China's Shimao sells stake in joint venture company to reduce debt

China's Shimao sells stake in joint venture company to reduce debt

24/1/2022 5:48:00 PM

China's Shimao sells stake in joint venture company to reduce debt

Chinese real estate company Shimao Group Holdings said on Monday it would sell a 26.67per cent stake in the joint venture Guangzhou Lihe Property Development for 1,844.5 million yuan ($291.48 million) in order to reduce its debt. ($1=6.3280 Chinese yuan renminbi) (Reporting by Tejaswi Ma

Read more: CNA »

U.S. suspends 44 U.S flights by Chinese carriers after China actionWASHINGTON (Reuters) -The U.S. government said on Friday it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government's decision to suspend some U.S. carrier flights over COVID-19 concerns. The suspensions will begin on Jan. 30 with Xiamen Airlines’ scheduled Los Angeles-to-Xiamen flight and run through March 29, the Transportation Department said. The decision will cut some flights by Xiamen, Air China, China Southern Airlines and China Eastern Airlines.

Can the big cats survive the human assault?: China Daily contributor

China warns of air pollution risk during Beijing Winter GamesBEIJING: Chinese authorities will take action against polluters to ensure next month\u0027s Winter Olympics will be held in a \u0022good environment\u0022, an environment ministry spokesman said on Monday (Jan 24), as particularly heavy smog shrouded the capital, Beijing. The Feb 4-20 Games will be held in Beijing a

China warns of air pollution risk during Beijing Winter Games(This story refiles to correct grammar in paragraph two.)BEIJING : Chinese authorities will take action against polluters to ensure next month's Winter Olympics will be held in a 'good environment', an environment ministry spokesman said on Monday, as particularly heavy smog shrouded the capital, Beijing

China warns of air pollution risks during Beijing Winter GamesBEIJING : Weather conditions ahead of the Beijing Winter Olympics at the start of February are 'very unfavourable' when it comes to air quality, China's environment ministry spokesman Liu Youbin warned on Monday. Beijing and the surrounding province of Hebei, both prone to smog in winter months, will tak

China property sector could see 'significant' policy easing: BNP ParibasNEW YORK: China\u0027s real estate sector will likely see \u0022significant easing\u0022 in the policies that govern it, BNP Paribas Asset Management said, months after starting to build a long position in that sector\u0027s debt. \u0022We are of the view that we are at a major inflection point in terms of policy and we are likely

FILE PHOTO: A man walks past a wall carrying the logo of Shimao Group, with residential buildings and the financial district of Pudong seen in the background, in Shanghai, China January 1, 2013. Picture taken January 1, 2013. REUTERS/Stringer 24 Jan 2022 10:36PM