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

By:
On:
In: Asia

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

Commentary: Property crisis presents China with a dilemma

By:
On:
In: Asia

As more designers default on debt and stall housing projects, buyers are usually threatening to stop making loan payments. For that Chinese government, an effort to short-circuit the particular spread of mortgage boycotts risks fuelling the behaviour it’s trying to prevent, says Matthew Brooker associated with Bloomberg Opinion.Continue Reading

Who is Ranil Wickremesinghe, Sri Lanka’s new president?

By:
On:
In: Asia

Wickremesinghe has operate unsuccessfully for chief executive twice before, yet secured enough ballots among lawmakers regardless of controlling just one chair – as head of the United National Party (UNP). The Rajapaksas’ Sri Lanka Podujana Peramuna (SLPP) party, the largest in parliament, supported Wickremesinghe for the obama administration. Born intoContinue Reading

PM rips Pheu Thai over Thaksin

By:
On:
In: South-East Asia

Prime Minister Prayut Chan-o-cha had been locked in a fierce debate with the opposition on the first day time of the no-confidence movement as he challenged the particular Pheu Thai Part of bring two previous prime ministers in self-exile abroad to solve the nation’s problems.Continue Reading