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Shanying International: Guangdong Shanying has normal production and operation and is not affected by flood disaster
Putin will soon visit Central Asia and attend the Caspian summit, which is the first visit since the conflict between Russia and Ukraine
China Evergrande: it is expected to announce the preliminary restructuring plan at the end of July
Harbin housing and Urban Rural Development Bureau organized and held a working meeting on handling the risk of overdue delivery and uncompleted tail of Evergrande real estate project
Evergrande real estate was enforced for another 4.183 billion yuan
The central bank convened a meeting between financial institutions and 12 real estate enterprises, involving the rescue of M & a business
Evergrande's resumption rate reached 95%
Guoguang Electric: the net profit in 2021 increased by 6.458 yuan on a year-on-year basis
An Industry Built on Debt
Real estate has long been the stimulus behind China's rapid economic development. House-buying became an investment as prices soared, thus resulting in overbuild. Evergrande's downfall signals the halt on China's reliance on its real estate sector as the country seeks to regulate and strengthen the economy and its foundation.
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Guangdong: promote the pilot settlement of digital RMB in Guangzhou
German military spending is expected to reach the target of accounting for P2% of GDP by 2022
Wanhe Electric: the customers of "single withdrawal of bad debt reserves" receivable are mainly Hengda, which has not withdrawn in full
Evergrande withdrew from Guangzhou Nansha Evergrande children's world project and was taken over by Minmetals Group, a central enterprise
Evergrande withdrew from Dongguan Evergrande Yuelong garden project and Everbright Group took over
Xu Jiayin: Hengda will continue to operate the football business
Hang Seng Index Company: Evergrande property was excluded from the Hang Seng China enterprise index.
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