彭博社援引消息人士的说法称，中国最大房地产公司之一的恒大集团董事局主席许家印目前已被警方监视居住。消息一出，引起外界广泛关注。在中国房地产公司不断爆出债务危机的趋势下，有观察家指出，这一事件表明中国经济崩溃的多米诺骨牌倒下的速度正在加快。
彭博社的这条消息实质内容非常简短，只是提到许家印在本月早些时候就被警方带走，并被置于监视居住之下。报道中没有透露许家印被关押的具体地方，也没有解释警方到底是以什么名义将他带走，更没有说他已经被指控任何罪名。
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真的被抓了？
曾在中国长期从事房地产业的刘金星告诉本台，他不太相信这条消息，“它（这种做法）实际是跟现在大的政策环境相违背的。”
他分析说，恒大8月在美国纽约提起破产保护，这说明中国政府对恒大债务重组是给了一条出路的；并且中国也不想把这些房地产公司打碎，从中国现在的经济形势来看，也没有必要这样做。
“从国务院新一届的领导班子来看，对于保护民营经济的积极性，是在采取工作的；而许家印这些人其实是民营经济的标杆，大家在看着他们，”刘金星认为，如果真把许家印抓了，会在全社会的民营企业家群体中产生一种和政策相反的效应。
值得注意的是，就在两周前（9月16日），许家印下属的恒大金融财富管理深圳有限公司执行董事兼总经理杜亮在深圳被警方抓捕。几乎同一时间，恒大人寿原董事长、现已转任中融人寿代行董事长的朱加麟于9月17日被带走，目前处于失联状态。还有消息称，恒大集团前总裁夏海钧2022年回到中国就被“相关部门”控制起来，恒大集团前首席财务官潘大荣也被控制。财富杂志中文网就此指出，许家印手下四员大将都已被抓。
在这一背景下，许家印本人被警方监视居住，似乎并不显得特别突兀。前中国民营企业家胡力任向本台透露，他从恒大集团内部的职工处得知，许家印实际早已被控制，“现在消息说他被监视居住，实际就是被控制起来了。但他早就被控制了，几年前就被控制了，无法对外联系了，实际上早就失去自由了，就是从2021年开始的。”
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图为位于深圳的恒大总部。2023年上半年，恒大净亏损人民币392.5亿元。（路透社图片）
无解的问题
作为中国最大房地产公司之一的恒大，其债务问题三年来屡见报端，在中国经济界引发强烈震动。早在2020年的9月，网上就流传着一份《恒大集团有限公司关于恳请支持重大资产重组项目的情况报告》，这份文件称，恒大债务率大幅攀升，恳请广东省政府支持其重大资产重组，否则恒大资金链断裂，将引发严重违约，产生金融系统性风险和社会风险。
当时恒大方面出来澄清，说这份文件是假的，辩称公司财务稳健，但市场都已相信，恒大已经深陷债务困境，在苦苦挣扎。后续有关恒大债务困境的消息果然接连不断。截至2022年底，中国恒大负债总额已经达到24374.1亿元人民币。
据路透社的最新消息，一些恒大集团的海外债权人表示，如果恒大不能在10月30日之前提出新的债务重组计划，他们将申请对恒大进行清盘。
但恒大的债务问题只是中国房企债务问题的冰山一角，除了恒大之外，碧桂园、花样年、佳兆业等等中国大型房地产公司，这几年也相继传出债务违约的消息。
房地产公司债务问题在这几年集中爆发，也牵扯出相关责任人的去向问题。目前身在美国佛罗里达州的胡力任告诉本台，许家印的处境并不奇怪，他所认识的多位国内房地产商都因为债务问题被控制；也有精明的房地产商早已出国，把资产转移出来，并且短期内不准备回去。
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美国华盛顿民间机构“信息与战略研究所”所长李恒青则指出，中国政府把许家印这样的房地产商控制起来的做法早已有端倪，但这对于挽救当前中国经济的危局并没有太大的作用，“系统性金融危机已经爆发了，骨牌现在是一个一个地倒，从去年到今年，关于中国的消息这么多，每天应接不暇，没有好消息，全是坏消息。”
他强调，许家印被监视居住衬托着中国经济严重下滑的背景，这只是经济向更坏情况发展的一个征兆，“这就是（经济）垮起来的时候，就像多米诺骨牌倒下在加速，所以现在实际没招。”
中国恒大集团标志（路透社资料图）
经济全局的问题
据国家统计局的数据，1—8月份，全国房地产开发投资76900亿元，同比下降8.8%；商品房销售面积73949万平方米，同比下降7.1%。并且可以看到，去年同期以来，房地产开发投资一直在下降，尤其是今年开年以来，每个阶段的降幅都比上一个阶段在增大。
与此同时，中国整体经济运行的状况也引起外界广泛担忧。据中国国家统计局的数据，除了刚刚过去的8月份实现正增长之外，全国规模以上工业企业利润从去年下半年以来连续下降，外界很多人认为中国经济可能还没有跌到底部。
刘金星认为，中国政府显然是知道经济出了问题，也显示出了要拯救经济的决心，但其经济手段可能未必有效，“就是过去四十年经济上的成功，他们太迷恋所谓宏观政策调控，他认为可以控制住。可是，这么大的经济体量，这种做法却未必是有效的。”
他强调，过去很多年中，中国政府把矛头对准房地产，对房地产进行多种调控，以及三年疫情期间进行的社会管控措施，这些原因才是导致房地产困局，以及经济下行的主要原因。趋势既已形成，虽然近来出台了一些房地产的利好政策，也未必会产生积极影响。
