外媒:许家印被监视居住 恐引发中国经济骨牌效应

金融经济

题图:中国房地产公司恒大集团主席许家印

彭博社援引消息人士的说法称,中国最大房地产公司之一的恒大集团董事局主席许家印目前已被警方监视居住。消息一出,引起外界广泛关注。在中国房地产公司不断爆出债务危机的趋势下,有观察家指出,这一事件表明中国经济崩溃的多米诺骨牌倒下的速度正在加快。

彭博社的这条消息实质内容非常简短,只是提到许家印在本月早些时候就被警方带走,并被置于监视居住之下。报道中没有透露许家印被关押的具体地方,也没有解释警方到底是以什么名义将他带走,更没有说他已经被指控任何罪名。

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真的被抓了?

曾在中国长期从事房地产业的刘金星告诉本台,他不太相信这条消息,“它(这种做法)实际是跟现在大的政策环境相违背的。”

他分析说,恒大8月在美国纽约提起破产保护,这说明中国政府对恒大债务重组是给了一条出路的;并且中国也不想把这些房地产公司打碎,从中国现在的经济形势来看,也没有必要这样做。

“从国务院新一届的领导班子来看,对于保护民营经济的积极性,是在采取工作的;而许家印这些人其实是民营经济的标杆,大家在看着他们,”刘金星认为,如果真把许家印抓了,会在全社会的民营企业家群体中产生一种和政策相反的效应。

值得注意的是,就在两周前(9月16日),许家印下属的恒大金融财富管理深圳有限公司执行董事兼总经理杜亮在深圳被警方抓捕。几乎同一时间,恒大人寿原董事长、现已转任中融人寿代行董事长的朱加麟于9月17日被带走,目前处于失联状态。还有消息称,恒大集团前总裁夏海钧2022年回到中国就被“相关部门”控制起来,恒大集团前首席财务官潘大荣也被控制。财富杂志中文网就此指出,许家印手下四员大将都已被抓。

在这一背景下,许家印本人被警方监视居住,似乎并不显得特别突兀。前中国民营企业家胡力任向本台透露,他从恒大集团内部的职工处得知,许家印实际早已被控制,“现在消息说他被监视居住,实际就是被控制起来了。但他早就被控制了,几年前就被控制了,无法对外联系了,实际上早就失去自由了,就是从2021年开始的。”

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他认为,许家印这样的人被控制是很正常的,主要是怕恒大这样的大型企业涉及的债务问题引起金融波动,“(这些人)逃债、自杀,都有可能啊,还有资产转移,这些房地产商可能在全世界都有资产;把他们控制起来,至少可以把他们在海外的资产拿回来还债。”


图为位于深圳的恒大总部。2023年上半年,恒大净亏损人民币392.5亿元。(路透社图片)


无解的问题

作为中国最大房地产公司之一的恒大,其债务问题三年来屡见报端,在中国经济界引发强烈震动。早在2020年的9月,网上就流传着一份《恒大集团有限公司关于恳请支持重大资产重组项目的情况报告》,这份文件称,恒大债务率大幅攀升,恳请广东省政府支持其重大资产重组,否则恒大资金链断裂,将引发严重违约,产生金融系统性风险和社会风险。

当时恒大方面出来澄清,说这份文件是假的,辩称公司财务稳健,但市场都已相信,恒大已经深陷债务困境,在苦苦挣扎。后续有关恒大债务困境的消息果然接连不断。截至2022年底,中国恒大负债总额已经达到24374.1亿元人民币。

据路透社的最新消息,一些恒大集团的海外债权人表示,如果恒大不能在10月30日之前提出新的债务重组计划,他们将申请对恒大进行清盘。

但恒大的债务问题只是中国房企债务问题的冰山一角,除了恒大之外,碧桂园、花样年、佳兆业等等中国大型房地产公司,这几年也相继传出债务违约的消息。

房地产公司债务问题在这几年集中爆发,也牵扯出相关责任人的去向问题。目前身在美国佛罗里达州的胡力任告诉本台,许家印的处境并不奇怪,他所认识的多位国内房地产商都因为债务问题被控制;也有精明的房地产商早已出国,把资产转移出来,并且短期内不准备回去。

