These are strange days for China’s netizens. On March 15, the Chinese Communist Party relieved Bo Xilai, the Chongqing Party Secretary, of his duties after his police chief allegedly attempted to seek asylum in the United States. It was arguably the biggest political story to hit China in two decades, and Chinese microbloggers embraced it with gusto. In the hours following the concise, two-sentence official statement the state media carried about the firing, citizens posted millions of tweets to Sina Weibo, China's most popular microblog, speculating about the causes and circumstances of Bo’s abrupt fall.
From her leafy, 11th-floor rooftop terrace at the headquarters of Soho China Ltd ., billionaire Zhang Xin scans the relentlessly expanding Beijing skyline she helped create. Zhang’s avant-garde buildings -- some sleek as chopsticks, others stepped like rice terraces -- became part of the hottest real estate market on Earth in 2010.
Soho China Ltd. , the biggest developer in Beijing’s central business district, may buy land and properties as government measures to cool the market could lead prices lower and developers to sell uncompleted projects.
Shanghai and Beijing, the two cities with Asia’s fastest-growing office rents, are set to lead a surge in commercial property transactions in China as more developers sell assets to raise cash for housing projects.