Bloomberg China is starting the second round of projects in its massive desert renewable build-out just months after President Xi Jinping unveiled the scheme. The National Energy Administration (NEA) has asked provinces to submit a list of the second batch of projects by December 15, according to a report from China Wind Power News, citing an NEA notice. Each individual ...

Bloomberg Trust firms that have issued at least $5 billion in high-yield products linked to China Evergrande Group are bracing for a cascade of losses after the cash-strapped developer said it may no longer be able to meet its financial obligations. At least three firms, including Citic Trust Co, China Foreign Economy and Trade Trust Co and National Trust, notified ...

Bloomberg Myanmar’s military regime reduced Aung San Suu Kyi’s jail term to two years after a special court found her guilty in her first trial since her ouster in a February coup and sentenced her to four years in prison, according to a statement on the state broadcaster MRTV. Suu Kyi will serve her sentence at her current location thus ...