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Evergrande's billionaire founder is under police control, report says, as Beijing's crackdown on the property giant intensifies

Wed, 09/27/2023 - 11:28

Tech Insider

Evergrande — Evergrande's billionaire founder has been placed under police surveillance, Bloomberg reported.
Noel Celis/AFP/Getty Images

Markets, mi-exclusive, Markets, Stocks, Evergrande, China, china-property-market

China's property crisis could take up to a decade to fix, warns an economist who was censored for his bearish views on the economy

Wed, 09/27/2023 - 00:40

Tech Insider : Economy, Economy

Aerial photo taken on September 15, 2023 shows a commercial residential property under construction in Qingzhou City in August. — There's a major oversupply problem in China's property market.
NurPhotoCostfoto/NurPhoto via Getty Images

Real Estate, economy, News, China, Property, real-estate, Debt

Tourists are still not returning to China and that's not good for anybody

Tue, 09/26/2023 - 10:45

Tech Insider : Economy, Travel, Economy

Great Wall of China. — Fewer people are visiting the Great Wall of China.
Suphanat Wongsanuphat/Getty Images

economy, Travel, Transportation, China, tourism, Pandemic, Transportation

How China can dominate the American EV market without selling a single car

Tue, 09/26/2023 - 08:31

Tech Insider

BYD EV car store in Shanghai, China, in 2021. — The success of Chinese EV-makers in 2022 has the industry wondering if its next move will really be the US.
Robert Way/iStock Editorial/Getty Images Plus

Transportation, Transportation, electric-vehicles, China, battery-supply-chain, chinese-automakers, auto-industry

Apple's revenue from products made in China could plummet to less than a third in the next five years, a top investor says

Tue, 09/26/2023 - 07:21

Tech Insider

The iPhone 15 was released in September 2023 — Apple has had a longstanding dependence on China for manufacturing its products.
Mario Tama/Getty Images

Tech Insider, trending-uk, apple, iPhone, China, India

Australia's new submarines are still 2 decades away from delivery, but the Aussies are already looking out for spies

Tue, 09/26/2023 - 06:57

Tech Insider

Australia navy submarine — Australian navy submarine HMAS Waller in Pearl Harbor in June 2008.
US Navy/MCS1 Michael R. McCormick

Military & Defense, aukus, Australia, five-eyes, Espionage, counterintelligence, China

Evergrande stocks have tanked 27% this week, suggesting the worst is far from over for China's property sector

Tue, 09/26/2023 - 01:19

Tech Insider

Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. — China's property market is mired in a crisis.
Costfoto/NurPhoto/Getty Images

Markets, News, Markets, mi-exclusive, China, Property, real-estate

Trade ties between China and the EU are 'at a crossroads' over Russia's war in Ukraine, senior official warns

Mon, 09/25/2023 - 11:17

Tech Insider : Economy

FILE PHOTO: European Commission Vice President Valdis Dombrovskis takes part in a news conference on the capital markets at the EU Commission headquarters in Brussels, Belgium, March 8, 2018. REUTERS/Yves Herman — FILE PHOTO: European Commission Vice President Valdis Dombrovskis takes part in a news conference on the capital markets in Brussels
Thomson Reuters

economy, Markets, mi-exclusive, Markets, european-union, China, Beijing

The US economy could end up like China's as massive debt weighs on growth, market expert says

Mon, 09/25/2023 - 10:51

Tech Insider : Economy

counting money — Chung Sung-Jun/Getty Images

economy, Markets, us-economy-outlook, Stimulus, china-economy, us-debt, China

China's property stocks fall by the most in nine months as Evergrande says it's unable to issue new debt

Mon, 09/25/2023 - 08:15

Tech Insider

China property crash — Qi Yang/Getty Images; mikroman6/Getty Images

Markets, mi-exclusive, Markets, China, Debt, Property, china-property-market

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