China’s mortgage boycotts spread online with billions in home loans at stake

China’s mortgage boycotts spread online with billions in home loans at stake

Hundreds of thousands of homebuyers in at least 80 Chinese cities are refusing to pay their mortgages as property developers struggle to complete their building projects, signalling a new era of turbulence for China’s continued real estate crisis.  As of July 12, homebuyers in 22 Chinese cities had threatened to stop their mortgage payments over

China’s GDP growth misses expectations in the second quarter

China’s GDP growth misses expectations in the second quarter

While China’s exports surged by more than expected in June, imports climbed far less than anticipated. Workers pictured here disinfect a container ship terminal in Qingdao on July 13, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China eked out GDP growth of 0.4% in the second quarter from a year ago,

China’s economy didn’t bounce back in the second quarter, survey finds

China’s economy didn’t bounce back in the second quarter, survey finds

China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export. Si Wei | Visual China Group | Getty Images BEIJING — Chinese businesses ranging from services to manufacturing reported a slowdown

China’s future economic potential hinges on its productivity

China’s future economic potential hinges on its productivity

NOBLELIFT, BASED in Changxing, a town on the banks of Tai Lake, provides robotic tools for warehouse management: self-driving pallet jacks and sorting systems that make picking and fetching quicker and less dependent on humans. The factories in which it builds its wares are themselves a blur of robot arms. “There’s no comparison with the

Australia floats strategic dialogue with US to counter China’s ‘economic coercion’

Australia floats strategic dialogue with US to counter China’s ‘economic coercion’

Australian Prime Minister Scott Morrison wants to launch a new “strategic economic dialogue” with the United States to counter China’s economic clout. “Unlike the Cold War, geostrategic competition in the coming decades will be engaged in the economic realm,” former Australian Prime Minister Malcolm Turnbull said in an address to the Australian American Leadership Dialogue.

Central bank digital currencies could use networks like ethereum, China’s former digital yuan chief says | Currency News | Financial and Business News

Central bank digital currencies could use networks like ethereum, China’s former digital yuan chief says | Currency News | Financial and Business News

A consumer uses a digital yuan red envelope in a mobile phone to buy goods at a digital yuan cashier’s desk Costfoto/Barcroft Media via Getty Images Yao Qian, the former head of China’s digital yuan team said central bank digital currencies could use blockchain networks like ethereum in the future, Sina Finance reported on Monday.