China Evergrande Group Secures Extension On Defaulted Bond
China’s debt-ridden property developer Evergrande Group has managed to secure an extension on a defaulted bond. Evergrande has been granted a three-month plus extension on a $260 million bond after the company offered extra collateral....
P&G Blames Supply Chain Clogs for Price Hike, Sells it as Good News for Stakeholders
Consumer products giant Procter & Gamble (P&G) announced another price hike on consumer goods, blaming supply chain congestion as the main culprit. While the change may be painful for households, shareholders will benefit, according to...
North Carolina School Rations Utensils as Supply Chain Crisis Worsens
The U.S. is grappling with a supply chain crisis, which is affecting several aspects of society. Shipping containers are piling up at ports, businesses are worried about their bottom lines, and inflationary pressure is raising...
Pfizer Calls the Shots When It Comes to Government Vaccine Contracts
Pharma giant Pfizer-BioNTech reportedly dictates the governmental vaccine deals it engages in. According to a consumer rights watchdog report, the company has the power to influence governments, supply chains, and consumers. The common theme of...
Debt-Besieged Evergrande Wins Small Triumph With US$83-Million Bond Payment
With more than $300 billion in outstanding debt, the Chinese real estate giant is by no means out of the woods Shenzhen-based Chinese real estate company Evergrande narrowly avoided a default on Oct. 21, making...
Offshore Investors in Trouble as Evergrande Favoring Domestic Obligations
With liabilities of more than $300 billion, China’s Evergrande Group is the one of most indebted property developers in the world. Having failed to make payments on some of its debts, Evergrande is making offshore...
The Silent Influence of the ‘China Model’ on US Economic Policy
Most analyses of the Chinese economy belong to one of two types: those that come from the venture capital industry and those created by think tanks. The venture capitalists are pessimistic about the Chinese economy’s...
China’s Third Quarter GDP Falls Below Expectations, Weakest Growth Rate in a Year
China released its third-quarter GDP numbers and the results are lower than market expectations. According to data from the National Bureau of Statistics (NBS), China grew by just 4.9 percent in Q3, its weakest growth...
Countering Beijing’s Economic Retaliation Tactics Through New US Bill
A bipartisan group of lawmakers recently announced a bill that aims to counteract the Chinese regime’s use of economics to coerce and influence other countries. The Countering China Economic Coercion Act bill was introduced by...
