Economic developing countries news coverage

Chinese Embassy in the UK hosted a reception to mark the 75th anniversary of the founding of the People’s Republic of China on Wednesday last week . H.E. Ambassador Zheng Zeguang delivered the keynote speech, while Parliamentary Under-Secretary Catherine West, representing the UK government, also addressed the gathering. The event was attended by more than […]

PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of clients darken business prospects. Reuters says The move follows Chinese regulators’ scrutiny of PwC this year for its role as the auditor of troubled […]

European governments may be wary of budget Chinese electric vehicles flooding their markets but they’re also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. Reuters said While the European Union investigates China’s auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own […]

According to Reuters reports, a Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group (3333.HK), opens new tab, dealing a fresh blow to confidence in the country’s fragile property market as policymakers step up efforts to contain a deepening crisis. Justice Linda Chan decided to liquidate the world’s most indebted developer, with more than […]