Hong Kong, the world’s most expensive residential market, is facing a downward trend as it drops out of the top 10 world’s wealthiest cities. The economic downturn, immigration wave, and the Federal Reserve’s interest rate hike have all caused Hong Kong’s property prices to face deep declines. With the decoupling of China and the United…
World’s Most Expensive Housing Market, Transactions at Three-Decade low
October 19, 2022
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ChinaChina Business & EconomyHK BusinessHong KongHong Kong Propertyimmigrationinterest rate hikesSARSWorld
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A $1 Trillion Headache: China’s Local Fiscal Shortfall Poses Broader Growth Risks
BEIJING—By any account, $1 trillion seems huge. That’s the scale of budget shortfalls facing Chinese provinces, reducing their fiscal firepower to fund infrastructure spending and tax cuts, and raising risks for the world’s second-biggest economy in 2023. The timing couldn’t be worse for policymakers in Beijing, as the economy wobbles under the weight of global…
‘Big But Not Profitable’: Expert on China’s State-Owned Enterprises
The Chinese Communist Party (CCP) announced to “consolidate and develop” the public sector economy at its 20th National Congress on Oct. 16. At the congress, it was declared that the “entity economy” should be developed, the “role of the government” should be played, and the public sector should be “consolidated and developed,” as opposed to…
China Delays Release of Key Economic Data Amid Party Congress
BEIJING—China delayed the release of economic indicators scheduled for publication this week, including its third-quarter gross domestic product data due on Tuesday, according to an updated calendar on the statistics bureau’s website. The highly unusual delay comes amid the week-long political conference of the ruling Chinese Communist Party (CCP), a twice-a-decade event that is an…
Chinese Businessman Exposes Bad Police; Dies Within Three Days
A Chinese businessman died suspiciously on Sept. 21, shortly after releasing a detailed report about police corruption. Cai Yunfeng, a 53-year-old businessman in the hotel industry in China’s northwest Gansu province, died Sept. 21, within three days of releasing 30 pages of material exposing dozens of corrupt local officials. While there have been many publicized…
Chinese Businessman Exposes Bad Police, Dies Within 3 Days
A Chinese businessman died suspiciously on Sept. 21, shortly after releasing a detailed report about police corruption. Cai Yunfeng, a 53-year-old businessman in the hotel industry in China’s northwest Gansu province, died on Sept. 21, within three days of releasing 30 pages of material exposing dozens of corrupt local officials. While there have been many…
Almost 1 Million People in Chinese City Near iPhone Factory Under Lockdown
The city of Zhengzhou in China’s Henan Province has shut down one of its most populated districts and put almost a million residents under lockdown due to a flare-up of COVID-19. Residents were asked to remain at home beginning on Oct. 17. Non-essential businesses have been shut down. The only instances when people are allowed…
Sri Lanka Seeks Trilateral Cooperation With India, Japan for Economic Recovery: Envoy
October 17, 2022
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Asia & PacificBusiness & MarketsChinaChina Business & Economyeconomic policieseconomyIndiaInternationalInternational RelationsJapanSri LankaWorld
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Sri Lanka has sought trilateral cooperation with India and Japan in the renewable energy, petroleum, telecoms, and port sectors to hasten its economic recovery, the Sri Lankan high commissioner to India said on Monday. “President Ranil Wickremesinghe discussed trilateral cooperation with India and Japan during his visit to Tokyo,” High Commissioner Milinda Moragoda said in…
New Chip Ban Accelerates US Decoupling From China: Experts
October 16, 2022
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AfricaAsia & PacificChinaChina Business & EconomyChinese Regimechip bandecouplingGlobal ExpansiongreencardInfiltrating the WestmilitarySpecial TopicsTaiwantechnologyUSUS-China relationsWorld
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News Analysis The United States expanded its semiconductor ban on China and issued a China-focused “National Security Strategy” five days before the beginning of the Chinese Communist Party’s (CCP) party congress on Oct. 12 Experts believe these unprecedented moves will accelerate the United States’ decoupling from China and that the “new Iron Curtain” may have…
China’s Sinking Real Estate Market Reveals Deeper Economic Troubles
Real estate sales have plunged by more than 20 percent across major cities in China, despite Beijing’s efforts to shore up its struggling housing market. Authorities have tried rolling out stimulus policies, such as tax breaks for new home buyers and lower mortgage rates but the overall performance of the real estate market remains poor…
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