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CHINESE ECONOMY

10,000 Millionaires Expected to Leave China This Year–And Take $48 Billion With Them: Report
According to a consulting firm specializing in foreign investments, over 10,000 of China’s wealthiest...
Asia’s Wealthiest Woman Loses $12 Billion in China’s Real Estate Crisis
Yang Huiyan, known as the richest woman in Asia, has lost more than half of her $24 billion fortune as...
Chinese Ride Share Giant Didi
Behind the Timing of Didi Global’s $1.2-billion Fine
News analysis Chinese ride-hailing company Didi Global was hit with a $1.2 billion fine on July 21...
3 Evergrande Real Estate Executives Asked to Resign Over Unstable Loans
Evergrande Group, the embattled Chinese real estate giant, has once again become the focus of international...
With Both Small and Large Banks in Trouble, Will China’s Debt Crisis Blow Up?
A banking crisis in China’s Henan Province has seen hundreds of thousands of people unable to access...
zhengzhou_protests_2022.jpeg
Chinese Protesting Frozen Bank Accounts Just the Tip of the Iceberg in Beijing’s Widening Financial Crisis
News analysis Angry protesters took to the streets in China’s Henan Province on July 10 after their...
Residents in China’s Henan Province Lose Access to Bank Accounts, Face Off With Police
Droves of angry protesters took to the streets in China’s Henan Province on July 10 after their bank...
China Technology Companies Fined
Alibaba and Tencent Stocks Plunge After Latest Fines
HONG KONG (AP) — Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, July...
China Experiencing Worst Capital Flight in 7 Years, Manufacturers Also Hit Hard
Reeling from unrelenting COVID lockdowns, travel restrictions and movement curbs, China’s national economy...