李恒青则担忧，经济下行的趋势继续下去，可能引发大规模的民变。
许家印与多名高层被拿下 当局对恒大收网
中国恒大集团主席许家印（中）、前首席执行官夏海钧（右）、首席财务官潘大荣（左）传都已被当局控制或带走。（中新社）
中国恒大集团主席许家印今天据报已被监视居住，他的得力助手也相继被带走调查，加上恒大的融资管道被官方堵住，债务重组也被搁置，显示中国当局对恒大开始收网，这座摇摇欲坠的金融帝国面临瓦解。
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中国社群21日盛传许家印被抓，他与保镳一度激烈反抗。许家印因此没有出席26日的恒大周例会，改由行政总裁肖恩主持。
陆媒财新英文网24日报导，中国恒大前首席执行官夏海钧、首席财务官潘大荣均已被控制或带走。夏海钧此前是恒大第二号人物。
据知情人士透露，中国恒大集团及其子公司的多名现任和前任高层已接受调查，当局正在调查这家陷入困境的企业集团是否违反资金使用规定。
消息人士称，潘大荣最近被中国大陆当局拘留，夏海钧在2022年中左右返回大陆后也对其实施了限制。两人均负责这家房地产巨头的财务业务，并于去年7月因涉嫌卷入银行存款丑闻而辞职。
在此之前，恒大集团前执行总裁柯鹏今年1月被警方带走调查。他涉及深圳的旧改项目，曾经被视为恒大最重要的“压舱石”。
恒大财富总经理杜亮等人16日被深圳公安采取刑事强制措施；恒大人寿前董事长朱加麟21日传出被调查。这两家公司都被视为许家印的“钱袋子”，为恒大自身或关联的项目提供融资。
陆媒钛媒体昨晚报导指出，夏海钧等人被有关部门控制，是一个非常明显的信号，说明相关部门对恒大的处置，或已到了收网的阶段，即使是以前离职的高管，也难逃其责。
报导指出，恒大的融资管道被堵上，债务重组也被搁置，显示当局开始收网。
中国恒大24日晚间公告称，鉴于恒大地产集团正被立案调查，目前的情况无法满足新票据的发行资格。
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报导指出，中国房企发行票据是有相关规定的，“境内企业境外发行证券和上市管理试行办法”第8条规定，存在五种情形不得境外发行上市，其中之一是“境内企业因涉嫌犯罪或者重大违法违规行为正在被依法立案调查，尚未有明确结论意见的。”
而恒大公告中提到“恒大地产集团正在被立案调查中”，是在今年8月16日收到中国证监会下发的立案告知书，因公司涉嫌讯息披露违法违规，中国证监会决定对恒大地产立案。
报导强调，其实恒大地产被立案调查后，恒大就知道不能发行新票据。无法发行新票据，就是没法再发债借钱，意味着从融资端堵住了恒大的输血管道，也意味着恒大境外债务重组或将以失败告终。
此前，恒大债务重组表决会议一再延后，9月22日直接告称，由于销售情况不如预期，债务重组会议将不会举行。
陆媒北向财经报导也指出，恒大财富负责人杜亮16日被警方采取强制措施；恒大债务重组会议22日被搁置；恒大24日公告无法满足新票据的发行资格，“如同三把利剑，每一把都直指恒大的命门。”
报导指出，短短一周时间，如此密集的动作，表明高层已经下决心要解决恒大的问题。许家印会迎来什么样的结局，其实答案早就已经明了，自从他手下3员大将被抓，一切就只是时间问题了。
报导研判，恒大金融帝国将轰然倒塌，累累废墟之下，是无数普通人的血汗，这一切应该有人负责。恒大的债务问题，极大机率将会以专案或者地区为个体，分拆解决。透过国资或者民企进入，拆分打包，最后分而食之。
来源: RFA/中央社
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Read more2025 Could Be a Great Time to Be President, Economically Speaking
Trends already underway make for a sunny outlook over the next few years. The question is who will get to take credit.
Read moreBefore Paris, London Showed How the Olympics Could Be Sustainable
Paris aims to be the most sustainable Olympic Games in history, but it was London over a decade ago that proved host cities didn’t have to end up with empty stadiums in disrepair long after the Games were over.
Read moreNew Foxconn deal shows how Chinese provinces are stepping up to entice overseas firms
Foxconn will splash out on EV projects and set up robotics industrial bases in mainland China amid geopolitical risks and supply-chain disruptions.
