Three Chinese megacities ease homebuying rules to boost property market

Three Chinese megacities ease homebuying rules to boost property market

Beijing: Three Chinese megacities on Monday eased restrictions on buying homes and Beijing’s central bank said it would ask financial institutions to lower mortgage rates, as the country seeks to pull itself out of a housing slump. The measures are the latest in a raft of pledges out of Beijing since last week aimed at … Read more

Biden and Xi Jinping hold phone call ahead of Yellen’s trip to China

Biden and Xi Jinping hold phone call ahead of Yellen’s trip to China

U.S. President Joe Biden and Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation leaders’ week in Woodside, California, Nov. 15, 2023. Brendan Smialowski | Afp | Getty Images President Joe Biden spoke with Chinese President Xi Jinping on the phone Tuesday, a call the White House described as a way for … Read more