MARKET
China imposed anti-monopoly fines on tech firms including Alibaba, Tencent
China’s top market regulator on Sunday imposed fines on a number of technology firms including Alibaba Group and Tencent Holdings for failing to comply with anti-monopoly rules on the disclosure of transactions.
Property developer Ronshine China missed bond payments
Chinese property developer Ronshine China has failed to make $27.9 million of interest payments on its June 2023 and December 2023 notes.
IEA warned over China’s domination of global solar panel markets
China’s domination of global solar panel markets has resulted in a vulnerable supply chain that threatens to become too reliant on the country, the International Energy Agency warned in a report.
China resumes train tourist tours as Covid outbreaks ease
China’s Ministry of Culture and Tourism on Thursday said train tourist tours will be resumed in a bid to boost cross-provincial travel, though relevant tour operators must be subject to the circuit breaker mechanism.