Goldman Sachs says China faces "significant downside pressures" from energy shortages and has cut the country’s economic growth forecast for 2021 to 7.8%, from 8.2%.
Factory output in August was the slowest since July 2020, cutting profits at industrial plants, which face high commodity prices, Covid-19 outbreaks, part shortages and now a power crisis.
11 group entities – including flagship airline Hainan Airways – will get a cash injection and be put into one company in a bid to reduce debt, sources say
Funding shortfall that has dogged carmaker since its formation intensifies as parent company’s financial woes deepen
Tight coal supplies and tougher emissions standards have caused factory shutdowns in key provinces, hitting heavy industry in several regions and economic growth
Meng Wanzhou flew back to China after a video link to a US court, in which she agreed to a statement of facts on the case laid by US prosecutors. A court in Vancouver then allowed her leave.
A step-by-step look at how Evergrande's problems have snowballed up to pivotal week when bond interest payment was due
Chinese leader walks a tightrope between calming markets without provoking public anger. All this, a year before he’s set to be reaffirmed as chief for an unprecedented third time
Ties deteriorate over island's bid to join the CPTPP. Taipei says China is intent on bullying Taiwan and has no right to comment on its bid to join the pan-Pacific trade pact.
Less than a year after purchasing stock in Mango Excellent Media, Jack Ma’s e-commerce giant will sell its stake in the company. Will the South China Morning Post be next?
Taipai’s application to be part of the 11-nation regional CPTPP agreement – just days after China applied to join the same group – has sparked a stark warning from Beijing
The German carmaker says its site in Hefai should be able to roll out up to 180,000 electric vehicle systems by 2025