Your Friday Briefing

Good morning. We’re covering the Olympics, the W.H.O.’s call to further investigate the pandemic’s origins and more flooding destruction in China. The Olympics open amid fear and controversy In 1964, the last time Japan hosted the Games, the country was riding high on postwar optimism and economic development. This year, the Games are essentially closed […]

China Evergrande slumps as investor worries deepen

SHANGHAI (Reuters) – Shares and bonds in China Evergrande, the country’s most indebted developer, plunged for a second day on Tuesday, after sales of two real estate projects were suspended by local authorities, escalating worries over its financial health.FILE PHOTO: A logo of China Evergrande Group is displayed at a news conference on the property […]

A human case of bird flu is reported in China.

A man has been hospitalized in southwestern China after contracting the H5N6 strain of avian flu, Chinese state news media reported on Thursday, a reminder that the world is full of flu viruses even during a coronavirus pandemic. The man, 55, was hospitalized in Bazhong, a city in the southwestern province of Sichuan, after coming […]

China Evergrande cut by Moody's despite debt progress

HONG KONG (BLOOMBERG) – China Evergrande Group’s credit rating was cut by Moody’s Investors Service, the second downgrade by a global ratings company in less than two weeks. Moodys lowered the grade by one notch to B2, it said in a statement on Wednesday evening (June 30). “Although Evergrande has been reducing its debt to […]

With Sale to Blackstone, China’s Property Power Couple Cements Exit

The husband-and-wife team atop Soho China had already been keeping a lower profile than they did during an earlier, freer era of the country’s economic revival. By Raymond Zhong China’s economy is on a tear. Factories are humming and foreign investment is flowing in. Even so, the wealthy and powerful people atop some of the […]