Wynn opens Macau’s most expensive casino
The odds don’t look good for Steve Wynn, opening Macau’s most expensive casino this week even as gambling revenues continue to sink.
Big Chinese cities could see renewed home price spikes as housing glut eases
BEIJING (Reuters) – China’s biggest cities could see a further spike in home prices after inventories of unsold homes fell sharply in July, state news agency Xinhua reported on Tuesday, citing an industry report.
China needs housing space ‘the size of Singapore’ each year till 2030
BEIJING (Reuters) – China needs to build residential property space that’s roughly equivalent to the land area of Singapore, or 800 million square meters, every … Read more
China’s state planner drops call for monetary easing from statement
BEIJING (Reuters) – A research office at China’s top economic planner on Wednesday called for the central bank to cut interest rates and bank reserve requirements, but later removed the remarks in an updated statement posted on its website.
China says EU anti-dumping duties are ‘unjustifiable protection’
SHANGHAI (Reuters) – The European Commission’s imposition of heavy anti-dumping duties on Chinese steel bars is “unjustifiable protection for the EU steel industry,” the official … Read more
Apple’s revenue falls 33% in China
China is no longer Apple’s number two market and Tim Cook has a big task ahead if he wants to claw back market share. Ryan … Read more
Heavy rain in China kills at least 87, thousands evacuated
SHANGHAI (Reuters) – Heavy rain in China has killed at least 87 people and forced thousands from their homes, state media reported on Saturday.
U.S. warns at WTO of China backsliding on economic openness
GENEVA (Reuters) – The United States is worried that China is retreating from pledges to open its economy to market forces as it tries to cope with a slowdown in growth, U.S. trade diplomat Chris Wilson told the World Trade Organization on Tuesday.
China economy growing, but at only half of official estimates – SMI survey
BEIJING (Reuters) – A survey of Chinese sales managers indicates that the economy is growing but at only about half the rate of official estimates, a private survey showed on Tuesday.
Taiwan bus burst into flames, killing 26, including 24 tourists from China
TAIPEI (Reuters) – A Taiwan tour bus carrying tourists from China crashed into a highway railing en route to the airport on Tuesday and burst into flames, killing all 26 on board, Taiwanese authorities said.
Slowing China home price rises add to doubts about economy
BEIJING (Reuters) – Home price rises in China slowed in June for a second straight month, adding to fears that a construction-led rebound in the economy may not be sustainable.
China’s innovation economy a real estate bubble in disguise?
SHACHENG, China (Reuters) – The Chinese government’s call to the nation to build an innovation-driven economy from the top down has sparked a rush by … Read more
Floods hit China: almost 130 dead, 1.9 million hectares of crops damaged
SHANGHAI (Reuters) – Severe flooding across central and southern China over the past week has killed almost 130 people, damaged more than 1.9 million hectares … Read more