‘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
US sanctions China-based firms over illegal fishing abuses | International Trade News | Al Jazeera
China has been criticised for practices such as “distant water fishing”, in which boats fish in international waters or the waters of other countries and outside of their 200 nautical-mile (300km) exclusive economic zone (EEV). China has the largest distant water fishing fleet in the world. — Read on www.aljazeera.com/news/2022/12/9/us-sanctions-china-based-firms-over-illegal-fishing-abuses 中国因“远洋捕鱼”等做法而受到批评,即船只在国际水域或其他国家的水域以及其 200 海里(300 公里)专属经济区 (EEV)... Read More