Read moreChina doubles cash subsidies to propel EV sales as economic growth falls short
Consumers who replace their conventional cars with an EV stand to receive a subsidy of 20,000 yuan (US$2,770), up from 10,000 yuan announced in April.
Read moreRupert Murdoch’s Game of Thrones
The battle between the media mogul and three of his children over control of his empire has big ramifications for politics, media and more.
Read moreNo new coins ordered by the Treasury this year
The Treasury has denied that coppers will be scrapped completely but none will be minted in 2024.
Read moreUK secures seabed land deal to boost windfarms
GB Energy to partner with the Crown Estate to push forward offshore windfarm projects
Read moreFord shares tumble 13% after massive earnings miss
The automaker increased its target for free cash flow but maintained its 2024 earnings guidance, disappointing some investors who had hoped for a hike.
Read moreCrowdStrike backlash over $10 apology voucher
Cybersecurity firm is branded a "clown show" for gesture after an update caused widespread disruption.
Read moreChina Unexpectedly Cuts Interest Rate as World Markets Sag
The central bank lowered a key rate in its latest effort to steady China’s economy, as Asian stock markets followed Wall Street down.
Read moreStock Market Rotation Leads to Small Cap Rally
Shifting views on the economy have led to a “rotation” in the stock market. Small stocks and companies geared toward the economic cycle are rising. Big Tech is lagging.
Read moreChina’s uneven recovery risks more US protectionism, with or without Trump
China’s trade surplus and deflationary policies propping up its push for hi-tech manufacturing mean a sharp US response is likely, whoever wins the November election.
Read moreBoeing not yet facing clear skies in China even as deliveries resume, executive visits
Boeing Global president Brendan Nelson concluded a visit to Beijing on Tuesday, while deliveries of the troubled 737 Max jet to China also resumed this week.
Read moreChina aims to step up Russian energy cooperation despite US sanctions calls
Vice-Premier Ding Xuexiang made the comments at the Sixth China-Russia Energy Business Forum in Moscow on Tuesday.
