China 

Chinese attendees give US investment conference their collective snub as year-long trade war escalates, spills over to tech

The Chinese delegation to a major conference on foreign investments hosted by the United States government shrank sharply for a second year, as the protracted US-China trade war diminished business appetite amid tightening regulatory scrutiny in both countries on deals.A total of 76 company representatives and government officials from China attended the annual Select USA Investment Summit, down from last year’s 101 delegates and 155 in 2017, according to organisers of the Monday event in… Source link

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China 

Homebuyers snub Beijing’s version of a ‘Help to Buy’ scheme, setting back Xi Jinping’s edict to make property affordable

The Beijing municipal government’s pilot programme to help residents get on the property ladder received the cold shoulder from homebuyers during its launch last week, in a setback that bodes ill for the scheme’s subsequent roll-out throughout the country.Home Joy, a complex of 1,244 apartments built by Beijing Rongjia Real Estate Development, one of 64 so-called Joint-Ownership Homes (JOH) programmes in the Chinese capital, sold only 60 units last week, while 3,900 registered buyers dropped… Source link

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Global 

Beijing praises its own ‘import expo’ despite snub from US

Politicians and business executives from about 150 countries have signed up for Shanghai’s international import fair next month, despite the US refusing to send any senior government officials. Senior Chinese commerce officials told a media briefing in Beijing on Monday that the China International Import Expo had won acclaim and support from most of the world’s major trading nations. But no state leader or government head from the G7 will be attending, and major trading partners from South Korea to Australia will not be sending heavyweights to the event. The…

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