China’s property downturn,already the longest on record,is not only dragging on - it is accelerating.
Proposed new national security laws unveiled this week are likely to have the same chilling effect on investment and activity as the counter-espionage rules that mainland China introduced last year.
Nowhere better showcases the opportunities and vulnerabilities of China’s economy than Hefei.
The long-overdue demise of the notorious property developer will force China’s authorities to make some difficult decisions.
The Hong Kong court’s liquidation order for Evergrande,the world’s most indebted property developer,is likely to affect China’s financial system.
Alarm bells are ringing louder over China’s economy. But it is no time to gloat.
Beijing is expected to mount a major rescue package to stabilise its tumbling sharemarkets. But it will be a Band-Aid,not a cure.
Xi Jinping is benefiting with the West protecting global trade as the Red Sea crisis continues. It is time to hold his feet to the fire.
GDP growth last year met a target of “about 5 per cent” but the detail in Wednesday’s economic data highlights the deep-seated problems confronting China.
A sluggish recovery from the pandemic,the wars in Ukraine and the Middle East,a diminished Chinese economy and the increasing risks of disasters caused by global warming are expected to weigh heavily on the world economy.
In the fast-growing city of Zhengzhou,thousands of disappointed buyers are haunted by their unfinished ghost apartments – and the broken promises sold by developers and the government.