A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
Tag: Regulation and Deregulation of Industry
N.Y.C.’s Workplace Vaccine Mandate Goes Beyond Those in U.S.
Most local vaccine mandates in the U.S. have been limited to public-sector workers and certain other groups like health care workers or teachers.
Didi of China Moves to Delist From New York Stock Exchange
The ride-hailing giant made an abrupt shift as officials in Washington and Beijing have grown increasingly skeptical of Chinese corporate access to Wall Street’s money.
A Game Designer in Beijing Bought Toy Guns. China Imprisoned Him.
San Cheng bought toy guns online as props for video game design. Then the police arrived, and he was jailed under China’s strict but messy gun laws.
Counterfeit Covid Masks Are Still Sold Everywhere
Rising Covid cases have spurred a return to mask-wearing in the U.S. and overseas, at a time when flawed KN95s from China continue to dominate e-commerce sites.
Climate Promises Made in Glasgow Now Rest With a Handful of Powerful Leaders
In Washington, Beijing, New Delhi and beyond, governments face conflicting forces — political, social and economic — that will shape their next steps in the effort to avert a climate crisis.
Brexit Brain Drain Delivers Financial Boon to Estonia
The former Soviet satellite state is welcoming British companies looking to escape the tangle of regulations and financial obstacles of doing business in Europe.
The U.K. Approves Merck’s Covid Pill
The British authorities said that the antiviral drug was “safe and effective” in reducing the risk of hospitalization and death for those at increased risk of severe symptoms.
Covaxin, Vaccine Developed in India, Gets W.H.O. Clearance
The vaccine is the eighth coronavirus vaccine to receive the global health body’s green light.
Home Buyers Who Went All In on Evergrande Now Want Out
China Evergrande Group’s financial troubles, and the government policies that helped push it to the brink of collapse, have threatened an important economic driver: home sales.