China’s top 100 property developers spent RMB 783.8 billion ($110 billion) on land purchases in the first 10 months of 2025, up 26.4% year-on-year, as private developers showed tentative signs of recovery after years of retreat, according to data released Saturday by the China Index Academy, reports Caixin. While central and local state-owned enterprises (SOEs) […]
Category: Brief
The Indonesian government is in debt negotiations with China over its $7.3 billion “Whoosh” bullet train, as the Beijing-backed high-speed railway racks up losses and risks creating an unmanageable debt burden for Jakarta, reports the Financial Times. The rail link connecting the capital Jakarta with the third-most populous city of Bandung was developed jointly by Indonesian […]
China will need to maintain average annual economic growth of 4.17% over the next decade to achieve its goal for per capita GDP to reach the level of a “mid-level developed country” by 2035, reports Caixin. This target was detailed in an official study guide explaining a key proposal from the Fourth Plenary Session of […]
China’s factory activity in October expanded at a slower pace as new orders and output both waned amid tariff anxiety, a private-sector survey showed on Monday, reports Reuters. The RatingDog China General Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 50.6 in October from 51.2 in September, missing analysts’ expectations of 50.9 […]
An increasing number of wealthy customers from mainland China are using Hong Kong to diversify their investments and expand their businesses globally, according to a senior executive of Hong Kong-based mid-tier lender China Citic Bank International, reports the South China Morning Post. “After many government efforts to promote family offices in recent years, we have […]