The authorities said they would stop funds being illegally funneled into property and that capital flow would be more forcibly balanced between real estate and other industries.
Tencent shares closed more than 2% higher in Hong Kong on Tuesday, valuing the social media and gaming giant at around $522 billion, according to FactSet. Facebook is currently worth a little over $519 billion.
China is the first country to frame “sharing economy” as a “national priority.” It fits with the image that Beijing wants to project: warm, generous, egalitarian.
North Korea was atop the list of priorities for President Donald Trump during his first visit to China, but it remains to be seen how much substantive progress was made on bringing parties closer to a dialogue aimed at denuclearizing the Korean peninsula. In this episode of the China in the World podcast, Paul Haenle joined Carnegie Vice President for Communications and Strategy Jen Psaki on the Carnegie Endowment’s DiploPod podcast to discuss Chinese perspectives on North Korea and the outcomes of Trump’s visit to Beijing.
Jen Psaki is Vice President for Communications and Strategy at the Carnegie Endowment for International Peace. She previously served as White House Communications Director in Barack Obama’s administration from 2015 to 2017 and as the spokesperson at the State Department under then Secretary of State John Kerry from 2013 to 2015.
Prior to joining the State Department in 2013, Psaki served as Deputy White House Communications Director, working hand in hand with the economic team during the financial crisis, and as a Senior Adviser and Traveling Press Secretary for the Obama campaigns during the 2008 and 2012 presidential elections.
Lonely dog owners in Beijing and a rented girlfriend in Fujian; the last Oroqen hunters in Heilongjiang and homegrown hip hop in Chengdu; young Chinese in an Indian tech hub and Hong Kong apartments only slightly larger than coffins—these are some of the stories we bring you in this dispatch of Depth of Field.
China called for a ceasefire in Myanmar’s Rakhine State so that Rohingya Muslim refugees can return from Bangladesh, proposing a three-stage approach to the crisis as diplomats from 51 mostly Asian and European countries gathered in Myanmar on Monday.
A high-level Chinese envoy wrapped up a four-day trip to North Korea on Monday after meeting with top officials and discussing the tense state of affairs on the Korean Peninsula and other issues.
China is on a drive to reduce its reliance on debt, a habit that some experts warn could lead to a global financial crisis.
Russia’s state-run oil group Rosneft has agreed to supply its new partner CEFC China Energy with almost 61m tonnes of oil over the next five years, strengthening the most high-profile corporate link in the burgeoning relationship between Moscow and Beijing.
