Tue, 21-Oct-2025

Chinese city eases rules for developers amid cash crunch

Chinese city

BEIJING: The Chinese city of Chengdu has announced measures to make it easier for developers to sell properties, making it the first to loosen restrictions on the sector that has come under intense pressure following a debt crackdown by Beijing. The announcement comes after several real estate companies, led by industry giant China Evergrande, were plunged … Read more

Chinese city offers cash for clues in Covid ‘people’s war’

BEIJING:  A Covid-hit Chinese city is offering thousands of dollars for anyone giving clues in tracing the source of its latest outbreak, as part of a “people’s war” to stamp out one of the country’s largest resurgences in months. China reported 43 local cases on Tuesday in a Delta-driven surge that has fanned out to 20 provinces … Read more