‘Four decades of rapid growth driven by the real estate sector crashes to an end in China’
For four decades, real estate development accounted for one-third of China’s gross national product (GNP) growth rate. Over the past 15 years, the construction boom, driven by the expansion of cheap credit, caused housing prices to double on average. By 2019, investor euphoria was at its peak. Real estate’s share of household wealth was now... Read More
Two Chinese ‘police stations’ uncovered in Germany | The Citizen
China’s 55 police stations Earlier this year, Spanish-based NGO Safeguard Defenders said China had set up 54 overseas police stations around the world, which are sometimes used to target critics of the Chinese Communist Party. German lawmaker Joana Cotar, whose request led to the information being disclosed, said it was an “outright scandal” the government... Read More