China’s property sector, once a pillar of growth, has slowed sharply this year as the government sought to restrict excessive borrowing by developers. The clampdown has triggered falls in property sales and prices, bond defaults and the suspension of housing construction, angering homeowners which have threatened to stop mortgage payments. 由于政府试图限制开发商过度借贷,一度是增长支柱的中国房地产行业今年大幅放缓。 这项禁令引发了房地产销售和价格下跌、债券违约和房屋建设暂停,激怒了威胁停止抵押贷款还款的房主。
While the U.S. is the world’s largest cumulative carbon emitter, China is quickly catching up as the largest annual emitter. Last year, when China submitted its updated climate goals under the Paris accords, expertswere disappointedthat it recycledpreviously announced targets— committing only to peak emissions “before 2030.” That target directly conflicts with the Paris Agreement ambition of limiting global temperature rise to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over preindustrial levels. Meeting that goal would require the world to cut its emissionsin half from 2019 levels by 2030
There were no new market-boosting initiatives from the Communist Party congress, where Xi Jinping, the most powerful leader in decades, gained a free hand in setting policy. The ruling party named a seven-member Standing Committee made of Xi’s allies and dropped supporters of free enterprise like Premier Li Keqiang, the party’s No. 2 before the party’s once in five years congress.
Xi wants a bigger Communist Party role in business and technology development. That has prompted warnings tighter control of entrepreneurs who generate jobs and wealth will depress growth that already was in long-term decline.
Global investors dumped Chinese assets on Monday as Xi Jinping’s new leadership team raised fears that growth will be sacrificed for ideology-driven policies. 全球投资者周一抛售中国资产,因为习近平新领导班子担心经济增长将因意识形态驱动政策而牺牲。
As the Financial Times(Opens in a new window) reports, all American employees working in core tech positions at YMTC are being forced to leave the company. A person briefed with what’s happening inside the company said, “Asking staff to resign is necessary for the company and the right move for employees’ personal risk as well.”
Chinese technology stocks tanked Monday after a political reshuffle in the world’s second-largest economy tightened PresidentXi Jinping’sgrip on power with investors fearing this could be a negative for private firms.
Tech giantsAlibabaandTencentclosed down more than 11% in Asia; search companyBaiduwas 12% lower while food delivery firmMeituantanked more than 14%.
Chinese youth opt out of the rat race in search of personal peace
Young people are abandoning demanding careers and ditching consumerism, but the ruling communist party needs them to work hard to further economic growth.
Russia’s terrible war generates headlines, but China’s growing debt crisis is mostly ignored. And yet, it will have profound negative effects on the global economy. In just three generations, Beijing built a middle class bigger than America’s entire population. But now Chinese many face ruination. China’s domestic real estate bubble, due to deregulation, is so gargantuan that much of its middle class has been damaged.
China’s bursting housing bubble summed up in a viral video, as official tells citizens to ‘Buy one property, then a second. Bought a second? Buy a third, and fourth’
five major Chinese companies have announced that they will delist from the New York Stock Exchange. The five companies are –– Sinopec and PetroChina, two of the world’s biggest energy firms, The Aluminum Corporation of China, also known as Chalco, China Life Insurance and a Shanghai-based Sinopec subsidiary.
The Rocket Force under the Eastern Theatre Command of China’s People’s Liberation Army (PLA) conducts conventional missile tests into the waters off the eastern coast of Taiwan, from an undisclosed location in this handout released on August 4, 2022. Eastern Theatre Command/Handout via REUTERS
India says Vivo’s local unit evaded over $280M in import tax
中华民族的传统美德. 印度反走私机构表示,手机供应商 Vivo 的当地部门在印度反洗钱机构突击搜查这家中国公司的国内办事处大约一个月后,逃避了超过 2.8 亿美元的关税。
China’s unemployment rate peaked after Beijing announced 7 weeks of rigorous lockdown as the country faced the worst COVID outbreak since 2019 in Wuhan. China’s unemployment rate peaked after the
Flowers were placed by the Goddess of Democracy statue at UBC on Sunday in memory of the thousands who died during the Tiananmen Massacre. Every year on the Sunday before June 4, people gather to …
Authoritarian regimes have learned how to take control of institutions and shield themselves from critique. The US is concerned that UN High Commissioner for Human Rights Michelle Bachelet has …
Rumours of Chinese President Xi Jinping’s potential resignation have swirled on Chinese social media over the past two weeks and prompted speculation among overseas Chinese dissidents.
#Gravitas | China is replacing all foreign computers in government with ones made in China. Is the world's largest surveillance state scared of foreign surveillance? @palkisu tells you. pic.twitter.com/BgYA9NZ7Kj
Putuo District in China's #Shanghai, large fire broke out as the property is still lockdown with many escape routes blocked off. Go figure! pic.twitter.com/lSrfkY712Z
This is not a shopping spree of Black Friday, but an "orderly" queue to shop for rice during the lockdown recess in #China's Liaoning Province. pic.twitter.com/8DL63efo0Q
Hundreds of workers at a technology factory in China clash with authorities after weeks under lockdown, a stunning breakdown in the Communist Party’s efforts to contain Covid-19 infections
Hundreds of workers at a technology factory in China clash with authorities after weeks under lockdown, a stunning breakdown in the Communist Party’s efforts to contain Covid-19 infections https://t.co/JJ8jQ6SHGr
#China ‘s propaganda machine CCTV reported that #Putin ‘s popularity among Russians has gone up to 81.5% since the war. Well, they forgot mention that his popularity among Chinese is much higher than that – probably at least 90. You know why. pic.twitter.com/nMPHd3W1f6