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

Drowning in Debt, Property Developer Tahoe Defaults Again

Company now has overdue borrowings of 27.1 billion yuan, plans talks with bondholders over debt restructuring

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

Rising Food Prices Drive Uptick in Consumer Inflation

Downward pressure on factory-gate prices eased in June as domestic demand recovered and global commodity prices picked 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 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

Tencent President Cashes In $131 Million of Shares as Price Surges

Martin Lau Chi-ping taps into stock’s 45% jump this year amid great expectations for gaming as stock connect programs lure mainland investors

Jul 09, 2020 04:04 AM
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