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Guo Chen

China VAT

China Real Estate Sector Closes on First Month Under VAT

2016/05/31 by Guo Chen 1 Comment

For Chinese property developers, this week marks the closing of the first month under a new tax system that could either bring a reduction in costs, or new bureaucratic headaches to the industry.

The value-added tax (VAT) was rolled out… Read More>>

Xinhua Cites Spectre of Money Laundering After Chinese Student Buys $24M Vancouver Mansion

2016/05/23 by Guo Chen Leave a Comment

The growing wave of overseas property purchases by Chinese nationals could fuel money laundering, Chinese state media has warned, after it emerged recently that a Chinese student reportedly bought a C$31 million ($23.5 million) mansion in Canada.

In an unusually… Read More>>

Chinese in NYC

Beijing Storefronts Now Selling the American Dream and Golf

2016/05/18 by Guo Chen Leave a Comment

For many rich residents in the neighbourhood of Shuangjing near Beijing’s central business district, South Carolina is not far away.

Decorated with transparent glass and maroon-coloured signs, USA City Exhibition, situated on a bustling, narrow street corner flanked by high-end… Read More>>

Wu Xiaohui Anbang

Chinese Govt Investigating Anbang Following Failed $14B Starwood Bid

2016/05/10 by Guo Chen Leave a Comment

Anbang Insurance’s abrupt and unexplained withdrawal from a $14 billion bid for Starwood Hotels and Resorts last month came as a surprise for many observers who had tracked the sudden rise of the privately held mainland firm.

Now the China… Read More>>

tongzhou

Beijing Cracks Down on SOHO Office Sales After Tongzhou Deals Jump 1432%

2016/05/09 by Guo Chen Leave a Comment

Already home to China’s most stringent home purchase rules, Beijing last week announced fresh curbs on the property market in the city’s Tongzhou District, an area slated to become an important political and residential hub where a bulk the city’s government… Read More>>

Chinese beach tourists

$8.3B in Chinese Tourist Spending Boosts Australia’s Gold Coast

2016/05/03 by Guo Chen Leave a Comment

Australia is losing an important source of export revenue as its mining boom has waned in the face of China’s economic slowdown. Now, in an effort to spur growth, the country is turning its attention to deep-pocketed Chinese tourists looking… Read More>>

China Ghost City

Surge in Housing Starts Could Be Bad News for China’s Stock of Unsold Homes

2016/04/27 by Guo Chen Leave a Comment

China’s economic maestros achieved a victory in the first quarter, as recovering home sales helped to rekindle real estate investment, and rebounding land sales helped to refill the coffers of local governments. However, the rally has raised questions about the… Read More>>

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