Asia real estate and outbound investment news
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>>
When President Xi Jinping launched his anti-corruption drive last year by declaring war on “tigers and flies” few could have imagined that he was also helping Internet magnate Jack Ma to launch a whole new ecommerce initiative.
Now Ma’s Taobao.com,… Read More>>
The leader of Shanghai’s free trade zone abruptly left his position with the slow developing economic project in what is suspected to be part of a crackdown on corrupt officials in China’s largest city.
Dai Haibo, the executive deputy director… Read More>>
China created a new government agency on Thursday, which normally isn’t big news, but the new bureau set up to track real estate assets nationwide could become a key weapon in Xi Jinping’s struggle to tame his own bureaucracy.
The… Read More>>
While China’s luxury retailers fell well short of their goals in 2013, the major cause of the industry’s struggles was poor planning, not a government clampdown on bribery and draft, according to a survey conducted last week on Mingtiandi.
Among… Read More>>
Global luxury brands and the mall developers that love them have hit hard times in China as Xi Jinping’s anti-corruption campaign has seen shoppers desert high end stores.
According to a recent report in the South China Morning Post, many… Read More>>
