Economic Observer Network News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The authorities are withholding the identities of 29 people who died in a fire in the inpatient department ...

Huang Yingsheng writes that those who ran afoul of the regulations after the advent of omicron, a less deadly variant, should see their cases dropped or be freed and their records cleared

A former judge of the Supreme People's Court, the highest court in China, is calling for the suspension or revocation of cases against some 80 people found guilty of violating "zero-COVID" policy regulations since the advent of omicron, a less deadly variant that began spreading in December 2021. China implemented the zero-COVID policy in January…

Financial risks from debt problems of China’s Evergrande Group’s (恆大集團) are “controllable” and unlikely to spill over, the People’s Bank of China said on Friday, amid growing investor concerns that the crisis could ripple through other developers. Evergrande is the world’s most indebted developer, with more than US$300 billion in liabilities. The company missed a third round of interest payments on its offshore bonds last week, spooking investors globally and sparking concern that other companies in the sector might also default on payments. “Of the total liabilities of E...

(Bloomberg) -- China’s top developers have asked the government to ease its property-sector crackdown, local media reported, amid growing concerns about the fallout from China Evergrande Group’s debt crisis.