China’s heavily indebted property developer Evergrande on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court. In a filing to the Manhattan bankruptcy court, the firm sought recognition of restructuring talks underway in Hong Kong, the Cayman Islands and the British Virgin Islands. CNBC has reached out to Evergrande for comment but did… Continue reading China’s property giant Evergrande files for bankruptcy protection in Manhattan court
Tag: Chinas
China’s fertility rate hit a record low last year
HONG KONG — China’s fertility rate is estimated to have dropped to a record low of 1.09 in 2022, the National Business Daily said, a figure likely to rattle authorities as they try to boost the country’s declining number of new births. The state-backed Daily said Tuesday the figure from China’s Population and Development Research… Continue reading China’s fertility rate hit a record low last year
Italy suggests exit of China’s Belt and Road in shift toward U.S.
There was also an alluring historical narrative. The BRI is based loosely on the ancient Silk Road trade route, the same that was traversed by the medieval Venetian explorer Marco Polo. When Chinese President Xi Jinping visited Italy to sign the deal in 2019, he described Polo as a “pioneer of cultural exchanges between East… Continue reading Italy suggests exit of China’s Belt and Road in shift toward U.S.