Shanghai plant, the U.S. carmaker's first gigafactory outside the United States, delivered 947,000 vehicles in 2023, the company said on Wednesday in its production and deliveries report for ... ( read original story ...)
China’s IPO Market May Shrink Further This Year, PwC Says
Some 200 to 240 firms are likely list on China’s A-share market in 2024, down 36 percent to 23 percent from last year, a report published by PwC showed yesterday. They are expected to raise between ... ( read original story ...)
China’s largest bubble tea makers Mixue and Guming apply for Hong Kong IPO
China's leading bubble tea makers including Mixue Bingcheng and Guming are rushing to apply for first-time share sales in Hong Kong as companies in the fast-growing sector expand aggressively amid ... ( read original story ...)
Cash-starved Chinese property group Dalian Wanda sells Shanghai luxury hotel to Indonesian billionaire
The cash-strapped Dalian Wanda Group sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto, at a reported price of between 1.44 billion and 1.66 billion yuan ... ( read original story ...)