Despite China’s property sector being engulfed in a crisis, a portion of the industry is thriving, leading to some optimism about improving liquidity for the rest of the market. “Property development …
China real estate firm misses $1B bond payment
Chinese real estate development company Shimao Group Holdings Ltd. revealed on Sunday that it was not able to repay offshore bonds totaling over $1 billion even though they matured on July 3.
Iron ore extends sell-off as China demand outlook darkens
Dalian and Singapore iron ore futures tumbled on Monday, weighed by a gloomy demand outlook for the steelmaking ingredient in China, where many steel mills are nursing losses and cutting production.
China NFTs: Tencent and Ant Group join industry pledge to ban cryptocurrency and fight speculation
In a new ‘self-discipline initiative’, China’s biggest tech firms agreed to enforce real-name authentication for NFT buyers and to avoid secondary marketplaces The agreement, which is not legally …