“Willingly or not, China is transitioning away from growth led by property and local government, which is a painful process.” …
China’s economic recovery is built on increasingly shaky foundations and that could affect the whole world
China is trying to revive its economy to reach pre-COVID heights but future growth rates might be closer to developed economies like the US and UK.
Hong Kong’s Kerry Properties wins downtown Shanghai land tender for US$1.25 billion
The site in Shanghai’s central Huangpu district is next to a parcel it acquired for US$1.86 billion in January last year and will form phase 2 of a larger project, Kerry says in exchange filing.
Chinese student alleges rape by Ritz-Carlton Maldives hotel butler
A Chinese student alleges she was raped by a hotel butler at a luxury resort in Fari Islands in Maldives. She was allegedly on a solo trip in mid-June, according to …
Cyprus links to Russian money back in limelight
Cyprus contentious dealings with Russian money came to the fore again on Tuesday after an OCCRP investigation cited a US official describing the island as a “little black box” for Russians that viewed …
(LEAD) S. Korea to freeze Q3 electricity rates amid mounting public burdens
South Korea’s state power firm said Wednesday it will freeze electricity rates for the third quarter in a move to ease the burdens on people following two consecutive quarters of hikes. The planned …
Weakening Global Property Market Needs to Watch Out for
The weakening of the global property market needs to be anticipated by property sector players in the country by responding to the challenges of the domestic market. Related to that, economic growth …
Foreign investors struggle to conclude fruitful real estate M&A transactions
Foreign investors are growing enthusiastic about Vietnamese real estate, yet there are few successful deals. Jones Lang Lasalle Group (JLL) announced on June 14 that it has effectively advised on the …
India Could Really Show World How To Do It Right: American Economist Romer On Modi’s US Visit
Prime Minister Modi arrived in the United States as part of his four-day historic State visit on Tuesday and met a galaxy of leaders from various walks of life, including Tesla CEO Elon Musk, , india, …
China’s Luxury Home Sales Soar in First Five Months, But Fail to Lift Property Market
Sales of high-end homes priced between CNY10 million (USD1.4 million) and CNY30 million surged 45 percent in the five months ended May 31 from a year ago, according to statistics from real estate …