A former Chinese finance minister criticized the country’s statistics for not properly reporting negative economic changes, with the rare harsh public statement from a senior figure highlighting long-standing concerns about Continue Reading
Fitch Ratings said China Evergrande Group EGRNF -5.70% and a second big property developer, Kaisa Group Holdings Ltd. 1638 1.10% , had defaulted after missing U.S. dollar bond payments. Kaisa, which in 2015 became one of the first Chinese Continue Reading
Highlights Daily coal truck hauls fell below 100 Supply tightness not expected amid soft demand Coal trucks hauled from Mongolia through Inner Mongolia’s Ganqimaodu border port have nose-dived after fresh Continue Reading
Sinopec Corp has set up a new subsidiary in Xiong’an, near Beijing, to specialize in the hydrogen fuel business, China’s second-largest oil and gas company said on Friday. Sinopec Xiong’an Continue Reading
New coronavirus infections in South Korea have been rising and breaking records daily. There were long lines at testing stations after they exceeded 7,000 for the first time on Wednesday Continue Reading
Australia’s accelerating energy transition will see half of all homes installed with rooftop solar in the early 2030s, helping to spur a faster exit from coal-fired power generation, according to Continue Reading
The U.S. is expanding COVID-19 boosters, ruling that 16- and 17-year-olds can get a third dose of Pfizer’s vaccine. The U.S. and many other nations already were urging adults to Continue Reading
BioNTech and Pfizer (PFE.N) said on Wednesday a three-shot course of their COVID-19 vaccine was able to neutralize the new Omicron variant in a laboratory test, an early signal that Continue Reading
The People’s Bank of China has never been politically independent like a Western central bank, but it has nonetheless enjoyed a special status in the nation’s economic hierarchy. Now, President Continue Reading
China Evergrande Group has officially been labeled a defaulter for the first time, the latest milestone in months-long financial drama that paves the way for a massive restructuring of the Continue Reading
