The founder of Evergrande, the property giant at the centre of China’s housing market slump, has been sentenced to life in prison and had all of his personal property confiscated. Hui Ka Yan pleaded guilty in April to several charges, including embezzlement of assets and corporate bribery. Shenzhen Intermediate People’s Court also fined Evergrande Group…
China’s economy expanded five percent in 2025, Beijing said Monday, one of its slowest rates of growth in decades as it struggles with persistently low consumer spending and a debt crisis in its property sector. Leaders set a growth target of “around five percent” for last year, following a five percent rise in 2024. (Unsplash/Representational…
This is welcome. However, as climate ambition becomes the norm, a more uncomfortable question comes into focus: how many of these commitments are grounded in a serious understanding of what decarbonisation actually entails? What remains largely missing from Hong Kong’s climate conversation is analytical depth. Targets are plentiful; pathways are not. We talk often about…
China’s property sector has failed to overcome a persistent debt crisis, despite rate cuts and loosened restrictions on homebuying (WANG ZHAO) · WANG ZHAO/AFP/AFP China’s economy likely grew last year at its weakest rate in three decades, outside of the pandemic, according to an AFP survey of analysts ahead of official data on Monday. The…