S&P downgrades Chinese state-backed developer Greenland

by Boo_Randy Meanwhile, in China, more dominoes are getting ready to topple over. https://www.macaubusiness.com/sp-downgrades-chinese-state-backed-developer-greenland/ Ratings agency Standard & Poor’s on Monday downgraded Chinese state-backed property developer Greenland over fears the company would default on a bond payment. Since a government …

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Several Chinese local banks freeze deposits, triggering protests

by Boo_Randy If you don’t hold it, you don’t own it: China edition. $1.5bn from 1m customers locked after lenders operated outside their region https://asia.nikkei.com/Business/Finance/Several-Chinese-local-banks-freeze-deposits-triggering-protests SHANGHAI — Protests have broken out in China after several regional banks prevented customers from making withdrawals in …

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Chinese land prices dropping 72%

Feel like China’s housing market issues would be getting a lot more attention in normal news cycle. Land prices dropping 72% YOY seems significant. pic.twitter.com/3m2NwmTEfr — Rick Palacios Jr. (@RickPalaciosJr) March 13, 2022 Hang Seng Mainland Property Index down another …

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Taiwan defense ministry says 9 Chinese military aircraft entered its air defense identification zone

#Taiwan’s air force scrambles to warn away nine Chinese aircraft that enter its air defense zone, Taiwan’s defense ministry says, on the same day that Russia invades Ukraine.#Chinahttps://t.co/DOZj9BRCeC pic.twitter.com/V1yVQMJ74T — Al Arabiya English (@AlArabiya_Eng) February 24, 2022 https://twitter.com/theragex/status/1496838317660377093 9 PLA …

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Chinese media outlet – owned by the Communist Party – has accidentally leaked its directives to not publish any anti-Russian or pro-Western content.

https://twitter.com/disclosetv/status/1496289280762781703 An accidental social media post revealed how one Chinese outlet is toeing the line while the world grapples with the mounting Russia-Ukraine conflict. Horizon News, a subset of Beijing News, which is owned by the Chinese Communist Party, posted …

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