Day: July 21, 2022

” 34.7 billion RMB, or about $5.14 billion US dollars” The waves of people halting payments on mortgages for unfinished buildings have spread to 25 provinces in China. As of July 16th, the number of developments that have been issued a “notice of being forced to stop mortgage payments by all homeowners” has expanded to 25 provinces and 286 residential projects across China. The China Banking Regulatory Commission responded by working with the construction sector and the Communist Party’s central bank to

Mike Baker joined ‘Kennedy’ to discuss former Secretary of State Henry Kissinger’s warning to President Biden about confronting China. #foxbusiness #kennedy

U.S. President Joe Biden plans to speak with his Chinese counterpart, Xi Jinping, by the end of the month at a moment of simmering tensions between the countries over Taiwan and trade.

Didi Global Inc. shares rose in the US session after Chinese regulators slapped it with a $1.2 billion fine after wrapping a year-long probe. The decision removes some uncertainty hanging over the ride-hailer and may be a sign that the worst is over for China’s tech sector. Catherine Ngai reports on Bloomberg Television.

In China, the country’s rich population is considering the unthinkable, they want to leave the country but why? Well, China’s zero Covid policy has scarred them, here’s our report. #China #ZeroCovidPolicy #WorldNews

CIA Director William Burns sits down with NBC’s Andrea Mitchell for a wide ranging conversation at the Aspen Security Forum. The CIA Director gives his assessment of China’s aspirations to control Taiwan following Russia’s invasion of Ukraine. “I wouldn’t underestimate, you know, President Xi’s determination to assert China’s control, the People’s Republic of China’s control, over Taiwan,” says Burns. “If there’s one lesson I think they may be drawing from Putin’s experience in Ukraine is you don’t achieve

Builders from the China State Construction Engineering Corporation are nearing completion of what will be the tallest building in Africa – the 78-storey Iconic Tower in Egypt’s yet to be named new capital. The skyscraper is part of a US$3 billion investment deal by China to build the central business district of a new “smart city”, which will eventually house 6.5 million people in Egypt’s new capital. It is the largest development project under China’s global infrastructure development strategy, the Belt an