More than three years into China’s housing crisis, there is still no sign of its ending. Now, as private and locally-owned developers keep faltering, the sector is becoming more state-dominated. That marks a stunning reversal for an industry that has been a poster child for China’s economic development. The latest private builder to run into…
WASHINGTON—Donald Trump has told advisers he wants to travel to China after he takes office, according to people familiar with the discussions, seeking to deepen a relationship with Xi Jinping strained by the president-elect’s threat to impose steeper tariffs on Chinese imports. Trump visited Beijing in 2017, nearly a year into his first term. Aides…
China’s top legislature will begin its annual parliamentary meeting on March 5 next year – a session that will be closely watched by investors as Beijing will announce its growth target and decide on ways to stimulate the country’s stalled economy. The start date of the third annual session of the 14th National People’s Congress…
China’s yuan slipped and traded near a 13-month low against the dollar on Wednesday, weighed down by broad greenback strength and widening yield differentials in the world’s two largest economies. Meanwhile, trading was tepid as many global markets have headed into holiday season. As of 0251 GMT, the onshore yuan was 0.05% lower at 7.2986…
China’s Communist Party wrapped up its two-day Central Economic Work Conference on Thursday, where the ruling party signaled bolder stimulus measures for 2025. However, analysts tell VOA Mandarin that they have little of substance beyond slogans. Economists say the measures appear to be “very incremental and lack detail,” which may suggest that the ruling Communist…
SINGAPORE : China’s leaders promised more government support for their struggling economy next year as they brace for the return of President-elect Donald Trump and another big showdown over trade. An annual gathering of top officials on the economy concluded with pledges to cut interest rates and boost government borrowing to pep up economic growth,…
Chinese President Xi Jinping said Beijing is “prepared to stay in communication” with the US, calling on proper management of trade differences when US president-elect Donald Trump returns to the White House in January. In written remarks to the US-China Business Council on Wednesday, Xi said Beijing and Washington should choose dialogue instead of confrontation,…
Executives of those companies scoff at all this. Many say they now struggle to justify investing in the country and talk instead of cutting staff. In a recent survey by the American Chamber of Commerce in Shanghai, less than half of respondents said they were optimistic about the prospects for their business in China over…
Photofairs organiser Creo has scrapped plans for a Hong Kong version of the contemporary art fair for photography in March 2025, citing logistical issues, the Post has learned. The Hong Kong fair was announced in July by London-based Creo, shortly after the cancellation of Photofairs New York, and was seen as a vote of confidence…
washington — Zhang Ke, not his real name, has been hiding from police in the southern megalopolis of Guangzhou since September. He said he had not committed a crime but was dodging authorities to avoid extortion by police from another city more than 1,400 kilometers away in northern China. In July, Zhang said his life…