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Putin will soon visit Central Asia and attend the Caspian summit, which is the first visit since the conflict between Russia and Ukraine
The central bank convened a meeting between financial institutions and 12 real estate enterprises, involving the rescue of M & a business
An Industry Built on Debt
Real estate has long been the stimulus behind China's rapid economic development. House-buying became an investment as prices soared, thus resulting in overbuild. Evergrande's downfall signals the halt on China's reliance on its real estate sector as the country seeks to regulate and strengthen the economy and its foundation.
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Hang Seng Index Company: Evergrande property was excluded from the Hang Seng China enterprise index.
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