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There has been a lot of debate about the impacts of the highly ambitious development interventions and projects of China in other developing countries. In
The Hong Kong stock market has finished lower in back-to-back sessions, slumping more than 250 points or 1.7 percent along the way. The Hang Seng Index now rests just beneath the 15,880-point plateau although it may stop the bleeding on Friday.
(Bloomberg) -- Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market. The prices they get will help finally put hard numbers on just how much trouble the wider industry is in. Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyEinhorn
The worldwide slump has already wiped more than $1 trillion off office property values alone — but the total damage is still unknown.
The Hong Kong stock market headed south again on Wednesday, one day after ending the two-day slide in which it had fallen more than 50 points or 0.5 percent. The Hang Seng Index now rests just above the 16,080-point plateau although it's expected to bounce higher again on Thursday.