housing market

Ghost Towns: No Place To Live If There’s No Work

Government efforts to urbanize China's population by building new towns are failing due to a lack of local jobs; one of the many newly constructed towns, Tieling, remains empty because residents cannot find employment: Urban...

Outspoken Singer Detained Over Explosion Remarks

AP reports that Wu Hongfei, singer for the Beijing-based rock outfit Happy Avenue (幸福大街), has been detained for comments that she posted on her Weibo account: Police have detained an activist singer who wrote that she wanted to...

Misused Funds In Government Construction Projects

Xinhua reports that a top auditor in China found that 5.8 billion yuan (US$943 million) for  low-income housing had been embezzled in the past year: The goal of the project construction was reached as governmentshave allocated...

“Affordable Housing” Numbers Don’t Quite Add Up

Reuters investigates Beijing’s progress in increasing the country’s supply of affordable accommodation: To gauge the status of the scheme, Reuters visited a dozen building sites in the dusty city of Shijiazhuang...

China: Fast Food Nation, Too Fast Economy?

With the rise in food prices and labor inflation in China, fast food chains, such as KFC, are planning a rise in prices to offset these factors. Despite the rise in prices, the share price of Yum Brands Inc, KFC’s parent...

Property Prices See Second Consecutive Drop

In November, home prices in China continued to drop for the second consecutive month. Despite the government’s claims it was regulating the housing market, homes in over 70 cities saw the drop. The Wall Street Journal reports:...

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