Chinese regulator stresses banks’ role in delivery of presold homes
As of mid-July, homebuyers in about 150 property projects across multiple cities refused to make mortgage payments due to delayed delivery of their presold homes.
Big Picture
Battle to sell broiled eels hits its stride ahead of Day of the Ox
This year, the Day of the Ox falls on a Saturday, when per-customer spending tends to rise, pushing up expectations among retailers and stores specializing in broiled eels.
Attractive mainland policies lure businesses from Taiwan
Preferential policies on taxation, customs clearance, land use, and talent recruitment are some of the perks that Tawainese businesses benefit from.
Vietnam PM calls for safe, healthy development of real estate market
Pointing out limitations of the market, Prime Minister Pham Minh Chinh asked ministries to create a healthy environment for the property market.
China’s cross-border e-commerce speeds up development
The import and export of the country's cross-border e-commerce increased nearly ten times in five years, making it a new driving force for foreign trade development.
Upgrades help goji berries lift people out of poverty in Ningxia
As a pillar industry, the output value of the sector has reached 12 billion yuan while the regional brand is worth 19 billion yuan.
Indonesia’s logistics costs still high due to trade imbalance in eastern regions
The Transportation Ministry said that ships returning from eastern ports with empty cargo holds remained the core challenge of the sea lane program.
RCEP unleashes Chinese enterprises’ true potential
An expert predicted that Chinese enterprises will likely intensify cross-border industrial capacity cooperation with counterparts from other RCEP members.
Japanese start-ups entering reforestation market
Companies like Green Foresters engages in reforestation in the Kanto region of Tokyo. Owner Shotaro Nakai says, “mountain restoration is an area [that] has room for growth”.
Korean companies rush to develop diagnostic kits for monkeypox
A number of firms that developed diagnostic kits for Covid-19 are involved.