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美国华盛顿民间机构“信息与战略研究所”所长李恒青则指出,中国政府把许家印这样的房地产商控制起来的做法早已有端倪,但这对于挽救当前中国经济的危局并没有太大的作用,“系统性金融危机已经爆发了,骨牌现在是一个一个地倒,从去年到今年,关于中国的消息这么多,每天应接不暇,没有好消息,全是坏消息。”

他强调,许家印被监视居住衬托着中国经济严重下滑的背景,这只是经济向更坏情况发展的一个征兆,“这就是(经济)垮起来的时候,就像多米诺骨牌倒下在加速,所以现在实际没招。”


中国恒大集团标志(路透社资料图)


经济全局的问题

据国家统计局的数据,1—8月份,全国房地产开发投资76900亿元,同比下降8.8%;商品房销售面积73949万平方米,同比下降7.1%。并且可以看到,去年同期以来,房地产开发投资一直在下降,尤其是今年开年以来,每个阶段的降幅都比上一个阶段在增大。

与此同时,中国整体经济运行的状况也引起外界广泛担忧。据中国国家统计局的数据,除了刚刚过去的8月份实现正增长之外,全国规模以上工业企业利润从去年下半年以来连续下降,外界很多人认为中国经济可能还没有跌到底部。

刘金星认为,中国政府显然是知道经济出了问题,也显示出了要拯救经济的决心,但其经济手段可能未必有效,“就是过去四十年经济上的成功,他们太迷恋所谓宏观政策调控,他认为可以控制住。可是,这么大的经济体量,这种做法却未必是有效的。”

他强调,过去很多年中,中国政府把矛头对准房地产,对房地产进行多种调控,以及三年疫情期间进行的社会管控措施,这些原因才是导致房地产困局,以及经济下行的主要原因。趋势既已形成,虽然近来出台了一些房地产的利好政策,也未必会产生积极影响。

李恒青则担忧,经济下行的趋势继续下去,可能引发大规模的民变。

许家印与多名高层被拿下 当局对恒大收网

中国恒大集团主席许家印(中)、前首席执行官夏海钧(右)、首席财务官潘大荣(左)传都已被当局控制或带走。(中新社)


中国恒大集团主席许家印今天据报已被监视居住,他的得力助手也相继被带走调查,加上恒大的融资管道被官方堵住,债务重组也被搁置,显示中国当局对恒大开始收网,这座摇摇欲坠的金融帝国面临瓦解。

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彭博今天报导许家印已遭监视居住。陆媒观察者网引述知情人士证实该消息,并表示许家印现在位于北京的一处居所,已被限制部分行动自由。

中国社群21日盛传许家印被抓,他与保镳一度激烈反抗。许家印因此没有出席26日的恒大周例会,改由行政总裁肖恩主持。

陆媒财新英文网24日报导,中国恒大前首席执行官夏海钧、首席财务官潘大荣均已被控制或带走。夏海钧此前是恒大第二号人物。

据知情人士透露,中国恒大集团及其子公司的多名现任和前任高层已接受调查,当局正在调查这家陷入困境的企业集团是否违反资金使用规定。

消息人士称,潘大荣最近被中国大陆当局拘留,夏海钧在2022年中左右返回大陆后也对其实施了限制。两人均负责这家房地产巨头的财务业务,并于去年7月因涉嫌卷入银行存款丑闻而辞职。

在此之前,恒大集团前执行总裁柯鹏今年1月被警方带走调查。他涉及深圳的旧改项目,曾经被视为恒大最重要的“压舱石”。

恒大财富总经理杜亮等人16日被深圳公安采取刑事强制措施;恒大人寿前董事长朱加麟21日传出被调查。这两家公司都被视为许家印的“钱袋子”,为恒大自身或关联的项目提供融资。

陆媒钛媒体昨晚报导指出,夏海钧等人被有关部门控制,是一个非常明显的信号,说明相关部门对恒大的处置,或已到了收网的阶段,即使是以前离职的高管,也难逃其责。

报导指出,恒大的融资管道被堵上,债务重组也被搁置,显示当局开始收网。

中国恒大24日晚间公告称,鉴于恒大地产集团正被立案调查,目前的情况无法满足新票据的发行资格。

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报导指出,中国房企发行票据是有相关规定的,“境内企业境外发行证券和上市管理试行办法”第8条规定,存在五种情形不得境外发行上市,其中之一是“境内企业因涉嫌犯罪或者重大违法违规行为正在被依法立案调查,尚未有明确结论意见的。”

