Why is the world worried about China’s property crisis?

BEIJING: China’s troubled property sector suffered another blow this month when disappointed homebuyers stopped making mortgage payments on products in unfinished tasks. The boycott came with many developers struggling to handle mountains of debt, and fears whirling that the crisis can spread to the remaining Chinese – plus global –Continue Reading

China reports 982 new COVID-19 cases for Jul 23

BEIJING: Mainland China reported 982 new COVID-19 cases for Jul 23, of which 129 were symptomatic plus 853 were asymptomatic, the National Health Commission said on Sunday (Jul 24). That compares with 817 new cases per day earlier – 164 symptomatic and 653 asymptomatic infections, which China counts separately. TheContinue Reading

Minister in India’s West Bengal arrested in education scam probe

KOLKATA: India’s financial-crime investigation agency imprisoned a West Bengal government minister on Saturday (Jul 23) for allegedly earning money off recruitment pertaining to state-run schools, officials said. Partha Chatterjee, who was education minister within the eastern state to get more than five years, was accused of appointing hundreds of educatorsContinue Reading

China’s government, Communist Party leaders vaccinated against COVID-19: Official

SHANGHAI: Leaders of China’s government and the Communist Party have been vaccinated against COVID-19 along with vaccines made in China, a health recognized said on Saturday (Jul 23). Zeng Yixin, deputy head associated with China’s National Health Commission, made the remarks at a push conference, without identifying the political commandersContinue Reading