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Business 02 Apr 2021 | 7:00 AM

Evergrande’s goal to cut US$100bil debt hinges on stock sales

SHANGHAI: China Evergrande Group’s target for cutting its US$100bil (RM414.75bil) in debt hinges on more profit-squeezing property price cuts and aggressive equity fundraising from its non-core businesses.

Football 20 Mar 2021 | 7:25 PM

Chinese FA chief says salary caps needed for sustainable development

(Reuters) - Chinese Football Association (CFA) president Chen Xuyuan has said introducing salary caps will help its professional leagues avoid "complete failure" and warned clubs of penalties if they violate the rules coming in next season.

Business 04 Mar 2021 | 7:00 AM

Personal wealth of billionaires up 32% in 2020

SHANGHAI: Despite the Covid-19 pandemic, billionaires across the world saw their wealth rise by 32% to US$14.7 trillion last year, with individuals from China dominating the rankings, a new study has said.