China’s homebuyers are refusing to pay mortgage loans and their “stop mortgage repayment” movement has spread to several Chinese provinces
Asian stocks fell in China, Japan, South Korea and India, but rose in Australia.
Nomura lowered its China economic growth forecast, citing dismal July activity data, the lingering impact of the pandemic, and the worst heatwave in six decades.
HKEX has suffered a notable decline in listings and trading at its two Hong Kong exchanges from both China's economic slowdown, plus lingering geopolitical tension.
China’s yuan is facing the most sustained depreciation pressure since 2015, when a shock devaluation triggered a global stock market rout
There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
Asian shares were mixed after China's central bank unexpectedly trimmed two key lending rates following the release of July data that showed the nation's economic slowdown deepening.
A weak economy, Covid disruptions and supply chain challenges hammered the company's sales while increased investment in new technologies was an additional drag.
Caixin services PMI rose to 55.5 in July, the highest since April 2021, however, the survey showed foreign demand fell and companies cut staff for the seventh month in a row
The US Securities and Exchange Commission on Friday added Alibaba to a list of Chinese companies that could face delisting from US exchanges, triggering an 11% drop in its shares.
The yuan on Monday extended a decline it has endured for the past five months, while China's economy remains mired in concerns about Covid and heightened international tensions
Some analysts have said the US tech giant could face a drop in demand given China's weak economy and the slump in smartphone sales in the second quarter.