Sales of newly built homes surged to their highest level since 2006 in August. The Census Bureau reported Thursday that sales of new single-family homes hit a seasonally adjusted, annualized rate of 1.011 million. This was well above expectations for
Several major companies in China’s real estate industry have taken major blows financially. But the issue may be deeper than just surface business, and may point to factional struggles within the Party and recent moves meant to impact the finances of rival Party leaders. We…
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