China’s eastern cities of Nanjing and Hangzhou raised the minimum down payment required for second homes to 70 percent from 60 percent as more cities tighten property policies because of surging prices.
Diplomats fly, drive or otherwise fling themselves hundreds or thousands of miles to United Nations climate treaty talks every year. As they converge on Warsaw this week, with attendant nongovernmental organizations and journalists, it’s worth considering just how much pollution they create in the name of cutting pollution.
U.S. authorities are examining JPMorgan Chase & Co.’s ties to a consulting firm owned by the daughter of former Chinese Premier Wen Jiabao as part of a probe into whether the bank awarded contracts and jobs in order to win business deals, the New York Times reported today.
China’s state-owned companies, coddled by cheap credit and sheltered monopolies for years, face a less comfortable future after Communist Party leaders pledged to give market forces a bigger role in the economy.
The mission for the near-dozen Communists sitting round a table at a Beijing ministry was explicit: criticize their boss, who was present. Party cadres carefully recorded their comments as they spoke, in an echo of sessions held decades ago under Chairman Mao Zedong’s direction.