HONG KONG—China’s property market, a key pillar of the country’s economy, has weakened sharply in the past year as a result of the Chinese regime’s clampdown on excessive borrowings by developers, and a COVID-19-induced economic slowdown. Related CoverageChina’s Lockdown of Nearly 400 Million Set to Strike an Economic Blow So far this year, more than…
China Property Market Slumps on Developers’ Debt Crisis, Weak Buyer Sentiment
As China’s Sales Slump, Luxury Industry Looks to US Market
May 22, 2022
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Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChina economyCompanieseconomyInternationalInvestmentluxury goodsMarketsU.S. marketUSUS NewsWorld
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Affected by the COVID-19 lockdown measures, sales of luxury goods in the Chinese market have suffered significant setbacks. Global luxury industry leaders said recently that the booming U.S. market and emerging markets have the potential to help offset the negative impact of the Chinese market. Before the outbreak of the CCP (Chinese Communist Party) virus…
Hong Kong’s Richest Man Eyes Vietnam, Disappoints Beijing
May 9, 2022
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cheung kong holdingsChinaChina Business & EconomyChina economyHK Current AffairsHong KongHurun Global Rich ListLi Ka ShingVietnam
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CK Asset Holdings, founded by Hong Kong tycoon Li Ka-shing, will invest in real estate in Ho Chi Minh City, Vietnam. The move comes as Vietnam has become the fastest growing country in Southeast Asia, and its GDP growth rate exceeds China’s. Li, who ranked first in the “Hurun Global Real Estate Rich List 2022”…
Russian-Ukrainian War is Accelerating the Bursting of China’s Economic Bubble, says China Expert
March 14, 2022
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The Russian-Ukrainian war will not only harm both countries but it will also severely damage the global economy. In particular, the Chinese Communist Party, (CCP) which has close ties to Russia and Ukraine, will certainly suffer economic consequences from the conflict. Cheng Xiaonong, an economist living in the United States, told The Epoch Times that…
Hundreds of Millions of Chinese Need Jobs: Premier Li Keqiang
In 2022, 16 million Chinese people will join the workforce and need a job. At the same time, almost 300 million migrant workers will enter the cities, to earn money to feed their families in villages back home, Chinese Premier Li Keqiang said on March 11. In 2022, hundreds of thousands of veterans will leave…
China’s Central Bank Hands Over 1 Trillion Yuan Profit for Fiscal Spending, Risking Inflation
China’s central bank will transfer more than one trillion yuan ($158 billion) in profits to the finance ministry this year to help fund fiscal spending and bolster the slowing economy. Economists liken it to the central bank pumping money into the economy at the risk of inflation. China’s inflation risks are building as producers pass…
China’s Stock Market Plunges Again
U.S. stock and bond markets fell in response to the announcement from the Federal Reserve on Jan. 26 that it will soon raise its benchmark interest rate and end its asset tapering program in early March. The NYSE Composite fell 297.67 points in an hour from 2:30 p.m. and recovered slightly at the end of…
Chinese State-run Securities Journals Call on Institutional Investors to Save the Stock Market
In the week leading up to the Chinese New Year, Chinese stocks tumbled, with all three indexes losing more than 2.5 percent. State-run Securities Daily called on institutional investors to rescue the A-share market, which resulted in a brokerage stocks sell-off on the same day. The market then bottomed out and rebounded. But industry professionals…
Djokovic Has Stake in COVID-Treatment Firm; China Cuts Lending Rates To Boost Economy | NTD Business
Amazon opening its first physical store for clothing, where will it be, and what will you find there? The CEO of a biotech firm revealing that the world’s top tennis star and his wife own most of the company. What’s it working on? China cutting a key interest rate for the second time in just…
Local Authorities in China Face Huge Revenue Drops as Land Sales Plummet
After the outbreak of the CCP virus in 2020, China’s economic growth has been declining rapidly. Various structural problems in the Chinese economy began to erupt visibly in 2021. Among them, the slow sales of real estate have resulted in a sharp drop in the revenue of local governments at and below the provincial level….
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