Tesla to invest $188 million to expand Shanghai factory capacity -Beijing Daily


SHANGHAI (Reuters) -Tesla Inc plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory that will allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported on Friday.

China fines tech giants for failing to report 43 old deals

BEIJING (Reuters) -China's market regulator on Saturday said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying that they violated anti-monopoly legislation.

China's land sales slump for 4th month as property woes worsen

BEIJING (Reuters) -The Chinese government's revenue from land sales slumped for a fourth month in October compared with year-ago levels, as cash-strapped developers moved cautiously on land buying after tighter regulatory curbs on new borrowing.

Nov 19 2021

China's embattled Huarong secures $6.5 billion investment

Chinese state-owned asset manager China Huarong Asset Management said on Wednesday it will receive fresh capital worth 42 billion yuan ($6.59 billion) from a state consortium led by Citic Group as part of a restructuring plan.

Wealth, China Nov 17 2021

Evergrande chief's luxury assets in focus as his company scrambles to pay debts

HONG KONG (Reuters) -As developer China Evergrande Group scrambles to meet its debt obligations, its founder is freeing up funds from luxury assets including art, calligraphy and three high-end homes, according to filings and a person with knowledge of the matter. | Video

China, Africa Nov 16 2021

Huarong gets approval to raise $11 billion bond in interbank market

BEIJING China Huarong Asset Management has been granted approval to raise 70 billion yuan ($11 billion) of financial bonds in the interbank market, as it continues to improve its credit profile and re-focus on its main bad loan business.

Nov 15 2021

China property hit by rare convergence of demand, supply declines

BEIJING China's property woes worsened on all fronts last month, as price falls in both new and resale homes amid deeper contractions in construction starts and investment by developers piled pressure on the sector in a rare confluence of declines.

Nov 15 2021

Chinese property bonds dive as contagion kicks in

SHANGHAI/BEIJING/LONDON China's property sector suffered a fresh pounding on Tuesday as Kaisa Group made a desperate plea for help, Beijing-backed firms began to wobble and the U.S. Federal Reserve sent its first direct warning about potential global damage. | Video

Nov 09 2021

China's Oct new bank loans likely halve from prior month - Reuters poll

BEIJING New bank lending in China is expected to have plunged in October from the prior month, but the yuan loans are likely to be higher than a year earlier, a Reuters poll showed, as the central bank treads warily on policy easing amid stagflation concerns.

Kaisa, units trading suspended as China property debt crisis routs developers' shares

HONG KONG/SHANGHAI (Reuters) -Kaisa Group Holdings Ltd and three of its units had their shares suspended from trading on Friday, a day after an affiliate missed a payment to onshore investors as China's snowballing property debt crisis jolts other developers. | Video

Nov 05 2021

The yuan charge

Participants wait to perform a dragon dance during a mass fitness programme outside the National Stadium, also known as the Bird's Nest, in Beijing June 20, 2009.

The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains.   Document