China Evergrande moves its headquarters to save on rental
Evergrande said it moved its headquarters from rental offices to a place it owns in order to cut costs.
Evergrande's logo was being removed at the Excellence Houhai Financial Center on Monday.Something is loading.By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our
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China Evergrande moves headquarters from Shenzhen to Guangzhou -reportHeavily indebted property firm China Evergrande Group has left what has been its headquarters in the city of Shenzhen and relocated to nearby Guangzhou, Chinese media outlet The Paper reported on Monday, citing people familiar with the matter.
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Sri Lanka's president asks China to restructure debt repaymentsCOLOMBO (Reuters) -Sri Lanka's President Gotabaya Rajapaksa asked China to help restructure debt repayments as part of efforts to help the South Asian country weather a worsening financial crisis, his office said in a statement on Sunday. Rajapaksa made the request during a meeting with Chinese Foreign Minister Wang Yi in Colombo on Sunday. Sri Lanka has benefited from billions of dollars in soft loans from China but the island nation is currently in the midst of a foreign exchange crisis placing it on the verge of default, according to analysts.
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China: PBOC may cut the MLF rate – ANZThe People’s Bank of China (PBOC) is expected to cut the one-year medium-term lending facility (MLF) rate after slashing its loan prime rate (LPR) in
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China locks down third city, raising affected to 20 million | AP NewsBEIJING (AP) — A third Chinese city has locked down its residents because of a COVID-19 outbreak, raising the number confined to their homes in China to about 20 million people. It wasn't clear how long the lockdown of Anyang city, home to 5.5 million, would last as a notice said it was being done to facilitate mass testing but did not indicate if it would end when the testing is completed.
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Intel deletes reference to Xinjiang after backlash in ChinaU.S. chipmaker Intel has deleted references to Xinjiang from an annual letter to suppliers after the company faced a backlash in China for asking suppliers to avoid the sanctions-hit region.
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China orders suspension of some U.S. flights after COVID-19 casesChina has ordered the cancellation of more than two dozen scheduled flights from the United States in recent weeks after numerous passengers tested positive for COVID-19 after arriving in China.
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