The liquidators of China Evergrande Group have received non-binding indicative offers for the developer’s majority stake in its property management arm, and potential bidders will be invited to submit final offers as soon as November, a filing showed, Reuters reported. Evergrande’s liquidators control a 51.016% holding in Evergrande Property Services Group according to the filing by the unit on Thursday. Evergrande Services had a market value of about HK$9.95 billion ($1.28 billion) before the announcement, LSEG data showed.
Read more
Beijing has warned Mexico to think twice before moving ahead with a plan to raise tariffs that could hurt Chinese automakers, saying it would retaliate against the measure, the Wall Street Journal reported. “At a time when the U.S.’s abuse of tariffs has sparked widespread global opposition, countries should strengthen communication and coordination to jointly safeguard free trade and multilateralism, and must not sacrifice the interests of third parties due to coercion,” a Chinese commerce ministry spokesperson said in a statement released late Thursday.
Read more
China's central bank said on Friday it plans to better regulate cross-border yuan financing between banks, and promote offshore use of the Chinese currency, Reuters reported. China is ramping up the pace of yuan globalisation as Beijing seeks to reduce its reliance on the U.S. dollar amid simmering trade and geopolitical tensions with Washington. The People's Bank of China (PBOC) said in draft rules that it will introduce a counter-cyclical mechanism to manage cross-border, interbank yuan financing.
Read more
China will roll out a three-month nationwide campaign to curb online misconduct in the auto industry, aiming to foster fairer competition in the country’s rapidly growing new energy vehicle (NEV) sector, according to a notice released on Wednesday by the Ministry of Industry and Information Technology, China Daily reported.
Read more
Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States, Reuters reported. The Economy Ministry said that the moves, which will increase tariffs to varying degrees on goods across multiple sectors including textiles, steel and automotive, would impact $52 billion of imports.
Read more
China’s deflationary pressures persisted in August, with a gauge of consumer prices slipping back into contraction as an uncertain growth outlook dents sentiment, the Wall Street Journal reported. The country’s consumer-price index fell more than expected last month, underlining worries that deflation may be becoming entrenched. Data from the National Bureau of Statistics showed that the index fell 0.4% from a year earlier in August after being flat in July.
Read more
China has racked up a $60 billion trade surplus with Africa so far in 2025, nearly surpassing last year’s total, as Chinese companies redirect trade to the region while President Trump’s tariffs crimp the flow of goods into the United States, the New York Times reported. Through August, China exported $141 billion worth of goods and services to Africa, while importing $81 billion, according to data released by the Chinese government on Monday.
Read more
Chinese lawmakers have begun reviewing a draft revision to the Enterprise Bankruptcy Law, as part of efforts to improve the market exit system, Xinhau reported. The draft revision to the law was submitted on Monday to the ongoing session of the Standing Committee of the National People's Congress, for its first reading. The draft introduces a relatively comprehensive revision to the current law, with more than 160 provisions newly added or revised.
Read more
China’s exports grew at a slower-than-expected pace last month as the boost from a trade truce with the U.S. waned, the Wall Street Journal reported. Outbound shipments rose 4.4% from a year earlier in August, down from a 7.2% increase in July, the General Administration of Customs said Monday. Chinese imports climbed 1.3% during the month, according to the customs bureau. That compared with July’s 4.1% increase and the 1.8% rise expected by the economists surveyed.
Read more
China's investors borrowed a record $322 billion to buy stocks this year, but sharp corrections this week and heightened regulatory scrutiny to cool overheated markets are now making them jittery about the leveraged bets, Reuters reported. While risks for China's broader financial system have been elevated for months due to deflation in the economy and a persistent property debt crisis, the stock investors' recent actions could add more pressure. Outstanding margin financing in China, a key gauge of sentiment and leverage level, hit a record 2.3 trillion yuan ($321.55 billion) this week.
Read more