Category: 上海龙凤1314

By the end of April, the total value of debt-to-equity sw

ap reached 2.3 trillion yuan ($332.8 billion). More than 20 percent was for the central State-owned enterprises, including China B aowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc ording to data from the State-owned Assets Supervision and Administration Commission. David Lipton, the International Monetary Fund’s first deputy […]

Education Ministry issues notice to prevent ‘gaokao immigr

China’s Ministry of Education issued an urgent notice to schools on Friday to prevent “gaokao immigration”. “Gaokao immigrants” refers to those individuals who lack a hukou (household registration) or student status in a pro vince but still attend the gaokao, the National College Entrance Examination, in that province. The ministry required local authorities to ensure […]

China and the US started tit-for-tat tariff exchanges in July,

 when the first round of tariffs on $34 billion worth of Chinese goods took effect. There has been strong opposition to the tariff measures from the US side. Joe Biden, a Democratic candidate for US president, said on Monda y, “The only people paying the price are farmers and working people right now”. “Raising tariffs […]

China becomes second-largest source of ‘unicorn com

China has become the world’s second-largest source of “unicorn companies” accordi ng to the latest report on China unicorn companies by the Evergrande Research Institute. With 88 in total, China is the world’s second-largest source of unicorn compani es following the US with 151. The report cited data from IC Insight gathered between 2013 and […]