Beijing

The real estate market in China has been in turmoil due to fears of insolvency, Country Garden is scaring investors

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Pictured here are residential buildings developed by Country Garden Holdings Co. in Baoding, east China’s Hebei province, Tuesday, August 1, 2023. Qilai Shen | Bloomberg | Getty Images BEIJING – Two years after Evergrande’s debt woes, concerns about China’s real estate sector have come to the fore again. Country Garden, one of the top non-government … Read more

Bizarre trend of pro-Russian war propaganda sweeps Chinese social media

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Last year, a man claiming to be a Russian soldier fighting in Ukraine in the Moscow War began posting triumphant videos on a Chinese social media app from the alleged battlefield, applauding Russian fighting and a victory demanded by the Kremlin. But things faltered when the alleged Russian soldier who was spreading anti-American and pro-Kremlin … Read more

Behind Xi Jinping’s firing of senior Beijing officials

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Xi Jinping is in tears. Beijing confirmed this week that it has replaced the general at the head of China’s missile force unit, General Li Yuchao, and his deputy, shaking up the very military force that would likely be central to any attempt to take over Taiwan. The unit, China’s People’s Liberation Army (PLA) Rocket … Read more

Military exercises in Taiwan offer chilling insights into defense plans should China attack

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Residents across Taiwan are preparing for an attack. From Monday to Thursday this week, Taiwan will hold a defense drill simulating a Chinese airstrike to prepare civilians for what to do if China invades. And Monday through Friday, Taiwan will hold a live ammunition drill to test Taiwan’s combat readiness for a response to a … Read more

LVMH owner Bernard Arnault is reportedly visiting China after luxury spending picks up again

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Hong Kong CNN — Bernard Arnault, Chairman and CEO of LVMH, has reportedly traveled to China for his first visit to the country since the end of strict Covid restrictions, after his company saw sales jump on a rapid recovery in Chinese luxury spending. The French entrepreneur is the latest in a string of prominent … Read more

Blinken meets with Chinese Wang Yi, all eyes on the possible meeting with Xi Jinping

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Beijing CNN — US Secretary of State Antony Blinken met with China’s top diplomats on the final day of a high-level visit to Beijing aimed at stabilizing ties. All eyes are on if Washington’s envoy will meet Chinese leader Xi Jinping later in the day. With world powers increasingly at odds, there is widespread international … Read more