In Depth: Inside the Illicit Business Running Up China’s Credit Card Debt

‘Cash-out services’ allow individuals and businesses to tap their credit cards for cash loans by disguising the transactions as purchases that never take place

China Business Digest: China’s Consumer Inflation Inches Up Amid Floods; Global Covid-19 Infections Pass 12 Million

Regulator blacklists illegal securities margin lending platforms amid bull market; U.S. reports more than 3 million coronavirus cases

Four Things to Know About What Makes TikTok Tick

The short-video app has shot to global fame in less than three years, but is also coming under increasing global scrutiny

Former ‘Amazon of China’ Finds New Role at Center of B-List Divorce Drama

Latest chapter in feud between Dangdang co-founders sees estranged husband Li Guoqing detained on allegations of forcibly taking documents from company premises

Update: Rising Food Prices Weigh on Consumer Inflation

Downward pressure on factory-gate prices eases as domestic demand recovers and international commodity prices pick up

O’Neill: A V-Shaped Economic Recovery Could Still Happen

Many classic short-term leading and coincident indicators now point to a rapid rebound

Jul 09, 2020 06:12 PM

China to Let WHO Experts Into Beijing to Trace Origins of Covid-19

Investigation will be an ‘ongoing process probably concerning many countries and localities’ Chinese authorities said

Jul 09, 2020 05:32 PM

Gallery: Lost in a Landslide

Torrential rains continue to batter China, causing flooding and landslides in many provinces. In Central China’s Hubei province, a rain-triggered landslide buried nine villagers Wednesday, eight of whom died, state-run broadcaster CCTV reported. Forty other villagers have been transported to safety

Jul 09, 2020 04:55 PM

China Industrial Firms in Refinancing Fix as Debt Wall Looms

Offshore bond sales from high-yield energy and other industrial companies hit a two-year low in the first half of 2020, with no sales from April to June

Jul 09, 2020 03:12 PM

Tesla Gaining Ground Pushes China Electric Vehicle Bubble Toward Bursting

Byton Ltd. is at least the third sizable electric-vehicle upstart to throw in the towel since Elon Musk started his made-in-China offensive

Jul 09, 2020 03:07 PM

Chinese Foreign Minister Calls for Review of China-U.S. Red Lines

Wang Yi says Sino-American relations are facing their ‘most severe challenge’ in more than 40 years

Jul 09, 2020 02:20 PM

Chinese Gay Dating App Operator BlueCity Surges on Nasdaq Debut

Stock of LGBTQ community Blued’s owner skyrockets as much as 124% and pushes market cap to near $880 million

Jul 09, 2020 05:54 AM

Harvard and MIT Sue Immigration Authorities on New Student Visa Guidelines

Covid-19 pandemic-related suit addresses dispute affecting more than 1 million international students, a third of them from China

Jul 09, 2020 05:53 AM

China Blacklists 258 Illegal Securities Margin Lending Platforms

Securities regulatory commission warns investors to avoid illegal funding operations and report fraud as booming stock market revives demand for loans to be used in buying shares

Jul 09, 2020 05:49 AM

Didi Partners with Central Bank on Digital Currency Trial

Ride-hailing giant joins growing list of banks and companies testing PBOC’s digital yuan in real-life scenarios with development project underway since 2014

Jul 09, 2020 04:09 AM
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