CHINA HOUSING CRISIS

As international brands limit their dependence on China by shifting some manufacturing to India, the trend holds the potential to generate significant numbers of manufacturing jobs - especially for women, who have largely been excluded from the rank...

China's economic indicators for June painted a challenging picture, with manufacturing activity stagnating and services slipping to a five-month low, according to an official survey released on Sunday. The Purchasing Managers' Index (PMI) remained u...

US National Security Adviser Jake Sullivan plans to visit India this month to discuss shared priorities with the new government. Sullivan will focus on the iCET review and the upcoming Quad Summit during his trip. Sullivan had twice postponed India ...

The 5 per cent growth revision by the International Monetary Fund (IMF) is in line with the target set by the Chinese government for the world's second-largest economy which is grappling with a slowdown triggered by the crippling property sector cri...

"China's economic growth is projected to remain resilient at five percent in 2024 and slow to 4.5 percent in 2025," the IMF said in a press release, adding the decision was "driven by strong first-quarter GDP data and recent policy measures".

Shanghai eases property buying rules amidst a real estate crisis, reducing residency requirement to 3 years and minimum down payment to 20% for commercial housing mortgages.

China grapples with a colossal housing crisis, with millions of unoccupied apartments and unfinished developments, threatening its economy. Beijing's plan involves massive state intervention, buying unsold properties and converting them into social ...

Taiwan President Lai Ching-te has hailed the arrival of a "glorious era" for Taiwan's democracy and called on China to cease political and military intimidation. In an inauguration speech, Lai thanked citizens for refusing to be swayed by external f...

China has taken decisive measures to tackle the crisis in its property sector, which has been a crucial driver of its economic growth. The People's Bank of China has announced a 300-billion-yuan relending facility to support government-subsidized ho...

Soft retail sales, manufacturing signal cooling demand. As Biden hiked tariffs, China's economic recovery shifted to manufacturing.

Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning demand for new and old apartments, to slow down falling prices and to reduce a growing stock of unsold homes. Since the property mark...

China announced significant measures to stabilize the struggling property sector. The measures included allowing local governments to purchase apartments, easing mortgage rules, and committing to finishing incomplete homes. These efforts aim to addr...

China's housing prices dropped in the first four months of the year, while factory output increased by almost 7%. This has lead to officials planning new measures to boost the struggling property industry. The National Bureau of Statistics noted ins...

China plans to allow local government authorities to purchase affordable housing at reasonable prices, and promote the disposal of sold but difficult-to-deliver housing projects.

China plans for local governments to buy unsold homes to address the property crisis, with the State Council evaluating feasibility and awaiting a decision from the country's leaders.

Guangzhou tornado kills 5, injures 33. Level-three tornadoes damage factories. Heavy rains in Guangdong pose flood threats. Climate crisis intensifies extreme weather in China.

China continues to provide subsidies in the form of value-added tax rebates to its companies that manufacture fentanyl analogues, precursors and other synthetic narcotics, so long as they sell them outside of China, the House of Representatives' sel...

China's economy is expected to have slowed in the first quarter due to challenges in the property sector and weak consumer activity. Despite setting a growth target of around five percent for the year, analysts view this goal as ambitious. While ind...

Hefei, China, known for its ultramodern factories and thriving industries like electric vehicles and solar panels, is facing a decline in real estate and its devastating effects on small businesses. The city's success in nurturing technology manufac...