Two provincial leaders’ styles offer a glimpse at contrasting development paths in China; housing prices in 100 major cities in China continue to stumble; fresh data lower flows of cheap capital from Beijing and a possible rise in borrowing costs across the American economy.
Following this CD post from last Saturday "Has the Real Estate Market Finally Bottomed Out?" comes this WSJ article " Rise in Phoenix Housing Shows Path for Other Cities ": "As home prices continue to drop in most cities, a nascent ... Read Post
By Andy Bruce and Sarah Young LONDON (Reuters) - British inflation eased more than expected in July and the pace of house price growth slowed in June, according to data that underscored the Bank of England's message that it is in no... Read Post
BEIJING (AP) — China's central bank announced Saturday a slight easing of its controversial currency controls. It says it will allow the country's yuan to rise and fall by a slightly wider margin against the dollar in daily trading.... Read Post