China’s Young People Are Giving Up on Saving for Retirement
China wants young people to put money away for retirement. Tao Swift, an unemployed 30-year-old, is not interested in hearing it.
Alexandra Stevenson in asian news
China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion
China Evergrande Group exaggerated its revenue by more than $78 billion and committed securities fraud over two years before its spectacular collapse in 2021, a top Chinese regulator said.
China’s New Economic Agenda, a Lot Like the Old One: Takeaways
Beijing was abuzz with politics on Tuesday. China’s annual legislative meeting — the National People’s Congress, when Communist Party leaders promote their solutions for national ills — opened for business.
Spicy Food and Dental Implants: Low Prices Lure Hong Kongers to China
Shuen Chun-wa, 81, and her husband hurried toward a green bus with two dozen other Hong Kong residents, dragging empty suitcases. They had purple tour stickers on their jackets and were headed to shop in Shenzhen, a bustling Chinese city that sits on the northern side of the border with Hong Kong.
China Evergrande Must Be Liquidated, a Judge Said. What Happens Next?
After nearly two years of false starts, last-ditch proposals and pleas for more time, China Evergrande, a massive property company, has been ordered to dismantle itself. It’s a big moment. Evergrande’s collapse in 2021 sent China’s housing market into a tailspin. The worries in real estate, where most households put their savings, helped tip the economy into a downturn.
Evergrande Will Be Dismantled, a ‘Big Bang’ End to Years of Stumbles
Months after China Evergrande ran out of cash and defaulted in 2021, investors around the world scooped up the property developer’s discounted I.O.U.’s, betting that the Chinese government would eventually step in to bail it out.
Fire Kills 13 in a School Dorm in Central China
A fire in the dormitory of a kindergarten and elementary school in central China killed 13 people, Chinese state-owned news media reported on Saturday.
China’s Economy Spooks Markets, and Hong Kong Stocks Sink
China’s No. 2 leader, Li Qiang, traveled to Switzerland with a message for the titans of the business world gathered for the World Economic Forum.