HONG KONG: The New Year got off to a broadly upbeat start Monday in holiday-thinned trade as most markets rose, with some cheer provided by data suggesting regional economies improved last month. However, investors remain shackled by concerns about a range of issues including the fast-spreading Omicron variant, inflation, the removal of central bank stimulus and … Read more
Eight-time Chinese Super League champions Guangzhou FC have appointed Zheng Zhi as player-coach, with the club fighting for its future because of a debt crisis at owners China Evergrande. The 41-year-old, a midfielder who played in the English Premier League for Charlton Athletic, takes charge of China’s most successful football team following the sacking two … Read more
BEIJING: As Chinese real estate behemoth Evergrande reportedly prepares for a government-backed mega-restructure, here is an explainer on what Beijing’s bid to limit a contagion could mean for the wider economy: What happened to Evergrande? The Chinese government sparked a crisis in the property industry when it launched a drive last year to curb excessive debt … Read more
BEIJING: The Chinese city of Chengdu has announced measures to make it easier for developers to sell properties, making it the first to loosen restrictions on the sector that has come under intense pressure following a debt crackdown by Beijing. The announcement comes after several real estate companies, led by industry giant China Evergrande, were plunged … Read more
