Activity and spending data for July was released by China’s National Bureau of Statistics on Tuesday, showing growth in almost all sectors coming short of market expectations. Domestic demand came in particularly weak for the month. Fixed-asset investment grew just 3.0% year-on-year, dropping from June’s 5.7%, marking the slowest recorded monthly growth. Retail sales also […]
Category: Brief
There has been a sharp rise in the number of land plots in Chinese cities going unsold during the first seven months of 2018, which suggests that Beijing’s deleveraging drive may be starting to cool the country’s red-hot property market, according to Bloomberg. A total of 419 plots of land went unsold during land auctions in […]
A government-linked holding company in the northwestern Chinese province of Xinjiang has become the first such organization to fail to repay a public debt after announcing it would default on a RMB 500 million ($73 million) bond on Tuesday. The default by Sixth Agricultural State-Owned Assets Management Co. could mark the onset of further bad loans […]
Foreign institutional investors boosted their yuan-denominated, domestically traded bond holdings by 40% during the first seven months of this year, according to data from the state-run China Central Depository & Clearing Co, despite a shaky currency and sliding stock market. The total value of bonds held by overseas institutions now stands at Rmb 1.61 trillion […]
US grocery chain Kroger Co. has teamed up with Alibaba Group to sell its products on one of the Chinese e-commerce giant’s online platforms, the Wall Street Journal reports, giving Kroger its first taste of foreign markets. The supermarket will sell products from its Simple Truth line on Alibaba-owned Tmall Global, Kroger said on Tuesday. […]