而恒大公告中提到“恒大地产集团正在被立案调查中”,是在今年8月16日收到中国证监会下发的立案告知书,因公司涉嫌讯息披露违法违规,中国证监会决定对恒大地产立案。

报导强调,其实恒大地产被立案调查后,恒大就知道不能发行新票据。无法发行新票据,就是没法再发债借钱,意味着从融资端堵住了恒大的输血管道,也意味着恒大境外债务重组或将以失败告终。

此前,恒大债务重组表决会议一再延后,9月22日直接告称,由于销售情况不如预期,债务重组会议将不会举行。

陆媒北向财经报导也指出,恒大财富负责人杜亮16日被警方采取强制措施;恒大债务重组会议22日被搁置;恒大24日公告无法满足新票据的发行资格,“如同三把利剑,每一把都直指恒大的命门。”

报导指出,短短一周时间,如此密集的动作,表明高层已经下决心要解决恒大的问题。许家印会迎来什么样的结局,其实答案早就已经明了,自从他手下3员大将被抓,一切就只是时间问题了。

报导研判,恒大金融帝国将轰然倒塌,累累废墟之下,是无数普通人的血汗,这一切应该有人负责。恒大的债务问题,极大机率将会以专案或者地区为个体,分拆解决。透过国资或者民企进入,拆分打包,最后分而食之。

来源: RFA/中央社

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The policy of La Compagnie, which was not posted online, required a doctor’s note for anyone more than 28 weeks pregnant. A last-minute midwife’s letter would not do.

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China warns overheated solar industry to cool the competition, curb backlash

Revised ministry guidance serves to pour cold water on a photovoltaic sector that is rife with overcapacity concerns.

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Hennessy Workers Strike Over Plans to Bottle Cognac in China

The walkout in France is the latest development in a simmering trade war between Europe and China.

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China’s consumption stimulus debate reignites with no clear answer

Better social welfare could increase financial security and encourage spending, while cash handouts could quickly lift consumption, economists say.

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How High School Graduates Can Improve Their Earnings Potential

New research shows that 73 “launchpad jobs” can help those without a four-year college degree advance and achieve higher pay.

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How family firms could be affected by Budget tax rises

Farmers have dominated the debate over changes to inheritance tax – but the issue is much wider than that.

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Archegos boss sentenced to prison over massive fraud

Hwang was found guilty of fraud in a case that cost Wall Street banks billions of dollars in losses.

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Tom’s of Maine Toothpaste Found to Have Bacteria During Inspection, F.D.A. Warns

The U.S. Food and Drug Administration issued a warning letter, but not a recall, after microorganisms were found in water samples and finished toothpaste products.

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Hyundai reveals all-electric Ioniq 9 three-row SUV

Hyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV a three-row, up to seven-passenger SUV for the U.S. market.

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Is nuclear power gaining new energy?

Countries around the world are building new nuclear power stations.

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China’s reforms should target ‘competitive’ state-ruled sectors: senior economic official

Han Wenxiu also stressed the need for breaking down market access barriers and the development of the private sector to advance Chinese-style modernisation.

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McDonald's preparing a 2025 'McValue' offering

In its most recent quarter, McDonald's reported earnings and revenue that topped expectations, but saw its same-store sales fall globally by 1.5%.

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Comcast's cable network spinoff may be a signal to the media industry for necessary change

Comcast may be proceeding with a transaction as a signal to the rest of the media industry that consolidation is necessary.

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Target shares plunge 21% after discounter cuts forecast, posts biggest earnings miss in two years

Target missed on earnings and revenue even as it cut prices on thousands of items, including milk, diapers and toys, to try to attract discerning shoppers.

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American Airlines to shame boarding line cutters with new technology

American Airlines plans to roll out the new technology to 100 airports across the country.

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Target Stock Plunges After Weak Earnings Report Ahead of Holiday Season

The retailer’s downbeat earnings report, which included lower profit and larger inventory, fell far short of Wall Street’s expectations.

