China’s property investment weakens in August
By: Yawen Chen | Kevin Yao BEIJING: China’s real estate investment moderated in August on slower construction and home sales, as authorities’ tight controls on the sector continued to take out speculative heat. Real estate has been one of the few bright spots on China’s investment front, partly due to robust sales in smaller cities […]
How China’s plan to develop rental housing backfired
By: Yawen Chen | Shu Zhang | John Ruwitch BEIJING | HANGZHOU: When President Xi Jinping of China vowed to increase the supply of rental housing last year, millions of young Chinese expected to find homes they would finally be able to afford. But the government’s initiative has had an unintended effect: a surge of […]
China promises retaliation if USA imposes more tariffs
BEIJING:China on Monday promised retaliation if United States of America (USA) President Donald Trump escalates their tariff battle, raising the risk Beijing might target operations of American companies as it runs out of imports for penalties. The threat came after Trump said Friday he was considering extending penalties to an additional USD 267 billion of […]
Pakistan plans to renegotiate agreements reached under China’s Belt and Road Initiative
ISLAMABAD: Pakistan Prime Minister Imran Khan’s newly elected government plans to renegotiate the agreements reached under China’s ambitious Belt and Road Initiative (BRI) as it “unfairly benefits Chinese companies”, according to a media report. The projects concerned are part of the multi-billion China-Pakistan Economic Corridor (CPEC) plan – the most ambitious part of the BRI, […]