China’s Economic Disaster: Property Giant Evergrande Files For Bankruptcy in U.S.

Titanic Chinese property developer Evergrande filed for bankruptcy protection in the United States on Thursday, the culmination of two years of distress as China’s troubled property market slides further into crisis. Evergrande was once China’s largest property developer and its … Read More

A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world’s second-largest economy

Chinese trust company Zhongrong International has missed repayments on dozens of investment products since late July — pointing to deepening troubles in the world’s second-largest economy amid a real-estate crisis. Wang Qiang, the company’s chief compliance officer, told investors earlier … Read More

Henry Kissinger meets China’s defence minister in surprise visit to Beijing

Ex-US secretary of state’s meeting with Li Shangfu comes amid hopes of improved ties between two countries The veteran US diplomat Henry Kissinger has met China’s defence minister in Beijing. According to a readout on Tuesday from the Chinese defence … Read More

1 2 3 4 5