Beijing is worried that Hong Kong developers’ tepid response to local megaprojects may further erode investor confidence and this was why a top central government official took on the task of cajoling the private sector on behalf of city authorities, political analysts have said. Economic and property specialists said the central government’s “explicit” call to…
As the polling sites across the U.S. started counting votes Tuesday in the highly contested U.S. presidential race, China’s state-run Xinhua News Agency published a satirical video titled “Presidential Election Victory Speeches of the Divided States of America.” Posted on social media platform X, Xinhua’s video lampooned President-elect Donald Trump and his opponent, Vice President…
China’s top legislative body reviewed a bill on local debt swaps on Monday, the first of several actions expected to be taken this week to reduce fiscal risks and shore up the national economy. Finance minister Lan Foan delivered the proposal to the National People’s Congress Standing Committee, the official Xinhua News Agency reported. The…