Read moreUkraine Presses China to Help Seek End to War With Russia
A visit by the foreign minister of Ukraine to Guangzhou this week signals Kyiv’s desire to involve Beijing in peace talks that China has thus far largely snubbed.
Read morePanda bond sales hit record as cheap credit lures global issuers
Sales of panda bonds jumped to a record US$17 billion this year, beating the previous record for a comparable period of US$11.8 billion of sales established in 2023.
Read moreTrump’s Lawsuit Against ABC and Stephanopoulos Can Move Forward
The litigation stems from a March 10 interview in which George Stephanopoulos, the network’s star anchor, referred to a civil case brought against Mr. Trump by E. Jean Carroll.
Read moreRate cuts, state funds for China’s trade-in scheme as Beijing moves ‘on a path to easing’
China cuts one-year medium-term lending facility and allocates 300 billion yuan (US$41.3 billion) in ultra-long-term treasury bonds on Thursday.
Read moreOn Economic Policy, Harris Has Played Limited Role
President Biden has not given his vice president an expansive economic portfolio. But she has engaged on issues of small-business lending, help for parents and more.
Read moreChina’s economic powerhouses, tasked with lion’s share of GDP growth, vow deeper reforms
Measures being rolled out by local authorities across China could offer a glimpse at national policies expected at the midyear Politburo meeting.
Read moreNBA says Amazon will be its new media partner, rebuffing Warner Bros. Discovery attempt to match deal
NBA informs Warner Bros. Discovery it intends to ignore its matching rights and move forward with Amazon as a partner
Read moreWould-be reality TV contestants 'not looking real'
A growing use of AI is said to be both harming and helping makers of reality TV.
Read moreKamala Harris Works to Build Bridges to the Business World
The vice president has sought to raise her profile among executives, to whom she has been something of an enigma.
Read moreCan China’s Politburo ‘break the deadlock’ on economic growth as half-year comes in focus?
Compared with China’s just concluded third plenum, a Politburo meeting in the coming days is expected to more directly impact market expectations.
Read moreChipotle earnings and revenue top estimates, restaurant traffic rises again
Shares of Chipotle have risen 24% this year, bringing its market value up to $72.82 billion.
Read moreHalting the Bird Flu Outbreak in Cows May Require Thinking Beyond Milk
A new study paints a complex picture of the outbreak, suggesting that the virus could be spreading in multiple ways and that it is not always mild in cows.
Read moreS&P 500 Suffers Biggest Drop Since 2022 as Tech Stocks Crater
The index fell 2.3 percent after disappointing earnings reports from Alphabet and Tesla. The Nasdaq composite fell 3.6 percent.
Read morePfizer's gene therapy for rare genetic bleeding disorder succeeds in late-stage trial
The hemophilia A treatment could become the company's second gene therapy to enter the U.S. market after Beqvez, which was cleared in April for hemophilia B.
Read moreKathy Willens, Photojournalist Seemingly Everywhere, Is Dead at 74
Guided by a keen sense of timing, she covered wars, sports, riots, politics and more for The A.P. in the ’70s, when few women worked as news photographers.
Read moreAMC warns of second-quarter earnings 'weakness,' with revenue and profit down
AMC's preliminary results revealed revenue down more than 23% during the period and a net loss, compared to a profit during the same period a year earlier.
Read moreExplosion at Jose Cuervo Tequila Factory in Mexico Kills 5
The explosion on Tuesday in the city of Tequila, near Guadalajara, killed six workers and left two others wounded, the authorities said.
Read moreDancers Drop Threat to Strike During Paris Olympics Opening Ceremony
Organizers avoided disruption by agreeing to give performers on temporary contracts a greater cut of broadcast royalties.
Read more'Inside Out 2' is now the highest-grossing animated movie of all time, surpassing 'Frozen II'
Disney and Pixar's 'Inside Out 2' is now the highest-grossing animated movie of all time, surpassing Walt Disney Animation's "Frozen II."
Read moreCan Kamala Harris Sell Bidenomics?
