Qing Na

1 day ago | caixinglobal.com | Qing Na

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1 day ago | caixinglobal.com | Qing Na

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China’s top auditor found that local governments have misappropriated tens of billions of yuan of state-run basic pension funds for various purposes, including debt repayment, as they face mounting financial strain.

3 days ago | caixinglobal.com | Chen Bo |Wu Xiaomeng |Qing Na

Explore the story in 3 minutesChina is gradually shifting from a decades-old housing presale system to a model emphasizing the sale of completed homes in response to a persistent real estate slump. This transition aims to address key issues in the presale model, most notably the misappropriation of presale funds—which were often diverted from construction to land acquisition due to lax supervision—leading to liquidity crises and a mounting number of unfinished housing projects.

3 days ago | caixinglobal.com | Chen Bo |Wu Xiaomeng |Qing Na

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China is steering away from a housing presale system that has been in place for more than three decades to one that encourages the sale of completed homes, as part of the country’s efforts to arrest the protracted real estate slump.

5 days ago | caixinglobal.com | Ding Feng |Zhu Liangtao |Qing Na

Explore the story in 3 minutesThe Chinese yuan’s ranking as a global payment currency dropped to sixth place in May 2025, its lowest position in four years and the second month in a row of decline, according to the monthly SWIFT tracker. The currency’s share of global payments fell to 2.89%—a nearly two-year low—from 3.5% in April. The total value of yuan payments also saw a sharp 23% month-on-month decrease.