An iconic commercial building designed to be “China’s tallest” failed to sell again at a recent auction, even after a price cut of 2.6 billion yuan (approx $360 million), highlighting the spread of the real estate crisis to the commercial real estate China’s Tallest Building Fails to Find New Owner After Two Public Auctions, Despite Huge Price Cut
An iconic commercial building designed to be “China’s tallest” failed to sell again at a recent auction, even after a price cut of 2.6 billion yuan (approx $360 million), highlighting the spread of the real estate crisis to the commercial real estate
Alibaba founder Jack Ma (Ma Yun), one of China’s richest men, has halted plans for a huge stock sell-off after the company’s stock slid dramatically, according to a memo posted internally at the tech company on Nov. 22. Nonetheless, analysts say the
Beijing denied that it has plans to attack Taiwan in 2027 or 2035 at the U.S.–China Summit in San Francisco last week, and the United States and China agreed to restart military communications. Taiwanese experts believe that the CCP may not attack Taiwan
Local governments within China are strained financially due to their significant loss of tax revenue. Key industries the regime once relied upon for taxes have struggled with financial hardships while real estate companies have experienced successive defaults. To