China’s birth rate has dropped to its lowest since records began. This comes despite Beijing’s best attempts at encouraging the population to have children—including discouraging the use of condoms by taxing. Meanwhile, there continues to be more doom and gloom with China’s property sector—second-hand house prices are continuing to drop, and real estate agents are […]
Category: Uncategorized
China announced it’s offering RMB 500 billion ($70 billion) worth of capital to spur investment, in a long-anticipated move to boost growth after provinces likely diverted funds from projects as they borrowed more to restructure hidden debt, reports Bloomberg. The government is allocating the money as equity capital under the so-called “new financing policy tool,” […]
Shipping companies with a widespread form of Chinese financing are rushing to find different funding sources to avoid potential multimillion-dollar fees for US port visits when new Trump administration rules come into force in October, reports the Financial Times. Operators are seeking alternatives to the “sale and leaseback” deals that make up a high proportion […]
Categories
BYD Q2 profits fall 30%
China’s electric-vehicle (EV) king BYD reported a 30% drop in profits in the second quarter as surging overseas sales failed to offset the negative impact of a brutal price war in the domestic market, reports the South China Morning Post. The Shenzhen-based company earned RMB 6.4 billion ($894.6 million) in the three months to June, down […]
Saudi Arabia’s largest power producer, ACWA Power, is intensifying its expansion into China’s renewable energy sector, with plans to boost capacity to more than 30 gigawatts and grow assets worth to more than $50 billion by 2030, according to its China head, reports Caixin. “China is critical for us,” said Saleh Al Khabti, ACWA Power’s […]