Tag

Economy

Evergrande

The moment of truth for Evergrande

On Monday, the Chinese real estate giant Evergrande has the last chance to submit a restructuring plan. If it fails to do so, a Hong Kong court is set to liquidate the company. However, Beijing is also likely to have a say in the matter.

By Jörn Petring

Bildnummer: 52797527  Datum: 27.11.2008  Copyright: imago/Xinhua
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Bildnummer 52797527 Date 27 11 2008 Copyright Imago XINHUA Peoples Bank of China PBOC Central Bank in Beijing PUBLICATIONxNOTxINxCHN Building exterior exterior view 2008 Beijing China Celebrities S horizontal Kbdig long shot Banks Economy Asia Corporate Office

Central bank wants to fortify the economy

The Chinese central bank aims to give a stronger boost to domestic demand. In its report on the implementation of monetary policy in the third quarter on Monday, it announced: "Prudent monetary policy will be forceful and precise."

By Redaktion Table

Alibaba struggles to emerge from crisis

The largest overhaul in the company's history was meant to give Chinese tech giant Alibaba a fresh start. However, the comprehensive realignment is now being completely reconsidered, causing dismay among investors.

By Jörn Petring