Much of President Biden’s agenda polls well, but voters roundly dislike his handling of the economy. That’s a campaign challenge for his vice president, as she mounts a presidential bid.
Read moreChinese firms urged to brace for tech-for-market swap with inevitable overseas expansion
Chinese firms ambitious about going abroad urged to embrace ‘technology for market’ strategy that allowed China to obtain technologies since the 1980s.
Read moreWhy Tesla Is Still Struggling
Sluggish car sales and a tough price war with rivals are weighing on Elon Musk’s electric vehicle company.
Read moreChina’s nudges ‘high quality’ firms to seek overseas debt funding
China’s top economic planner has encouraged qualified firms to borrow medium- and long-term debt abroad amid a slowdown of US dollar fundraising.
Read moreSmall Banks Say Their Commercial Real Estate Loans Are Fine
Community banks are big commercial real-estate lenders. But they say their loans are to sturdy local businesses, not those facing vacant office space.
Read moreLuxury brands in China take hit on low consumer confidence as economy slows
Asia sales of Louis Vuitton owner LVMH fell 13 per cent in the first half, while Chow Tai Fook’s plummeted 20 per cent in the second quarter.
Read moreWhy Paper Checks Refuse to Die
It’s hard to avoid hassle — or fraud — when you’re required to pay with paper and ink. Here’s why checks persist and why some people don’t mind.
Read moreBeefed-Up Olympics Security Thins Out Tourists, Squeezing Merchants
French businesses had hoped the Games would bring an economic boom, but metal fences and police checkpoints have turned some areas of Paris into dead zones.
Read more‘In China for China’: German firms buck trend, bring best tech and products to compete
With fewer options amid geopolitical strife and supply-chain disruptions, capitalising on China’s massive market requires a more inward-facing plan for foreign firms.
Read moreTesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
Read moreDelta Won’t Let Minors Fly Unaccompanied in Wake of Outage
Pete Buttigieg said on Tuesday that the U.S. Department of Transportation had opened an investigation into Delta’s ongoing response to Friday’s global tech outage.
Read moreWhy Chinese consumption cannot completely be blamed for global imbalances
China’s actual household consumption is much higher when properly adjusted for social transfers, purchasing power and housing expenditure.
Read moreJudge Refuses to Block F.T.C.’s Noncompete Ban as Lawsuits Play Out
A federal judge in Pennsylvania denied a request to delay the rule, siding with the agency and diverging from another court’s decision this month.
Read moreGreater Bay Area home sales surged in June after property market rescue package
Demand for new homes in the Greater Bay Area rebounded last month after Beijing’s historic measures to rescue the property sector took effect. However, a meaningful recovery in prices will take time amid economic headwinds, says Cushman & Wakefield.
Read moreBlind Barbie Joins Mattel Lineup
A second new doll, a Black Barbie with Down syndrome, is part of the toymaker’s effort to be more inclusive.
Read moreTravelers Delayed or Stuck by the CrowdStrike Outage: What Did Your Airline Provide?
The flight disruptions brought on by the global I.T. failure were deemed within the control of the airlines, meaning airlines have to reimburse passengers for meals, transportation and hotels. Did your carrier live up to the requirement?
Read moreA Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
Real estate, with its large transaction sizes and frequent use of bank wires, has proven to be an especially lucrative target for cybercriminals.
Read moreWalter Shapiro, Political Columnist With a Contrarian Streak, Dies at 77
He brought to his writing a sharp sense of humor, honed in stand-up comedy clubs, and never pulled punches even though he was an unabashed Democrat.
Read moreThe U.A.W. Is Holding Off on Endorsing Harris
Unlike other prominent unions, the auto workers are taking their time to ensure that the vice president is aligned with them on key policy questions.
Read moreTransportation Department to Investigate Delta After Flight Delays
Pete Buttigieg, the transportation secretary, made the announcement after the airline suspended travel for unaccompanied minors.
Read moreG.M. Will Restart Cruise Taxi Operations
General Motors said the self-driving division’s cars will run in Dallas, Houston and Phoenix after an accident last year. Human drivers will supervise the cars.
