China Economic ReviewChinese developer Vanke has proposed delaying repayment on a local RMB 2 billion ($283 million) bond for the first time, a surprise move that raises fresh concerns about Beijing’s willingness to support even the largest distressed developers. Delaying the repayments suggest that despite some claims of a leveling out of China’s property market, the problems […]
Volkswagen has said it can produce an electric vehicle entirely made in China for half the cost of doing so elsewhere, as the German automaker fights to reclaim its share in the world’s biggest market, reports the Financial Times. Europe’s largest carmaker said on Tuesday that, following a series of investments in the country, it […]
A multi-billion dollar pipeline of rare earth projects around the world is set to partly wean the US off Chinese rare earths, but falls far short of breaking Beijing’s grip over the sector for most other countries, reports Reuters. China would still supply roughly 60% of the world’s key magnet-making rare earths by 2030, according […]
The number of Chinese students studying in the US has fallen for the fifth consecutive year, a significant reversal for American universities that have long relied on China as their largest source of international talent and revenue. The decline comes even as the overall population of international students in the country has rebounded past pre-pandemic […]
Chinese banks are racing to expand their loan books before the year ends, slashing interest rates on property-backed business loans and loosening lending standards in ways that analysts say could amplify financial risks, reports Caixin. Just weeks ago, a Beijing resident surnamed Chen was told her application to boost a property-collateralized business loan might not […]