Chinese Firms Are Investing Abroad at Fastest Pace in Eight Years
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
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China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Real estate brokerage stocks tumbled Thursday on waning expectations for Federal Reserve interest-rate cuts, and as a disappointing earnings release raised concern about the sector’s outlook.
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
A South Florida office skyscraper from Related Cos. landed new finance tenants, including a John Paulson business and a private equity firm that counts Mark Bezos as a founding partner.
Dec 13, 2018
Bloomberg News
,(Bloomberg) -- Officials are tearing down illegal villas on the outskirts of the Chinese city of Xi’an, home of the famed terracotta warriors.
A Beijing News video showed some of the more than 1,000 homes demolished in a campaign that began in July. The villas were built without permits and damaged the environment, the official news service reported late Thursday.
Some landlords had simply abandoned their properties and couldn’t be contacted by the authorities, it said.
President Xi Jinping personally ordered the crackdown, according to a local government statement last month.
China’s terracotta army, unearthed in 1974, was created to guard the tomb of Emperor Qinshihuang, who lived from 259 to 210 B.C. It’s one of the nation’s big tourist draws.
To contact Bloomberg News staff for this story: Paul Panckhurst in Hong Kong at ppanckhurst@bloomberg.net;Charlie Zhu in Shanghai at qzhu46@bloomberg.net
To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net
©2018 Bloomberg L.P.