Chinese housing giant Evergrande is one of the country’s largest and most indebted private conglomerates, teetering on the brink of bankruptcy after years of rapid growth and a buying spree.
Sébastien Ricci
Covering China for global newswire @afpfr.
The Demise of China’s ‘Model’ Village, Where Cash and Communism Collide
It was a gilt-edged gift to Communist propaganda: a village led by a Party visionary who transformed farmers into millionaires while tacking close to China’s collectivist ideals.
Bitcoin Tumbles to $30,000 after China Warning, Musk Remarks
Bitcoin plunged by 30 percent on Wednesday after China signalled a new crackdown on the cryptocurrency and Tesla head Elon Musk sent mixed signals about his car company’s use of the unit.
China’s Big Tech ‘Rectification’ Continues after Alibaba Record Fine
A record fine, public penitence from a tech giant and a ‘who’s who’ of digital firms warned to “rectify” their ambitions within a month — state regulators are showing no one is bigger than Beijing in Xi Jinping’s China.
Wuhan Neighborhood Banishes Memory of Lockdown Death
It was the image that became a symbol of the chaos enveloping coronavirus-hit Wuhan: the body of a man lying for hours on a pavement.
One Year after Lockdown, Wuhan Clubbers Hit the Dancefloor
Glow-in-the-dark rabbit ears, pulsating beats, and a flexible attitude to masks: nightlife in China’s Wuhan is back with a vengeance almost a year after a lockdown brought life to a standstill in the city of 11 million.
China to Test Entire City of 9M after a Tiny Outbreak
All nine million people in a major Chinese port city will be tested for Covid-19 following a tiny outbreak, health officials said Monday, as surging infection numbers in Europe force another round of containment efforts.
China’s Once-Booming Mask Makers Struggle after Price Drop
Tens of thousands of mask-making companies mushroomed across China at the start of the coronavirus pandemic, but many are struggling to survive as they face stricter quality control measures and falling domestic demand.
Eight Days in Wuhan, Cut off from the World
For eight days, an AFP team lived and worked at the centre of a global health emergency, witnessing how life in the Chinese city of Wuhan was turned upside down as it was cut off from the world.
China Makes Way for its Own Digital Currency After Bitcoin Crackdown
As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency — one that could allow the government and the central bank to see what people spend their money on, according to analysts.