Guess Who’s Angry at China’s Real Estate Bailout: Homeowners
For much of the past decade, China’s efforts to curb speculation on real estate grew broader and more extensive.
Asian news from Shanghai
Top news app in U.S. has Chinese origins and ‘writes fiction’ with the help of AI
Last Christmas Eve, NewsBreak, a free app with roots in China that is the most downloaded news app in the United States, published an alarming piece about a small town shooting. It was headlined "Christmas Day Tragedy Strikes Bridgeton, New Jersey Amid Rising Gun Violence in Small Towns."
China investors snap up government bonds, prompting central bank warning
SHANGHAI -- China's real estate slump is driving money into government bonds for lack of a better investment destination, pushing yields to record lows and spurring the People's Bank of China to hint that it could step in.
China’s new ship for a drone-powered Taiwan invasion
China’s People’s Liberation Army-Navy (PLA-N) is now building the Type 076 amphibious assault ship, a vessel that could play a pivotal role in any conflict with the United States over Taiwan.
Why India shouldn’t try to shut the door on Chinese EV makers
Dealing with climate change is another motivation, one that has prompted India to sign up for the Electric Vehicles Initiative (EVI), a multi-government policy forum to fast track the introduction and adoption of electric vehicles. Thirteen signatory countries have accepted the EVI’s EV30@30 campaign, whereby at least 30 per cent of new vehicle sales should be electric by 2030.
China quietly seeks influence from disaster in Brazil
Since late April, floods have devastated the southern Brazilian state of Rio Grande do Sul, causing more than a million people to be forcibly displaced from their homes and killing at least 150 people.
Chinese yuan falls to six-month low on dollar strength
SHANGHAI/HONG KONG -- The Chinese yuan traded on the mainland hit a six-month low against the dollar of 7.2488, highlighting the divergent monetary policies of the world's two biggest economies.
$20,000 annual pay: Japan's weak yen drives away Asian talent
TOKYO -- With the yen hovering around 157 against the dollar, the Japanese currency's rapid depreciation has created problems for the country beyond costly imports, including by depressing wages in dollar terms and driving away foreign talent.