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Top China Stories from WSJ: Congress Buzz, Housing Prices Fall, Dollar Diversification
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.
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China Just Announced A Major Policy Change That Would Let The Yuan Move Twice As Fast Against The Dollar
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
Has the Real Estate Market Finally Bottomed Out?
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
Wealthy foreigners cash in as weak sterling makes expensive London house prices look cheap
Wealthy foreigners who wish to live in London are major beneficiaries of freezing interest rates at historic lows, which has caused the cost of living in the capital to fall below that in Beijing and Shanghai, according to internati... Read Post