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China’s economic woes run deeper than Evergrande

KAOHSIUNG (Taiwan News) – A few weeks back, the international media was awash with stories about Evergrande Group, China’s second-largest property developer. Having borrowed big to scal...

China orders Inner Mongolian coal miners to ramp up production

TAIPEI (Taiwan News) — China has instructed more than 70 mines in Inner Mongolia to speed up production as the country strives to contain a severe power shortage. On Thursday (Oct. 7), offici...

China crackdown: How much pain can the economy take?

The future of China's economic miracle has been preying on investors' minds this year in the wake of a far-reaching crackdown by Beijing on many of its key industries. Billions of dollars hav...

Trading of China's Evergrande shares in Hong Kong suspended

HONG KONG (AP) — Shares in troubled real estate developer China Evergrande Group and its property management unit Evergrande Property Services were suspended from trading in Hong Kong on Monday as inv...

Video shows woman brandish knife at Evergrande executive

TAIPEI (Taiwan News) — As Chinese real estate behemoth Evergrande deals with a crisis of epic proportions, a compilation video surfaced late last week showing investors becoming desperate, with ...

CPTPP countries should look at history to assess China’s bid

TAIPEI (Taiwan News) — An Australian policy analyst has called for CPTPP countries to take into account China’s disregard for its previously made commitments when assessing its bid to join...

China quietly hits power supply shock as Evergrande crisis holds limelight

TAIPEI (Taiwan News) — Widespread cuts to traffic lights in cities across northern China have caused havoc recently during rush hour as power supply shocks spread from factory floors to the coun...

Business Highlights: Bitcoin tumbles, budget talks stall

___ Powell meets a changed economy: Fewer workers, higher prices WASHINGTON (AP) — Restaurant and hotel owners struggling to fill jobs. Supply-chain disruptions for...

Chinese banks try to calm fears about developer's debts

BEIJING (AP) — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt and say they can cope with...

Member states must ‘determine the sincerity’ of China's request to join CPTPP: Nikkei

TAIPEI (Taiwan News) — Leading Japanese media outlet Nikkei has said the 11 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) must “full...

Chinese builder in debt jam says it will make bond payment

BEIJING (AP) — A Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt has rattled global markets says it will pay interest due Thursday to bondholders in Chi...

Beijing’s silence on impending Evergrande collapse has analysts split over next move

TAIPEI (Taiwan News) — Persistent default fears eclipsed efforts by the chairman of China Evergrande Group to boost confidence in the embattled firm, with its shares falling by as much as 7% bef...

Taiwan’s Finance Ministry warns of crash as stock market reopens amid Evergrande crisis

TAIPEI (Taiwan News) — The Ministry of Finance says it is closely monitoring the market for signs of severe volatility in share prices as the country’s stock market opens on Tuesday (Sept....

EXPLAINER: Chinese builder’s debt struggle rattles investors

BEIJING (AP) — Global investors are watching nervously as one of China’s biggest real estate developers struggles to avoid defaulting on tens of billions of dollars of debt, fueling fears of possible ...

Stocks are heading for their biggest slump in almost a year

Stocks slumped on Wall Street Monday, mirroring losses overseas and putting the S&P 500 index on track for its biggest drop in almost a year. Worries about debt-engorged Chinese...