Read moreJune home sales slump, pointing to a buyer's market as supply increases
The median price of an existing home sold in June was $426,900, an increase of 4.1% year over year
Read moreCoca-Cola tops earnings estimates, hikes full-year outlook as global demand rises
Coke beat earnings estimates and raised its outlook, as volume grew globally.
Read moreGM slows its EV plans again even as sales grow
GM is again slowing its plans for all-electric vehicles by further delaying a second electric U.S. truck plant and the Buick brand's first EV.
Read moreLawmakers introduce bipartisan bill aiming to crack down on drug middlemen as scrutiny ramps up
The bill's introduction comes amid a hearing featuring testimony by UnitedHealth Group's Optum Rx, CVS Health's Caremark and Cigna's Express Scripts.
Read moreShanghai to implement policies to boost Yangtze River Delta, galvanised by third plenum
Shanghai and neighbouring provinces of Zhejiang, Jiangsu and Anhui will fine-tune their business environment to spur activity in the YRD region, official says.
Read moreGlobal demand for Chinese e-commerce goods boosts low-value trade untouched by tariffs
Buying Chinese products online has become increasingly popular, and shopping platforms such as Temu and Shein are riding the e-commerce wave.
Read moreChina’s timely tax reforms will help local governments deliver stability
With a shift away from disproportionately expecting state governments to power growth, the focus must now be on social welfare and stability.
Read moreWhy Some Donors Are Holding Back on Endorsing Harris (for Now)
Fear of being seen as circumventing an open nomination process is one reason that some backers have not yet publicly endorsed the vice president.
Read moreChina’s non-financial debt growth slows with firms and households unwilling to leverage up
Growth of outstanding debt within China’s non-financial sectors fell to the lowest level in more than two decades in the second quarter.
Read moreFinally, a Way Around Exorbitant Rental Car Surcharges for Tolls
Temporary toll passes, now free for those who rent cars at the Orlando airport in Florida, allow drivers to avoid charges for toll payment devices. Could this be a model for other destinations?
Read moreHow foreign firms can stay on their feet in China’s dynamic market
The era of easy money is over. China’s market-friendly reforms come with rising costs, and greater political control and regulatory scrutiny.
Read moreChina auto giant SAIC Motor decries EU’s ‘illegal’ anti-subsidy probe, hints at challenge
Brussels’ new tariffs on China’s EVs are grinding gears in its auto industry, and SAIC Motor is pushing back.
Read moreArtificial Intelligence Has a Math Problem
A.I.’s math problem reflects how much the new technology is a break with computing’s past.
Read moreChina hopes US firms can ‘play a strong role’ after top executives visit Beijing
A delegation from the US-China Business Council met with Chinese Vice-Premier He Lifeng and Foreign Minister Wang Yi in Beijing on Monday.
Read moreChina Wahaha heiress Kelly Zong Fuli back at the helm after ‘friendly negotiations’
Kelly Zong Fuli, heiress of once China’s largest soft drink producer, returns to the helm after resigning last week, following “friendly negotiations” with shareholders.
Read moreGoogle’s Plan to Buy Wiz for $23 Billion Falls Apart
Wiz’s chief executive said the company walked away from a “humbling offer” and would pursue an initial public offering instead.
Read moreWhat makes an athletics track fast?
The makers of athletics tracks are tweaking their surfaces to make them faster.
Read moreIs Vietnam losing its appeal for China’s manufacturers bypassing US tariffs?
Vietnam has long been a preferred destination for foreign-invested projects, but rising costs are pushing Chinese firms to consider their options.
Read moreChina’s third plenum vows to support ‘capable’ private sector to lead tech innovation
Support for China’s private sector was discussed at the third plenum, which also vowed to make the state sector ‘stronger, better and bigger’.
Read moreChina’s rural land reform could be a cash cow for farmers after bold move at third plenum
Looking to give China’s economy a jolt, Beijing’s third plenum featured long-awaited plans that could make rural resources more valuable and address the rural-urban income gap.
