China: another property group in debt trouble; Venture global’s record-breaking gas deal with China

Ellanjay

Electoral Member
Apr 11, 2020
747
126
43

China: another property group in debt trouble; Venture global’s record-breaking gas deal with China​



A battle may be around the corner. Young children are taught new fighting tactics, and weapon-carrying trucks are spotted rolling down the street. But an expert says Beijing is just trying to boost morale. Little financial aid, blocked from going to work, personal freedom halted—that has been the situation in one Chinese city for the past seven months. Amid strict pandemic-lockdown orders, many who are suffering have been silenced. China ramps up surveillance use in its battle against the pandemic. For Chinese citizens, if a confirmed virus patient so much as walks by, they may end up confined in quarantine. A Chinese property developer is knee-deep in a debt crisis—but it’s not Evergrande. The group missed a payment to investors, and now its shares are halted on Hong Kong’s stock exchange.
 

Ellanjay

Electoral Member
Apr 11, 2020
747
126
43

Workers housing collapses in China, kills 4; China’s birth rate lowest in 43 years: data​



Chinese real estate company Evergrande’s crisis isn’t over. Hundreds of home buyers are protesting, as construction on their future homes has been suspended for months. Reports of China’s so-called tofu buildings strike again. Four are dead after a residential workers’ dorm collapsed in the middle of the night. China’s birth rate plummets to its lowest point in four decades, despite authorities’ efforts to encourage a baby boom. A young man from Wuhan announces his decision to quit the Chinese Communist Party. He’s one of around 400 million Chinese people that have abandoned their ties to the CCP. China is exerting pressure on a small European country related to tensions over Taiwan. But the United States is defending the country and is offering a trade deal worth hundreds of millions of dollars.