Chinese real estate developer Evergrande defaults on debt – CBS News

The fate of one of China’s largest real estate developers is in limbo after a major credit rating firm says Evergrande defaulted on major bond debts. CBS News contributor and the founder of Strategy Risks Isaac Stone Fish, break downs Evergrande’s situation and explains how the company got there.

Cultural Revolution was a catastrophe and Mao was responsible, China’s Communist Party upholds in landmark statement

Historic resolution adopted by top party leadership reasserts previous narrative on the decade of turmoil and bloody Tiananmen crackdown Document cements President Xi Jinping’s status on a par with Mao and Deng, seen as paving the way for him to stay on at the helm China’s Communist Party has reiterated its official verdicts on the CulturalContinue reading “Cultural Revolution was a catastrophe and Mao was responsible, China’s Communist Party upholds in landmark statement”

College students hold principal hostage for ‘more than 30 hours’ in rare protest in China

Chinese police said they suppressed campus protests on Tuesday (June 8), after thousands of angry students held a college principal hostage over fears their degrees were set to be downgraded. Large-scale protests are extremely rare in China, as the Communist Party controls mass movements that may undermine social stability and quickly extinguishes information that seepsContinue reading “College students hold principal hostage for ‘more than 30 hours’ in rare protest in China”

China military flybys near Taiwan plunge after US-Japan statement

Beijing looks to avoid tensions ahead of Communist Party centennial Chinese military activity in Taiwan’s air defense identification zone has dropped sharply since the U.S. and Japanese leaders called for peace and stability in the Taiwan Strait during their April 16 summit, data compiled by Nikkei shows. Beijing appears to be backing off from aggressive moves that would antagonize Washington over theContinue reading “China military flybys near Taiwan plunge after US-Japan statement”

China blasts US and EU consulates over June 4 candles

China on Saturday berated the US and EU consulates in Hong Kong for displaying candles to commemorate the June 4 Tiananmen crackdown, slamming it as a “clumsy political show” to destabilise the city. Candles were seen lit in the windows of the US consulate building, which is next to the residence of Hong Kong’s Beijing-appointedContinue reading “China blasts US and EU consulates over June 4 candles”

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