This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. If you could talk again to someone you love who has passed away, would you? For a long time, this has been a hypothetical question. No longer. Deepfake technologies have evolved to…
China Unveils A Housing Market Bailout: Here's What's In It, And Why It Is Still Not Enough More than four years ago, when China first launched its latest "deleveraging" campaign targeted at bursting the country's housing bubble in a controlled fashion, which coincidentally was the single largest asset for China's massive middle class, we - and many others - said that this experiment was doomed and that all China is doing is delaying the inevitable bailout of the property sector...
China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate, in some of Beijing's most ambitious moves yet to lift the ailing housing market out of an unprecedented debt crisis.Property and construction accounts for more than a quarter of gross domestic product, but the sector has been under unprecedented strain since 2020, when authorities tightened developers' access to credit in a bid to reduce mounting...
The major stock market indexes (^DJI, ^IXIC, ^GSPC) are on the road to closing out the first full trading week of May on a high note, alongside several of its European counterparts: the FTSE 100 (^FTSE), the DAX Performance Index (^GDAXI), and the CAC 40 (^FCHI). President Biden is reportedly set to announce updates on Trump-era trade tariffs on China. Novavax (NVAX) shares are skyrocketing over 110% on news of the biotech company's plans to licensing deal with Sanofi (SNY, SAN.PA) to...
Anna Edwards and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg Markets Today." (Source: Bloomberg)
Local authorities will be allowed to turn unsold homes from developers into affordable housingChina will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures by Beijing aimed at propping up the country’s faltering property market.The People’s Bank of China said it would scrap the minimum rate of interest and reduce down-payment ratios to 15% for first-time buyers and 25% for second homes. It will also create...
Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China. “Honda has not changed its belief that EVs are the most effective solution in the area of
China's automakers dominate the domestic car market, especially for new-energy vehicles.
China's automakers dominate the domestic car market, especially for new-energy vehicles.
China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to expand their businesses in the world’s second largest economy, an annual survey of more than 500 European companies found.
European companies are less upbeat about China's vast market as its economy slows
An annual survey of more than 500 European companies has found that slowing growth in China is weighing on company plans to grow their businesses in the world’s second largest economy