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Utah Hockey Club is beefing up Salt Lake City's roster as a sports hub

The NHL's Utah Hockey Club is solidifying Salt Lake City as the next sports hub, with the help of a fast-growing economy and tech billionaire Ryan Smith.

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Comcast to spin off cable networks as subscribers flee the bundle

Comcast on Wednesday announced the spinoff of its cable networks, including CNBC, MSNBC and E!.

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Gary Wang, a Top FTX Executive, Is Given No Prison Time

Mr. Wang is the last close colleague of the FTX founder Sam Bankman-Fried to be sentenced for the fraud that caused the crypto exchange to collapse in 2022.

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Comcast to Spin Off MSNBC, CNBC and Other Cable Networks

The new publicly traded company is set to debut next year, with a bundle of channels that also includes Oxygen, E! and Syfy.

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What Trump’s Return Could Mean for Animals

A second Trump administration could alter the lives of all sorts of animals, whether they live in laboratories, zoos, fields or forests.

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How Howard Lutnick Could Shake Up Global Trade

President-elect Donald Trump’s pick to run the Commerce Department would have a big say on American industrial policy and tariffs.

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Delta expects higher profits thanks to high-end travel and 'resilient economy'

Delta, the most profitable U.S. airline, expects to expand capacity by no more than 4% year-over-year in 2025.

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Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.

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What to Know About Nvidia’s High-Stakes Earnings Report

Investors have high hopes for the chipmaker, the world’s most valuable company, which has enormous influence over the stock market.

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More tenants could be excluded from Right to Buy

The government wants to address the loss of social housing, but critics say more action is needed.

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TJ Maxx parent says holiday shopping is off to a 'strong start,' but its guidance tells another story

TJX Cos. is continuing to grow sales as competitors like Target and Macy's struggle to win over shoppers.

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Cleveland launches formal bid for a WNBA team

The Cavs said Thursday they and Rock Entertainment Group had formally submitted a proposal for a WNBA expansion team.

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The NHL has strict rules for how much teams can spend. Here's how it works

The NHL is one of two of the big four North American sports leagues with a hard salary cap.

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How Donald Trump’s Presidency Could Impact Retirement Rules

Readers had questions about individual retirement accounts, distributions and access to brokerage accounts if they moved away from the U.S. Here are some answers.

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A Travel Writer Remembers Arthur Frommer

The creator of the popular guidebook series, who recently died, not only democratized travel, but supported sustainable travel, before it got that name.

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Mike Tyson, Jake Paul fight was the most-streamed sporting event ever, Netflix says

Netflix said 108 million global viewers tuned in for the fight between Tyson and Paul, a major test for the streamer in the live sports realm.

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NHL looks beyond U.S., Canada for league growth

International expansion means more robust recruiting, a bigger audience and more revenue and sponsorship opportunities.

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Ford cuts 800 jobs claiming weak demand for electric cars

The move is part of a wider restructuring programme, which will see 4,000 posts closed across Europe.

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Faisal Islam: The cost-of-living crisis isn't over

Inflation is easing, but many people are still struggling to afford the basics.

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CNBC's Official NHL Team Valuations 2024: Here's how the 32 franchises stack up

The average NHL team is worth $1.92 billion, and recent transactions are commanding revenue multiples that rival deals done in the MLB.

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Four things the latest inflation figures tell us

The inflation rate has risen, putting pressure on people's finances and casting doubt on interest rate cuts.

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Trump’s Treasury Challenge: A Pick Who Loves Tariffs Yet Calms Markets

The president-elect is considering a conflicting mix of qualities as he decides who will steer his economic agenda.

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Wary of ‘vicious’ events, China makes migrant worker arrears a priority

Social harmony takes centre stage after high-profile killings, and China’s cabinet says the unpaid salaries of migrant labourers require political action.

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E.On to pay £14.5m to customers after bill error

The energy supplier agrees to pay after it failed to issue credit to customers cancelling contracts.

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Rising energy bills push inflation to highest for six months

Higher inflation pushes up the cost of living for households, and could mean that interest rates remain higher for longer.