Read moreChina’s housing may get extra help by July’s end as policymakers strive to reverse slump
Policymakers, concerned about weak domestic demand, may ‘step up easing rhetoric and measures’ at this month’s Politburo meeting, Goldman Sachs says.
Read moreXiaomi founder Lei Jun said US sanction fears spurred smartphone maker’s EV push
Within two months of being temporarily placed on a US military blacklist, Xiaomi announced plans to enter China’s saturated electric vehicle market.
Read morePromises abound of deepened reform, but what did China’s third plenum tell us?
In this week’s issue of the Global Impact newsletter, we look back at the conclusion of China’s third plenum.
Read moreChina’s youth, anxious over job market, trust in science to secure their future
As China’s students face an uncertain job market – and the country pledges more resources to tech – they are opting to study science, helping to maintain an ‘engineering dividend’ as the population declines.
Read moreChina’s third plenum holds out hope for debt-hit local governments with funding reform
China to aim for ‘clear division’ of central-local responsibilities and coordinated finances, full text of third plenum decisions shows.
Read moreChina cuts key rates after third plenum to support economy, but ‘heavy lifting’ needed
People’s Bank of China lowered the seven-day reverse repo rate, as well as both the one-year and five-year loan prime rates, just days after the conclusion of the third plenum.
Read moreWhy Nigerians are praying for the success of a new oil refinery
A vast new oil refinery in Nigeria is aiming to reduce the price of petrol in the country.
Read moreHere’s how China can fund its third plenum goal of high-quality development
Given China’s weakened financial position, it must embrace low-cost reforms that drive growth without adding to budget pressures.
Read moreBadminton mocked as becoming ‘rich people’s sport’ in China as shuttlecock prices surge
Demand for pork has increased in China, meaning less duck and goose is being sold, resulting in badminton shuttlecocks becoming more expensive.
Read moreChina’s pet economy being driven by elderly, singles dreaming of having cats and dogs
China’s pet economy is expected to reach 811.4 billion yuan (US$112 billion) by 2025, remaining prosperous despite ongoing economic headwinds.
Read moreChina’s fitness enthusiasts exercise caution as they look to make their yuan go a long way
In China’s wellness industry, which is expected to cross 100 billion yuan (US$13.8 billion) in 2026, only the fittest will survive.
Read moreLate to the game, Hong Kong’s big splash on tech must pay off
Forced now to diversify its economy, Hong Kong is moving forward on giving its industrial base the talent, land and funding that it needs.
Read more‘Opening up is China’s greatest reform’: noted economist calls for new market standards
Sound rule of law and modern market economy will drive China’s continued economic prosperity rather than frequent policy shifts, forum hears.
Read moreBeijing seeks to drive up China’s much-needed consumption by upping NEV number plate quota
Beijing is set to issue 20,000 new energy passenger cars with number plates to be used by families from Sunday.
Read moreChina’s humble consumers embrace down-to-earth lifestyle, rising ‘poor man’s meal’ trend
An ongoing trend of consumer spending cutbacks in China has intensified amid an economic downturn, drawing comparison with Japan’s ‘lost decade’.
Read moreChina wants to engage with Europe. Are Brussels and London listening?
Amid deteriorating relations with European governments, Beijing must clarify its positions and help set up an equitable power balance.
Read moreChina seeks ‘unified market’ to surmount regional barriers, boost consumption
China has called for a ‘unified national market’ to aid in the flow of goods and resources, arguing consistent rules across regions will help break down barriers to consumption and fuel economic growth.
Read moreHow a single IT update caused global havoc
Friday's IT outage is a poignant reminder of how reliant the world has become on devices managed remotely by huge firms.
Read moreWhat will future aerial dogfights look like?
AI with dogfighting ability is being developed by the UK and US air forces.
Read moreCan we make work meetings more bearable?
The providers of video meetings software are now offering AI tools that help the participants.
Read moreHow AI is fuelling uncertainty for game developers
In a struggling games industry AI has been hailed as a possible saviour. But not everyone's convinced.
Read more
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