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local governments

China’s July home prices fall at a slower pace as state support shows ‘some effect’

by Anas Siddiqui
China’s July home prices fall at a slower pace as state support shows ‘some effect’

Home prices across China suffered a 14th consecutive month of decline in July, a sign that authorities’ rescue package has done little to revive sentiment. Prices of new homes in …

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These are the 10 worst U.S. states for quality of life

by Akin Smith
These are the 10 worst U.S. states for quality of life

The job market may have cooled a bit, but there are still far more job openings nationwide than there are people available to fill them. That means qualified workers are …

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Baltimore bridge rebuild and a new debate over infrastructure spending

by Walter Watson
Baltimore bridge rebuild and a new debate over infrastructure spending

Three months after Baltimore’s Francis Scott Key Bridge collapsed – killing six people, shutting a major port and disrupting vehicle traffic along the Eastern Seaboard — local, state and federal …

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China’s tax man hands out decades-old bills to companies, hinting at funding shortage

by Anas Siddiqui
China’s tax man hands out decades-old bills to companies, hinting at funding shortage

China’s tax man hands out decades-old bills to companies, hinting at funding shortage Local governments in China have asked several companies to pay tax bills dating back as far as …

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China Evergrande’s EV unit caught unawares by demand for US$268 million of subsidies by local governments

by Anas Siddiqui
China Evergrande’s EV unit caught unawares by demand for US8 million of subsidies by local governments

The carmaking unit of troubled property giant China Evergrande has been asked by China’s local governments to return 1.9 billion yuan (US$267.7 million) of subsidies after the company failed to …

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Chinese Vice-Premier He Lifeng calls on cities to buy back residential land, unsold homes to aid distressed developers

by Anas Siddiqui
Chinese Vice-Premier He Lifeng calls on cities to buy back residential land, unsold homes to aid distressed developers

Chinese Vice-Premier He Lifeng called on local governments to purchase undeveloped land and unsold homes from property developers in a strong signal of Beijing’s determination to rescue the property sector …

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China property: Hangzhou, the headquarters of Alibaba and Geely, mulls buying unsold homes to boost market

by Anas Siddiqui
China property: Hangzhou, the headquarters of Alibaba and Geely, mulls buying unsold homes to boost market

Authorities in Hangzhou, the capital of China’s Zhejiang province, are planning to buy homes and rent them at affordable rates, the first such move by a local government after the …

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China’s local governments swap debt for data as pressure builds to relieve burdens

by Anas Siddiqui
China’s local governments swap debt for data as pressure builds to relieve burdens

Last year, China approved an updated set of accounting rules that allows companies to include data resources as either “intangible assets” or “inventories” in their financial statements. 08:36 A vanishing …

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South Korean adult festival featuring Japanese porn stars faces stiff opposition amid prostitution concerns

by Walter Watson
South Korean adult festival featuring Japanese porn stars faces stiff opposition amid prostitution concerns

The festival, organised by Play Joker, was initially scheduled to take place in Suwon, but was moved to Paju due to local opposition, and eventually faced cancellations at alternative venues …

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China property: why an uptick in Beijing, Shanghai home sales is unlikely to last

by Anas Siddiqui
China property: why an uptick in Beijing, Shanghai home sales is unlikely to last

The transactions of new homes in Beijing jumped 38.5 per cent year on year to 6,106 units in December, bringing the total volume of new homes sold across the city …

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