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Parents of Israeli Soldiers Struggle With Ethics of Freezing Sperm

In Israel, the military is now offering to preserve the sperm of soldiers killed in war. Parents and widows are struggling with the decision.

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Chinese economist calls for balance between development, security in US rivalry

Zhang Ming of the Chinese Academy of Social Sciences calls excessive focus on security over development a ‘trap’ worth avoiding.

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Disney debuts its latest cruise ship, Treasure, as part of a plan to double its fleet by 2031

The Disney Treasure will make its maiden voyage in December, officially becoming the sixth ship in the company's cruise line.

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Men buy more from Lidl middle aisle, says boss

Ryan McDonnell said the middle of Lidl had a “big male following”.

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Northern Rail passengers hit out at 'rubbish' service

The struggling rail firm has come up with a plan to help it improve services.

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SpaceX Starship Launch Ends With a Dramatic Water Landing

President-elect Donald J. Trump joined Elon Musk, as his company’s prototype moon and Mars rocket carried out a sixth test flight that showed a mix of progress and setbacks.

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What makes China’s ultra-long ‘special bonds’ so special?

China has only issued its ultra-long-term government bonds in special circumstances – here’s why this year qualifies.

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The Onion’s Bid to Buy Infowars, Alex Jones’s Site, Is Being Contested

A hearing is scheduled for Monday to review the auction process, which is being contested by a losing bidder associated with Alex Jones, the Infowars founder.

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China’s retail rally in lower-tier locales tops big-city light spenders

People face less daunting financial pressures and lesser debt burdens in smaller Chinese cities, with relatively stable expectations about the future.

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SpaceX completes sixth Starship flight, splashes down both booster and spacecraft

SpaceX launched its sixth Starship test flight to date on Tuesday.

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Walmart hikes its outlook again as shoppers spend more outside the grocery aisles

The discounter will deliver its latest sales results as inflation cools and the holiday season heats up.

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At 17, She Just Passed the State Bar of California

Sophia Park is believed to be the youngest person to pass the California State Bar Exam, besting the previous record-holder: her older brother, Peter.

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Five Ways R.F.K. Jr. Could Undermine Lifesaving Childhood Vaccines

If he is confirmed as H.H.S. secretary, the longtime vaccine critic would be in a position to change the government’s immunization recommendations and delay the development of new vaccines.

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CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices

The complaint is the latest move in a bitter legal fight between the U.S.'s three largest so-called pharmacy benefit managers, or PBMs, and the FTC.

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How Trump’s Tax Cuts and Tariffs Could Turn Into Law

Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.

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Stellantis delays Ram electric pickup truck until 2025

Stellantis is delaying the launch of its Ram electric pickup truck from this year until the first half of 2025.

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Trump Picks Howard Lutnick for Commerce Secretary

The billionaire executive and leader of President-elect Donald J. Trump’s transition team will be charged with promoting U.S. industry and overseeing technology controls on China.

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Walmart may have to raise some prices if Trump tariffs take effect, CFO says

The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.

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Walmart Stock Rises on Strong Earnings Ahead of Holiday Shopping Season

The bellwether retailer reported higher-than-expected sales in its latest quarter and upgraded its forecast for the rest of the year.

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UK's largest retailers warn Budget will lead to job cuts

Retail firms have written to the chancellor to say they cannot manage rising costs and tax bills.

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Severing of Baltic Sea Cables Was ‘Sabotage,’ Germany Says

Germany’s defense minister said damage to two fiber-optic cables on the sea floor appeared deliberate, but a culprit was not known.

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Brazilian envoy says Chinese new energy investments welcome

Brazilian diplomat says country’s ‘huge’ potential in new energy makes it an appealing venue for Chinese investment.

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Is the Biden Administration Coming for Chrome?

The Justice Department is reportedly targeting Google’s web browser as its antitrust enforcers seek to cement a major win before Donald Trump takes office.

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Baby boon: far-flung Chinese county splashes cash to boost births

Researcher questions where the money will come from, as well as the sustainability of subsidies amid China’s falling birth rate.

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At COP29, Tourism Gets Its Day. How Has It Fared With Climate Goals?

The tourism industry will be officially recognized at COP29 on Wednesday. Industry leaders signed a climate accord in 2021 to make travel more sustainable, but the results so far are meager.

