Chinese home buyers halt mortgage payments on unfinished projects

BEIJING: Chinese language home buyers in dozens of cities have got stopped making mortgage repayments for unfinished tasks, according to data through industry groups, deteriorating fears of monetary contagion in the state’s troubled real estate field. Professionals launched an attack on excessive financial debt in the property field in 2020,Continue Reading

Shanghai issues another rare extreme heat warning

SHANGHAI: For the third time this summer, Shanghai in china issued its maximum alert for severe heat as temperature ranges appeared set to check records in China’s most populous city on Thursday (Jul 14). The city of 25 million residents introduced a red notify, indicating temperatures were expected to riseContinue Reading