china housing crisis

Over 230 home developers filed for bankruptcy in China last year: Report

by

Amid the economic crisis in China, an estimated 233 home developers filed for bankruptcy last year, Taiwan News reported quoting the China Real Estate Association. According to the report, the highest number of applications were received from the Zhejiang province with 36 cases, accounting for 15.45 per cent of the nation’s total. Hunan and Guangdong … Read more

What China’s EV city says about the state of the economy

by

HEFEI, China: Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace. Yet at Hefei’s market for construction materials, local merchants are gloomy. Wu Junlin, a vendor of doors, has … Read more