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Amid property crisis, China must shift from ‘availability’ to ‘quality’, premier urges

Latest comments show how China’s leadership aims to ‘leverage technology’ and embrace modern advancements to fuel urbanisation drive and boost economy.

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Robots Struggle to Match Warehouse Workers on ‘Really Hard’ Jobs

The machines can load and unload trucks, move goods and do other repetitive tasks but are stymied by some, like picking items from a pile.

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China’s stimulus lifts tax revenue for first time this year after policy shift

China’s fiscal revenue rose by 5.5 per cent year on year in October, consolidating a turnaround in September.

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Trump’s new China tariffs could give potent, brief boost to Southeast Asia

Though China tariffs would make factories in Vietnam or Thailand more appealing, analysts said other restrictions could wipe out those gains.

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Chocolate makers stoke boom for Indian cocoa beans

India produces only a tiny fraction of the world's cocoa beans, but that could be changing.

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SpaceX Starship’s Sonic Boom Creates Risk of Structural Damage, Test Finds

An independent researcher found that noise recorded miles away from the site of a recent test flight was equal to standing 200 feet from a Boeing 747 during takeoff.

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Spirit Airlines Files for Bankruptcy; Lost $2.2 Billion in 5 Years

The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.

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What the Spirit Airlines Bankruptcy Could Mean for Travelers

Flights will still take off and travelers can keep booking tickets, the low-cost carrier said, as the company enters Chapter 11 bankruptcy.

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‘Morning Joe’ Hosts Reveal Meeting With Trump at Mar-a-Lago

The MSNBC hosts Mika Brzezinski and Joe Scarborough met with Donald Trump last week in Florida in an effort “to restart communications.”

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Associated Press to Cut Staff by 8%

The reductions come just two weeks after Election Day, when The A.P. played a key role in calling races across the United States.

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How Trump’s Plans for Mass Deportations, Tariffs and Fed Could Affect the Economy

Economists are trying to guess at how Trump policies could affect growth and inflation. The uncertainties are huge.

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Gold Watch, a Gift From Titanic Survivors, Sells for Nearly $2 Million

The gold watch was given to the captain of the Carpathia, the ship that responded to the Titanic’s distress call and rescued hundreds of people.

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The Race to Lead Trump’s Treasury Dept. Is Becoming a Cliffhanger

Howard Lutnick? Scott Bessent? Marc Rowan? Kevin Warsh? The president-elect’s list of candidates has grown longer, clouding the future of the department.

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China’s vice-premier pushes trade resilience amid US tariff threat

He Lifeng also pushed for smart transition and integrated development of regional ports in Guangdong province on Sunday.

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BYD to overtake Volkswagen ventures as China’s top producer amid surge in EV deliveries

BYD’s total deliveries have exceeded perennial leader Volkswagen’s volume this year through October.

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China-Russia gas pipeline completed, set to power Shanghai by end of 2024

Final section of the east-route natural gas pipeline between China and Russia completed seven months ahead of schedule.

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China’s youth-jobless rate hovers above 17% for fourth consecutive month

Unemployment rate for the 16 -24 age group, excluding students, stood at 17.1 per cent in October.

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China to address world’s overcapacity concerns by cutting export-tax rebate

Move seen discouraging vicious low-price competition and outsized industry expansions, and Chinese manufacturer profits could take a hit.

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China’s consumption key to future growth as Trump tariff threat looms, economist says

The country has moved on from a construction and property-driven model, according to Zhang Yansheng.

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Low-altitude economy’s ambitions collide with lack of drone pilots

Training programmes becoming increasingly popular as more job opportunities open up for UAV operators.

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China’s new drug approvals take market scale beyond US$13 billion as innovation picks up

China has already approved nearly thrice the number of innovative drugs than in the 13th five-year plan, Shanghai forum hears.

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China’s lonely-heart crisis fuels a growing ‘companionship economy’

As Chinese society becomes more atomised, consumers devoid of human interaction are increasingly opening their wallets to stave off loneliness.

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Second-generation boss charts new course for Chinese agribusiness

Liu Chang says her parents’ generation enjoyed more entrepreneurial advantages but companies can still find opportunities.

