China’s central bank says Evergrande is unique and most real estate developers are stable

An outside view of the Evergrande China Center in Hong Kong, China on March 26, 2018. Bobby Yip | Reuters BEIJING – The People’s Bank of China said Friday that debt developer China Evergrande is its own case, and that most of the country’s real estate companies are stable. Real estate giant Evergrande has $300 … Read more

China risks making ‘big mistakes’ with crackdown: Ex-IMF chief economist

The former chief economist of the International Monetary Fund has said that China risks making “big mistakes” as it cracks down on large swathes of its economy from technology to tutoring and real estate. “I’m very concerned about China because it is somewhat attacking the basis of its growth so far,” Raghuram Rajan said in … Read more

Chip shortage could persist for another 2-3 years: Hisense President

QINGDAO, China — The president of Hisense, one of China’s largest TV and home goods makers, told CNBC that the global chip shortage could last another two to three years before it ends. Industries from consumer electronics companies to automakers are dealing with a shortage of semiconductors. This has resulted in shortages of products such … Read more

GDP forecasts by Goldman, JPMorgan, Citi, Stanchart

Workers work at a swimwear factory in Jinjiang, southeast China’s Fujian Province, on Tuesday, September 28, 2021. China advantage | Barcroft Media | Getty Images BEIJING – Ahead of China’s quarterly growth figures on Monday, most major investment banks cut their economic forecasts for the year and warned that sudden power outages and a downturn … Read more