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Global financial crash: Chinese property market in freefall as Shimao drops in share price | City & Business

After China Evergrande was officially declared to have defaulted on its bond interest repayments last week, shares in fellow property developer, Shimao, plummeted on Tuesday. Amid the uncertainty over the future of China Evergrande and Kaisa Group Holdings, Shimao’s overall share price has fallen by 19.92 percent on the Hang Seng stock index. On Friday, […]
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Global financial crash fears: Evergrande default sparks 'serious questions' for economy | City & Business

The property giant faces debts of £220billion and missed a key bond repayment of $82.5million (£61million) which had been due on Monday. According to credit agency, Fitch, the company has now defaulted, which has sparked concerns for the Chinese economy, and its impact on the world financial market. In order to stop a collapse in the […]
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Upcoming Webinar: The US, China and Nuclear Deterrence in the Hypersonic Era

On December 1 at 4:00 PM EST, The Jamestown Foundation will hold a virtual webinar on The US, China and Nuclear Deterrence in the Hypersonic Era. Register Here Earlier this month, the Pentagon released its annual China Military Power Report to Congress. The report details the People’s Republic of China’s rapid progress in modernizing, diversifying and expanding its nuclear arsenal, …
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