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The market for Chinese developers dollar-denominated bonds has seen a meltdown over the past two years, losing 87% of its value. The rout has wiped out USD135.5 billion of value from USD154.9 billion of outstanding notes, as per Debtwire. This has sparked calls for a fresh approach to stimulating the property market including government-funded construction of affordable housing. ....
The worldwide AI fervor driven by ChatGPT has led industries across the spectrum to start integrating these smart helpers into their daily operations. Banking is no exception. Multiple Chinese banks are exploring the possibilities of employing AI tools to serve their customers. ....
Internationally educated staff makes Chengdu Universiade truly global event en.people.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.people.cn Daily Mail and Mail on Sunday newspapers.
More than 80% of local government financing vehicles do not have enough operating cash to cover interest payments on their debt, says UBS estimates. These entities are state-owned companies set up to finance infrastructure projects including highways and bridges. ....
China's Top Anti-Graft Body Targets Its Own Officials for Alleged Corruption theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.