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Vanke’s bondholders reject extension plan on 2 billion yuan of bonds, raising default risk

China Vanke failed to secure bondholder approval to extend by one year a bond payment due on Monday, a filing…

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New Business

China rate cuts likely in fourth quarter amid growth concerns: Goldman Sachs

China’s central bank appears increasingly likely to ease its monetary stance in the fourth quarter, according to Goldman Sachs, as…

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New Business

Chinese solar firms bank on overseas expansion to ensure survival in the face of US tariffs

Chinese solar and energy-storage companies will continue to press ahead with their overseas expansion with or without a long-term agreement…

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New Business

China’s lack of advanced chips hinders broad adoption of AI models: Tencent executive

“The most severe problem is the [limited] resources of [graphics] cards and computing resources,” said Wang Qi, vice-president at Tencent’s…

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New Business

Trump’s tariff chaos push Chinese car-parts makers to recalibrate global expansion plans

Lower tariffs on Chinese goods are likely to keep auto-parts exports relatively attractive for American buyers, prompting mainland-based producers to…

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New Business

Analysts expect China property market recovery in 2025 after seeing improvement in January

Analysts believe a broad recovery in China’s property market would come this year, after new home prices in first-tier cities…

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New Business

China’s factory activity growth slows again as Trump tariffs loom

China’s manufacturing activity unexpectedly declined for a second straight month in January, underlining the need for Beijing to step up…

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New Business

Embattled Chinese developer Vanke suffers Fitch Ratings bond downgrade

Fitch Ratings downgraded some of developer China Vanke’s bonds deeper into junk territory, adding to the list of challenges that…

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New Business

Chen Hongtian saga: Hong Kong university pays US$334 million for tower in distress sale

One HarbourGate East Tower, a premium office building formerly owned by cash-strapped Chinese tycoon Chen Hongtian, has found a new…

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New Business

As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

A deepening of economic relations between China and Saudi Arabia will advance the use of the yuan for oil purchases,…

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