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Site title: China Economic Review, Charting China's changing economic terrain. Since 1990
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Two of China’s private data agencies withheld monthly home sales figures at the government’s behest, reports Bloomberg. According to people familiar with the matter, China Real Estate Information Corp and China Index Academy which are among the country’s biggest private property data providers, didn’t disclose the combined sales of the nation’s 100 largest developers for No...
China Vanke has proposed a one-year extension on its RMB 2 billion ($282 million) mid-term note due in December, marking its first public debt deferral, reports Caixin. The moves signals mounting financial strain even on one of China’s historically stronger state-backed developers. Caixin says that according to documents it has seen, Vanke’s “22 Vanke MTN004” bond woul...
China’s tightening export controls are pushing European firms to explore new supply chain capacity outside of the world’s second-largest economy, according to a European lobbying group who say firms are seeking cover from the US-China trade war, reports Reuters. The European Union Chamber of Commerce in China said a third of its member companies were […]
At least three Chinese electric vehicle assemblers broke sales records in November, thanks in part to consumers rushing to make a purchase ahead of tax breaks and subsidies being phased out from January 1, reports the South China Morning Post. Stellantis-backed Leapmotor, one of the fastest-selling EV makers this year, delivered 70,327 vehicles in November, hittin...
Walt Disney’s Zootopia 2 grossed RMB 1.9 billion ($269 million) in its opening week in China, becoming the country’s highest-ever grossing imported animated film, reports Caixin. Released on Nov 26, the sequel accounted for 91% of the Chinese mainland’s total box office revenue for the week ending Sunday, official data showed. The Chinese mainland has emerged […]
