The pain is only just beginning, according to Charlene Chu, a former Fitch Ratings analyst known for her warnings about China’s debt risks. “We’ve got a property sector that …
Chinese Property Developers Slide Amid Mounting Home-Buyer Discontent
By Clarence Leong Shares of Chinese property developers declined sharply Thursday morning in Hong Kong following reports that home buyers across the …
Chinese Property Developers Slide Amid Mounting Home-Buyer Discontent
By Clarence Leong Shares of Chinese property developers declined sharply Thursday morning in Hong Kong following reports that home buyers across the …
China banks, property stocks slump as more homebuyers stop mortgage payments
Over the past weeks, a rising number of homebuyers have collectively threatened to halt mortgage payments to banks if developers do not resume construction of pre-sold homes, according to official …
China banks, property stocks slump as more homebuyers stop mortgage payments
Over the past weeks, a rising number of homebuyers have collectively threatened to halt mortgage payments to banks if developers do not resume construction of pre-sold homes, according to official …
Will China’s ‘zero-Covid’ policy thwart its plan for infrastructure-fuelled stimulus?
While the US central bank aggressively tightens monetary policy, China is going back to its old playbook of stimulus via public investment However, the tensions between Beijing’s public health …
Will China’s ‘zero-Covid’ policy thwart its plan for infrastructure-fuelled stimulus?
While the US central bank aggressively tightens monetary policy, China is going back to its old playbook of stimulus via public investment However, the tensions between Beijing’s public health …
China Readies $1.1 Trillion to Support Xi’s Infrastructure Push
China is making 7.2 trillion yuan ($1.1 trillion) in funds available for infrastructure spending, a decisive shift away from a focus on controlling debt toward supporting a lockdown-ravaged …
Disgraced President Flees to Maldives and Gets Worst Welcome Ever
Sri Lankan President Gotabaya Rajapaksa was in for another rude awakening when he took refuge in the Maldives.
Dilapidated Lebanon pool treading water
With the voters shooting down a bond measure that would have repaired the pool, officials are now pondering, what’s next? How long will the pool last?