But the property developer is not alone as there are around 20 million pre-sold and incomplete homes sitting empty in China. However, in total there are around 65 million surplus homes in the country.
China will allow local governments to use bonds to buy unsold homes in a bid to prop up the struggling economy. China has been slow to adjust its economy after COVID-19 and consumers are still ...
China is locking in steps to shape the pricing of the vast quantities of industrial metals it produces and consumes, with moves to attract foreign firms to trade on Shanghai's futures exchange ...
But the White House and Nasa are gunning to be the first ones there. In January, Nelson said he believed the "race" was over for China, and that the US was heading towards its home straight. Nelson ...
HONG KONG/SHENZHEN, China--Psst! Where can a Chinese buyer purchase top-end Nvidia AI chips in the wake of U.S. sanctions? Visiting the famed Huaqiangbei electronics area in the southern Chinese ...