China

China
China Builders
Global Economy

China Tech Rout Deepens to $1.5 Trillion as Didi Emboldens Bears

(Bloomberg) — Chinese tech shares were headed for record lows in Hong Kong, as Didi Global Inc.’s announcement to start U.S. delisting and rising scrutiny on mainland firms traded there dealt a further blow to already soured sentiment. The Hang Seng Tech Index, which tracks mostly big Chinese technology giants traded in Hong Kong, dropped […]

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China
Jamie Dimon

What Jamie Dimon’s remarks on China could cost JPMorgan

JPMorgan Chase CEO Jamie Dimon made an offhand remark about China yesterday (Nov. 23) he soon came to regret. “We hope to be there for a long time,” he said of the country during a panel event at the Boston College Chief Executives Club. “The Communist Party is celebrating its 100th year. So is JPMorgan. […]

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China
China Builders
China Property Bubble

$8 Billion Takeover Offer Could Avert One of China's Biggest Potential Corporate Failures

(Bloomberg) — A consortium led by Alibaba Group Holding Ltd., has emerged as the frontrunner to take over Tsinghua Unigroup Co., a deal that could fetch more than 50 billion yuan ($7.8 billion) to help keep China’s indebted chip champion afloat. The Chinese central government is leaning towards the Alibaba-led offer given the e-commerce giant’s […]

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China
Stagflation
US Economy

China’s Stagflation Risk Builds as Growth Slows: Eco Week Ahead

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s inflation risks are building while new Covid-19 outbreaks are dimming the outlook for economic growth, throwing the spotlight back on policy makers as the Communist Party’s top leaders gather for a crucial political meeting this week. […]

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China
China Builders

3 Chinese Stocks to Buy on the Dip After Evergrande Default

Home to the biggest population in the world and the second-largest economy, China is a business powerhouse. Its booming urban middle class has spurred amazing entrepreneurial activity that often produces lucrative investment opportunities. If you’re looking for a way to invest in Chinese stocks, there is no shortage of options. Stocks from all over the […]

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China
China Oil

China’s Oil Stockpile ‘Low as It Can Go’ Ahead of OPEC+ Meet

(Bloomberg) — China may be forced to start buying crude at elevated prices to replenish its thinning crude stockpiles, adding more pressure to a nation that’s facing energy shortages and seeking to avert a diesel crisis. Commercial and strategic oil inventories have shrunk to the lowest level since November 2018 in terms of filled capacity, […]

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China
China Builders

Stressed China Builders Face $2 Billion Bond Bill This Month

(Bloomberg) — Who will survive in China’s property sector is becoming a key question for investors as the country’s credit market undergoes its biggest shakeout in years. A surge in Chinese junk dollar bond yields in October, briefly reaching 20%, has made it all but impossible for stressed developers to refinance their maturing debt. Such […]

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Bitcoin
China

China Has Good Reason to Fear Bitcoin

Illustration by Matt Chase China’s sweeping crackdown has roiled the cryptocurrency world. China had become a key player in this new financial ecosystem, and Beijing’s actions could be the leading edge of a broader regulatory crackdown on cryptocurrencies and crypto assets by regulators around the world. This would be unfortunate. Cryptocurrencies have many flaws, but […]

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China
Economic Collapse

China’s financial system near ‘peak stress,’ but spillovers yet to come: analysts

China’s financial markets are nearing “peak stress” levels, with worries mounting over its highly leveraged property sector as the saga around troubled developer China Evergrande Group plays out. And investors shouldn’t expect a sustained bounce in the country’s equity market until the credit cycle turns for the better, said analysts at Danske Bank. But assets […]

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China
Coal
Uncategorized

China Coal Futures Surge to Record as Flood Swamps Mine Hub

(Bloomberg) — Heavy rains and flooding expanded mine shutdowns in China’s biggest coal-producing region, sending prices to a record and hindering efforts by Beijing to boost energy supplies for winter. Floods have closed 60 of the 682 coal mines in Shanxi province, a region that has produced 30% of China’s supply of the fuel this […]

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China

The future of China's work culture

In a late-August ruling, China’s supreme court declared one of the country’s most infamous work practices illegal. Known as “996,” the term is shorthand for a work schedule spanning from 9 a.m. to 9 p.m., six days per week. Though popularized by the country’s soaring tech firms, often evoking images of hip urban startup employees […]

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