As the People's Republic of China turns 75, a legacy of economic success faces challenges

As the People’s Republic of China turns 75, a legacy of economic success faces challenges

In the 1990s, at China’s southern port of Xiamen, containers loaded onto ships were declared to customs as holding valuable export goods. At a time when China was striving to expand global trade in a bid to join the World Trade Organization (WTO), Beijing provided substantial tax rebates for logistics companies, turning many into millionaires….

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Why China's new stimulus bazooka isn't enough to fix the nation's housing crisis

Why China’s new stimulus bazooka isn’t enough to fix the nation’s housing crisis

Costfoto/NurPhoto/Getty Images, Tyler Le/BI Beijing’s latest housing-support measures won’t fix China’s property crisis, JPMorgan wrote. The nation announced this week that it will reduce mortgage rates and downpayment rules. That’s unlikely to boost much-needed consumption in the sector, JPMorgan said. China’s all-out stimulus package will fail to meaningfully reverse ongoing chaos in the nation’s property…

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