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Singer Wu Hongfei Released After “Bomb Threat”

Wu Hongfei, the Beijing singer who was detained for ten days over comments she posted on her Weibo account, has been released from police custody. From the South China Morning Post: “I’m back home. Thanks for all the netizens’...

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...

China Real-Estate Market Rebounds

China's real-estate market, after experiencing a 2-year recession, appears to be warming up again. The bounce has temporarily eased both domestic and international concerns over China’s slowing economy. From Bob Davis and...

Inflation and Inequality

It is a truth, Zhu Rongji acknowledged, that a country with a Gini coefficient above 0.4 may be at risk of social unrest due to severe income inequality. While China’s official figure has been hidden for over ten years,...

CDT Money: China Cuts Reserve Requirement

China’s central bank announced a reduction in the amount of cash banks must hold as reserves on Saturday, capping a week that brought more signs of a slowing Chinese economy. The reserve requirement ratio for banks will...

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:...

China’s Hu Vows Forceful Measures to Curb Inflation – AFP

From AFP: Chinese President Hu Jintao has vowed “forceful measures” to curb rising food prices and address a booming real estate market that has seen property prices sky-rocket, state press said Tuesday. “The central government attaches great importance to commodity prices and has made it an important task to stabilise them,” Hu said in a […]

Shenzhen Housing Boom Further Ices Up – Guangzhou Daily

An update on Shenzhen’s cooling real estate market. Translated by CDT from Guangzhou Daily: The housing sector in Shenzhen further dipped to new lows in December, according to statistics released by a research center with the Shenzhen Zhongyuan Properties (深圳中原地产深港研究中心). In the year-ending month, buyers only purchased 170,000 square meters of properties among the stock […]

Mainland Real-Estate Spending Skyrockets – Winny Wang

From Shanghai Daily: Investment in the real-estate market on China’s mainland jumped 31.4 percent in the first 10 months of this year from 2006 to a mind-blowing 1.92 trillion yuan (US$259 billion), the National Bureau of Statistics reported yesterday. About 1.37 trillion yuan was invested in residential property, rising 33.7 percent from the same period […]

Shenzhen to Herald a China Housing Meltdown? – China Business News

From China Business News, summary translation by CDT: Mr. Wang, an owner of five or six properties in Shenzhen, has felt the chill running through the pioneering city’s real estate market. Wang is busy renovating a newly purchased apartment so he can rent it out and pay off the monthly mortgage. While recently doing the […]

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