China is experiencing a drain of wealth as entrepreneurs and their money are leaving for safer shores. Uncertainty caused by policy fluctuations is the main reason given for the exodus.
Mortgages are harder to come by in China, a sign, experts say, that bankers are recognizing the risk involved in the real estate market.
With China’s September PMI ending lower than expected, China’s manufacturing industry is headed for a cold winter, analysts say.
A major Chinese real estate developer of low-income apartment complexes is scrambling to get rid of a financial burden caused by a local government defaulting on housing contracts.
Many foreign and domestic firms in China are laying off their employees in an effort to cut costs amid a slowing economy, causing a wave of unemployment, according to recent Chinese media reports.
Until recently, restaurants in China lived off the fat of the land. Lately, they have been put on a diet.
The number of Chinese purchasing property in Western countries and transferring their money out of China, both legally and illegally, has been significantly increasing since 2011.
China is experiencing a drain of wealth as entrepreneurs and their money are leaving for safer shores. Uncertainty caused by policy fluctuations is the main reason given for the exodus.
Mortgages are harder to come by in China, a sign, experts say, that bankers are recognizing the risk involved in the real estate market.
With China’s September PMI ending lower than expected, China’s manufacturing industry is headed for a cold winter, analysts say.
A major Chinese real estate developer of low-income apartment complexes is scrambling to get rid of a financial burden caused by a local government defaulting on housing contracts.
Many foreign and domestic firms in China are laying off their employees in an effort to cut costs amid a slowing economy, causing a wave of unemployment, according to recent Chinese media reports.
Until recently, restaurants in China lived off the fat of the land. Lately, they have been put on a diet.
The number of Chinese purchasing property in Western countries and transferring their money out of China, both legally and illegally, has been significantly increasing since 2011.