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Social media skits encourage Americans to sip Chinese tea

American fan of Chinese crosstalk comedy finds that cultural connection helps attract customers to online teahouse.

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China’s stimulus boosts retail sales, GDP hopes amid debt relief concerns: 5 China economy stories

October data shows retail sales improvement and easing unemployment, but concerns remain over Beijing’s stimulus efforts. Here are five economy stories.

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China’s C919 order backlog raises urgency for foreign-part acquisitions, new suppliers

Officials hope to eventually source hi-tech plane components domestically to drive industrial self-sufficiency, but for now overseas producers are essential.

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China’s first-wave tycoons are retiring. Are their kids ready to step up?

As China’s first-generation entrepreneurs reach old age, their companies grapple with succession dilemmas and a new business landscape.

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China’s tax man is coming for live-streamers who evade taxes as local economies struggle

Huge fines are being imposed on high-profile internet celebrities and streaming hosts, as state authority says they must set a positive example for fans.

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Former US trade official says China relations must ‘get back on track’

A former US Trade Representative lamented the state of US-China relations and called for restraint at a forum in Hong Kong.

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Jobs at China’s foreign firms drop to 14-year low amid fears of further cuts

The number of people employed by foreign companies in China fell 15 per cent last year, dipping below 10 million for first time since 2009.

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‘Little room for complacency’: 6 takeaways from China’s October economic data

China’s retail sales continued to improve in October following a raft of stimulus policies, but property investment remained a drag.

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Could rare earth recycling relieve China of a trade trump card?

Harvesting and recycling rare earth minerals can be ramped up faster than new mines, new report says.

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China’s new home prices slow 17-month decline after support measures kick in

Prices across 70 cities fell for the 17th month in October, but at a slower pace, suggesting support measures may be stabilising the market.

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China’s stimulus lifts retail sales, GDP target hopes, but ‘decisive support’ urged

China’s retail sales continued to improve in October following the raft of stimulus policies, but property investment remained a drag.

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Europe's flying taxi dreams falter as cash runs short

Makers of a new generation of European electric aircraft are struggling to raise money.

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With China’s C919 flying high, factory visits aim to replicate Boeing’s branding success

Taking a page out of rivals’ playbooks, China’s Comac wants to turn its Shanghai plane factory into a tourism hotspot.

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China-Russia trade set to hit new highs, but Trump factor, payments cloud outlook

US president-elect Donald Trump’s return and prolonged financial sanctions could complicate trade between Russia and China.

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Chinese start-ups take the plunge to clean up in America’s backyards

Manufacturers of robotic pool cleaners seek to emulate China’s electric vehicle success story while keeping an eye on tariff threats.

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China’s 10 millionth EV rolls out, as makers set sights on exports to digest overcapacity

Chinese EV makers have delivered 9.75 million units to mainland buyers between January and October, a year-on-year jump of 34 per cent.

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China’s job market braces for record number of fresh graduates next year

Ministry estimates that number of university graduates next year will hit a record 12.22 million.

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China’s luxury market loses shine as Bain study shows spending decline

China’s high-end consumers have had a tighter grip on their wallets this year, with study from Bain & Company showing less luxury spending.

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Why Canada could become the next nuclear energy 'superpower'

With its rich resources, uranium mining companies want Canada to play a key role in fuelling nuclear reactors worldwide.

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An energy efficient home - why is it so difficult?

It can be hard to find good advice on how to make homes more energy efficient.

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'I was moderating hundreds of horrific and traumatising videos'

The BBC speaks to social media moderators, whose job it is to find and remove distressing and illegal content.

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Are luxury beauty advent calendars a rip-off?

They can cost hundreds of pounds, but are these products actually worth the money?

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Up close with the 300 tonne driverless trucks

Big mining firms are switching to driverless trucks and other autonomous equipment.

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Moldova cleans up its act to attract foreign businesses

Deputy PM admits former Soviet state was until recently a 'highly corrupt country' - but insists things are changing fast.

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Why colouring clothes has a big environmental impact

Start-up firms are looking for ways to dye clothes using less water and heat.

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The environmental campaigners fighting against data centres

A growing global movement is seeing people object to data centres in their locality.

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The house paints that promise much more than colour

Paints now promise to make your house cooler, warmer, or simply peel off.

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