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...The quota system works on a first come, first served basis....
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...By 2009, China had become the world’s largest exporter of goods, and the largest trading nation in goods in 2013, according to the OECD data compiled by McKinsey and Co....
...While BYD is now making inroads into international markets, the group is strongest on home turf where it has built a 35 per cent market share across the NEV segment....
...The company’s shares have become a penny stock after falling about 70 per cent this year, while its bonds are trading at 5 cents on the dollar....
...Country Garden, China’s largest private developer, has warned of a potential default on its international debts in a significant blow to the country’s embattled property sector....
...But they clawed back some of those losses, rising more than 5 per cent in Hong Kong on Wednesday, in their first trading session after official rhetoric appeared to soften Beijing’s stance....
...The lawsuit could also be a further blow to any hopes of a restructuring deal between Evergrande, which had more than $300bn in liabilities at the time of its failure in 2021, and its international bondholders...
...The company, formerly the largest developer in China by sales, missed international bond payments last week in a sign that a two-year liquidity crisis across the real estate sector was threatening to escalate...
...While Brexit continues to take up a disproportionate amount of time for UK financial regulators, it has long since faded from the international scene....
...Underscoring concerns over the sector’s liquidity crisis, China Evergrande shares fell almost 90 per cent when they resumed trading for the first time in 17 months and as the developer delayed a crucial...
...Chinese conglomerate Dalian Wanda has sparked volatile trading in Asian high-yield bond markets over whether it will repay a $400mn bond that matures on Sunday....
...Major cities, including Beijing and Shanghai, lowered minimum mortgage interest rates for first-time homebuyers last week....
...It was inevitable in a way.” In the US, international drinks giants Diageo and Bacardi dominate the industry alongside Mexican spirits group Becle, which makes Jose Cuervo and 1800....
...The world’s second-largest economy grew just 0.8 per cent in the second quarter compared to the first....
...Major cities including Beijing, Shanghai, Guangzhou and Shenzhen lowered minimum mortgage interest rates for first-time homebuyers last week....
...Concerns over Country Garden’s finances grew this month when it missed coupon payments on international bonds....
...In a letter to Congress co-authored by senators Elizabeth Warren (D-MA) and Roger Marshall (R-KS), the Biden administration was urged to clamp down on the sector’s use as a means of financing terrorism....
...Törnqvist said tensions emanating from the Israel-Gaza crisis had added about $5 a barrel to the price of crude, with international benchmark Brent rising to near $93 a barrel this week....
...Solot, co-head of digital assets at financial services firm Marex....
...The company initiated a 10-day grace period for a missed interest payment on the bond last Thursday, while another of its notes maturing in 2025 is trading well below par at 80 cents on the dollar....
...The developer cancelled a stock placement at the last minute in late July and missed payments on its international debts in early August....
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