China’s campaign to lower debt continued to see success in the third quarter but momentum is slowing due to a stalling of economic growth, reports the South China Morning Post. Defusing China’s financial risk is an economic priority for the country’s leadership and the nation’s leverage ratio—which measures the percentage of debt to gross domestic […]
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China, the world’s biggest source of greenhouse gasses, announced on Wednesday a target of a 1.8% cut in average coal use for electricity generation over the coming five years, in a bid to reach the country’s target of peaking carbon emissions by 2030, reports Nikkei. The target, announced by the National Development and Reform Commission […]
Chinese tech giant Tencent revealed three new computer chips of its own design, becoming part of a group of Chinese companies developing in-house technology in the midst of a global semiconductor shortage, reports Caixin. The Shenzhen-based company’s three new chips are the artificial intelligence chip Zixiao, which is focused on processing images, video and natural […]
Heavily-indebted property developer China Evergrande Group is seeking to reassure investors as it teeters on the brink of collapse, saying it has been continuously delivering property and repaying contractors as mandated by the central government, reports the South China Morning Post. However, the number of homes delivered each month has been declining sharply. It handed […]
China’s Longi Green Energy Technology, the world’s biggest solar-panel manufacturer, is the latest in the solar industry to have deliveries detained by customs in the US as part of a crackdown over labor issues in the production of the panels, reports Bloomberg. Longi had 40.31 megawatts of modules detained between October 28 through November 3, […]