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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A rebel holdout of Chinese lore fires the first salvo against the state’s year-long crackdown on real estate speculation

A small city in eastern China has begun to relax curbs on residential property, becoming the first local authority out of 50 Chinese cities to reverse the central government’s year-long campaign to cap soaring prices and crack down on speculation. The government of Heze – a fourth-tier city with a population of 8.3 million residents – in Shandong province has cancelled the three-year reselling ban imposed in 2017, and allowed developers to use more capital from their pre-completion sales, according to an announcement circulated by the local authority. “Heze fired…

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