An active-duty U.S. army sergeant has been charged with selling sensitive national defense secrets, according to court documents.
PROPERTY
China Mulls Ending Price Cap on Unsold Home Purchases
China is considering scrapping a price cap for local governments buying unsold apartments, according to people familiar with the matter, as Beijing seeks to speed up the clearance of millions of empty …
China mulls ending price cap on local governments buying apartments, Bloomberg News reports
China is considering removing a price limit for local governments buying unsold apartments, in a move to accelerate the clearance of millions of empty homes, Bloomberg News reported on Thursday, …
Sustaining economic growth and other takeaways from the start of China’s legislative session
China on Wednesday kicked off its annual parliamentary session, the National People’s Congress, which outlines the government’s priorities for the year. Stabilizing the sluggish economy and pushing …
China eases rules on unsold home purchases
China has pledged to give city governments more say in how they buy unsold homes, as part of efforts to stem the unprecedented property decline.
China to give cities more room to purchase unsold homes
It also pledged to “effectively prevent debt defaults by real estate companies”. Read more at straitstimes.com.
China Sets 2025 Growth Target at About 5% Despite Looming Trade Tensions
China has set an economic growth target of around 5% for 2025, unchanged from last year, despite mounting challenges from trade tensions, weak domestic demand and a prolonged property downturn.
China keeps its economic growth target at ‘around 5%’ for 2025
China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds. The target for GDP growth was announced Wednesday in a …
China’s deflation dilemma signals bigger troubles ahead for its stalling economy
China is experiencing deflation, or falling prices, that contrasts with inflationary pressures prevailing elsewhere in the world. Cheaper prices can be a blessing for some, but deflation is a symptom …
China’s wealthiest of the wealthy have a bigger share of the wealth pie, Hurun report says
The richest 130,000 families account for more of the elite’s collective fortunes, as Beijing tries to fire up growth.
China’s key property rescue tools are too hard to use to make an impact
Key tools China introduced last year to stabilise the property market are making very little impact, pressuring Beijing to find new solutions for the crisis-hit sector, which analysts say must involve …
China’s Shimao secures creditor backing for $11 billion offshore debt revamp
Chinese property developer Shimao Group has secured creditor backing to restructure about $11.04 billion in offshore debt, the latest such deal in the sector after years of liquidity troubles. Sunac …
China Developers Buy Land at Premiums After Housing Rules Eased
Chinese state-backed developers are starting to buy land at a premium again after the government eased limits on home prices to revive a slumping market that’s been a drag on the economy for more than…
ADVERTISEMENT
