China & United States

Cybersecurity/ Evergrande/ Covid/ Environment/ Hong Kong

Macroeconomics
308 Views, 07 Jan 2022 21:23
EXECUTIVE SUMMARY
  • The Cyberspace Administration of China set new rules requiring platform companies with data on more than one million users to undergo a security review before listing their shares overseas.
  • Evergrande, the world’s most indebted developer was last week ordered to demolish 39 buildings of its flagship property project on Ocean Islands, for breaching building approval procedures.
  • After a spike in Covid cases, China’s tough lockdown of the city of Xi’an has confined 13 million people to their homes and shuttered businesses.
detail (6-minute read)
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Diana Choyleva
Chief Economist
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