Beijing

Beijing to Buy millions of unsold homes to revive Chinese Property Market

16 مايو 2024 12:16 ص

Beijing is weighing a proposal to have local governments nationwide purchase millions of unsold homes to save Chinese Property market in a move which comes as officials vow to address biggest drag on economy and in what would be one of its most ambitious attempts yet to salvage the beleaguered real estate market, said some Officials familiar with the matter, asking not to be identified discuss

China Ping An Bank lists41 Developers to rescue the nation's property sector

16 يناير 2024 08:07 ص

Major China Ping An Bank Co. has put 41 firms on a list of developers eligible for its funding support, according to people familiar with the matter, the latest move in a widening rescue campaign for China’s property sector as the government is working on a new basket of measures to support the real estate market after existing policies failed to sustain a rebound in the ailing building sector,

Beijing records longest cold wave in modern history in 70 years

24 ديسمبر 2023 11:14 م

Beijing Daily Newspaper announced today that China's capital has broken its record for hours of sub-zero temperatures in December dating back to 1951, after a cold wave swept swathes of the country and brought blizzards in its wake, sending temperatures towards historic lows as northern and northeastern parts of the country have experienced a record-breaking chill since last week, with some ar

China's economic miracle to re-improve، reaching 5.9% next year through to 2030

19 ديسمبر 2023 12:01 م

China likely grew 5% or so this year and is expected to grow 5.9% through to 2030, outrunning the global economy as the Chinese government invests more than 40% of its output, twice as much as the United States, suggesting a significant portion of that is unproductive bur it can get its Potential economic miracle growth back on track in 2024 thsnks to made in China 2025 strategic plan that

Public debt touched280%of GDP،China to implement measures to revive its slowing economy

30 أغسطس 2023 09:00 ص

China has made a number of pledges recently to revive the economy’s recovery and improve the business environment as concerns about the growth outlook continue to mount and the public debt rate touched about 280% of GDP during the first quarter of this year, to reach a new record level, with banks expanding lending to companies after lifting restrictions imposed to prevent the spread of the C

Yuan’s Slump Forces China Into Balancing Act to Help Recovery

24 أغسطس 2022 07:39 م

The Chinese yuans slump to its weakest against the dollar in almost two years adds to what is already a precarious balancing act for Beijing, which is seeking ways to prop up its struggling economy without stoking financial instability