Category: Fortune Global 500

Unfinished Buildings in China Put Trillions of Chinese Bank Loans at Risk

August 16, 2022
ChinaChina Business & Economychinese bank loansChinese property developersdebt crisisevergrandeFinance & Business TiesFortune Global 500mortgage strikereal estate marketSpecial Topicsunfinished buildings
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Amid the real estate debt crisis, China Evergrande Group and two other Chinese property giants have fallen from the 2022 Fortune Global 500, reducing the number of Chinese property developers to five from eight last year. Fewer Chinese developers in the Global 500 reflect the collapsing Chinese real estate market as domestic demand and home…

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More Fortune Global 500 Companies Pulling out of China

September 16, 2021
Business & EconomyChinaChina Business & EconomyEricsson NanjingFortune Global 500Samsung Heavy NingboToshiba Dalian
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More foreign Fortune Global 500 companies such as, Samsung, Toshiba, and Ericsson, are speeding up withdrawal from China in September, and thousands of workers are facing unemployment. South Korean shipbuilder Samsung Heavy Industries Co. (Samsung Heavy) is carrying on the capital withdrawal from its Ningbo, Zhejiang Province shipbuilding plant “due to decreased productivity caused by…

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