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Posted on July 4, 2022

India’s shortest-serving PM Gulzarilal Nanda spurned Congress, wanted no part in ‘power game’

Nanda’s anti-corruption stance remained unhinged-a trait that is hardly considered expedient in politics. He became the target of many Congress members.

( read original story …)



Posted on July 4, 2022

BA.2.75 — new Covid variant detected in India a mystery, but could ‘have immune-escape property’

This Omicron sub-lineage may have increased ability to infect people who’ve been infected before, or are vaccinated, according to some scientists. However, there’s no govt data on this.

( read original story …)



Posted on July 4, 2022

Chinese real-estate developers are accepting wheat, garlic, and peaches as down payments for properties as the market slumps and bond defaults mount

“We are helping farmers with love, and making it easier for them to buy homes,” said Central China Real Estate.

( read original story …)



Posted on July 4, 2022

Here’s what China’s real estate debt crisis could mean for Asia junk bond investors

China’s real estate bonds have been key to driving the performance of Asia junk bond funds, but this sector’s market share has plummeted recently.

( read original story …)



Posted on July 4, 2022

Chinese property developer Shimao misses repayment on $1 billion bond

The missed payment by the sixth-largest issuer among Chinese developers is the latest blow to the country’s embattled property market.

( read original story …)



Posted on July 4, 2022

China Completes Construction of $160 Million Parliament in Zimbabwe, to be Given to the Country as a Gift

China gifts Zimbabwe with a $160 million parliament building in the capital of Harare which has gotten many people wondering about the true intentions of China …

( read original story …)



Posted on July 4, 2022

How China’s Property Developers Got Into Such a Mess

Construction and property sales have been the biggest engines of economic growth since President Xi Jinping came to office a decade ago. Home prices skyrocketed — surging sixfold over the past 15 …

( read original story …)



Posted on July 4, 2022

China wants to control how its famous livestreamers act, speak, and even dress

Livestreaming took off in China in 2016 and has since become one of the nation’s favorite ways to spend fragments of free time, with 635 million viewers. Top livestreamers command audiences in …

( read original story …)



Posted on July 4, 2022

China property managers escape sector blues

Despite China’s property sector being engulfed in a crisis, a portion of the industry is thriving, leading to some optimism about improving liquidity for the rest of the market. “Property development …

( read original story …)



Posted on July 4, 2022

China real estate firm misses $1B bond payment

Chinese real estate development company Shimao Group Holdings Ltd. revealed on Sunday that it was not able to repay offshore bonds totaling over $1 billion even though they matured on July 3.

( read original story …)



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