Bank of Bohai sells assets at 60% discount, bad debt issues at Chinese banks worsening.
Bohai Bank is currently selling non-performing assets worth 289 billion yuan at a discounted price of 60%, highlighting the worsening…
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Global Stock Markets Rollercoaster Ride Intensifies with Unexpected Rate Hike by Bank of Japan
After experiencing a sharp plunge, most global stock markets bounced back on August 6th following the previous day’s turmoil. Tokyo’s…
US Middle Class Turns to Which Restaurants to Find Discounted Food
In the United States, the middle class is increasingly frequenting Applebee’s and IHOP restaurants in search of discounted delicacies such…
Chile’s Largest Steel Plant Halts Production, Accuses China of Intensifying Dumping
Chile’s largest and only integrated steel plant, Huachipato, announced on Wednesday (August 7) that it is unable to sustain its…
Qatari Investment in US-backed Mining Fund Reduces Dependence on China
Qatar has invested in a US-supported mineral fund project aimed at weakening China’s dominant position in the critical mineral sector…
China’s lower-than-expected exports: What kind of economic crisis is the Communist Party facing?
The Chinese Communist Party announced on Wednesday (August 7) that the growth of exports in July was lower than expected….
Warren Buffett’s company holds more US Treasury bonds than the Federal Reserve
Billionaire Warren Buffett’s company holdings of U.S. Treasury bonds have surpassed that of the Federal Reserve. On Wednesday, August 7th,…
From luxury goods to Starbucks, Chinese market drags down American and European businesses.
China’s economy is showing signs of weak recovery as luxury goods consumption slows down. European skincare company Beiersdorf reported on…
China issued over 4 trillion yuan of local government bonds in the first 7 months, nearly half used to repay old debts
According to official data, in the first seven months of this year, the total amount of local government bonds issued…
HP Plans to Move More Than Half of Its Computer Production Out of China
HP is reportedly planning to move more than half of its personal computer production lines out of China and establish…