Page 2 - Danzhou News Today

For two decades, starting in the mid-1990s, this approach was enormously lucrative as Chinese home prices soared. It transformed Hui, a former steel industry employee from a rural village, into Chinas richest man. And it turned his company, China Evergrande Group, into a vast real-estate empire. But as Evergrande grew increasingly laden with debt, the company resorted to ever-more unorthodox strategies to generate funds.

As China's property market goes through another meltdown, critics warn China's form of "despotic capitalism" could be facing its Minsky moment. But can Beijing's leadership put the economy back on track? Or will Xi Jinping have to resort to harsher methods?

Panic over China's rapid economic growth has fueled all manner of big-government proposals. They're looking even more foolish now.

Panic over China's rapid economic growth has fueled all manner of big-government proposals. They're looking even more foolish now.

The heir to the incandescent bulb is just getting started.

Multiple places across China have noted that local makeshift hospitals constructed during the COVID-19 pandemic remain idle. These announcements come after plans to construct a makeshift hospital in Jiamusi, Northeast China’s Heilongjiang Province have provoked a storm on social media. Local authorities in places such as Southwest China’s Chongqing, Xingtai in North China’s Hebei Province and Zigong in Southwest China’s Sichuan Province noted that their makeshift hospitals are no longe...

© Provided by Xinhua HAIKOU, July 5 (Xinhua) -- As the summer sun sets, the alluring fragrance of Yurui flowers becomes irresistible to tourists, drawi

This photo shows fallen Yurui flowers in Qili Village, Danzhou City, south Chinas Hainan Province, June 21, 2023.I never expected to find such a culturally rich and pleasant village in Hainan,

HAIKOU, July 5 (Xinhua) -- As the summer sun sets, the alluring fragrance of Yurui flowers becomes irresistible to tourists, drawing them to explore the village

Across China: Small village flourishes as rare flowers draw visitors-