Caixin Global

20 hours ago | caixinglobal.com | Qing Na

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21 hours 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.

23 hours ago | caixinglobal.com | Lu Zhenhua

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China and the U.S. have agreed on the details to implement the trade framework reached by the two sides’ top negotiators in London early this month, according to China’s commerce ministry. The ministry said in a statement Friday that after the London talks, the teams from both sides have maintained close communication.

2 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.