China’s exports declined in May, as demand dried up in major overseas markets hit by the coronavirus pandemic, with experts predicting that shipments would continue to decline in coming months until the virus is brought under control and the global economy gets back on its feet, reported the South China Morning Post. Overseas shipments fell […]
Category: Brief
China’s aviation authority said on Thursday that 95 foreign airlines that have suspended services to China can now apply to resume flights, according to the agency’s official newspaper, reported Reuters. It estimated the number of weekly international flights would increase by 50 from June 8, from 150 flights currently. The average of passengers arriving per […]
China is moving ahead with its mega plan to consolidate state-owned pipeline and related assets by requiring the country’s three largest oil companies to hand off management of nearly half of their liquefied natural gas (LNG) terminals to a new state-owned giant, reported Caixin. The 10 terminals are among the first batch of assets set […]
Shenzhen has drafted China’s first personal bankruptcy laws as the southern city tackles broader economic troubles stemming from the coronavirus outbreak, paving the way for others to follow suit, reported Reuters. The rules are intended to give “honest and unfortunate” debtors the chance to escape the mire of debt and make a comeback, the city […]
President Donald Trump has set a 60-day deadline for US financial regulators to recommend ways to crack down on Chinese companies listed in America that fail to abide by proper accounting standards, reported the Financial Times. Trump said in a memorandum that he was instructing the presidential working group on financial markets — which includes […]