China’s home buyers are being offered no-money-down purchases in an echo of the subprime lending that triggered a U.S. economic meltdown and the global financial crisis.
Deals skirting government requirements for minimum 30 percent down payments have emerged this year from Guangzhou and Shenzhen in the south to Beijing [...]
Growth in China, the world’s second-largest economy, is forecast to slow to 7.6 percent this year and 7.5 percent in 2015, with the rebalancing process remaining “slow and volatile.”
However, the bank warned that a sharper than expected slowdown in China driven by a slump in property prices [...]
Hugh White’s view that America and China are on a collision course is looking more prophetic, but not everybody agrees with his ideas for compromise. The WSJ’s Andrew Browne has the details.
By and large, though, they have a shared assessment of the weakness of the west. Obama’s bromides about leadership, Xi would have remarked, failed to grasp China’s intention to upturn the present US-designed order. The president’s much vaunted “pivot to Asia” had made life a little more complicated for Beijing. Washington also had measurable military [...]
On the sidelines of this week’s Shangri-La Dialogue, Asia’s leading annual security conference, diplomats and policy experts largely agreed on two points. First, China sees the remaining Obama years as an opportune time to keep pushing for dominance in the Western Pacific. And second, China hurts itself with the sort of bluster it displayed at [...]
However, the situation changed drastically with US assistant secretary of state for East Asian and Pacific affairs Daniel Russel’s visit to Vietnam on May 7. With open support from US, Vietnam raised its tone against China and speculated the incident by holding press conferences and sending more ships to interrupt China’s operations; later it even [...]
China refused to defend its territorial claims in the South China Sea to a United Nations tribunal because it doesn’t recognize international arbitration of its dispute with the Philippines.
“China’s position that it will not accept or participate in the tribunal case involving the Philippines hasn’t changed,” Foreign Ministry Spokesman Hong Lei said in Beijing [...]
For China’s autocrats, history is a weapon. This past weekend, for example, a Chinese general told Southeast Asian nations that their territorial claims in the South China Sea were irrelevant because “China has had indisputable sovereignty over the South China Sea for around 2,000 years,” reported the state-owned [...]
To see that this deal is first and foremost about geopolitics is critical. During Putin’s brief visit to Shanghai last month, Xi proposed a new regional Asian security organisation, including Russia, Turkey, and Iran, but excluding the US. Moscow and Beijing also engaged in joint military exercises off the Chinese coast. In other words, the [...]