real estate

China Web Users Push Out Official

Chinese netizens expressed outrage when it was exposed that Cai Bin, a local official in Guangzhou, and his family owned more than 20 homes. Cai has now been detained and is under investigation. From the Wall Street Journal: Cai Bin, who formerly ran the city’s urban management bureau in the d...

Industrial Production Slows in China, Inflation Rises

An industrial area as seen from the Western Mountains on Sept. 13, 2012 in Beijing, China. In September, China’s CPI increased 1.9 percent over last year. (Lintao Zhang/Getty Images) China’s stagflation, that is, high inflation and low growth, may create social turmoil if it drags on, accordin...

Mo Yan Wants to Buy a House in Beijing. Can He?

When asked by a Xinhua journalist what he would do with his prize money of RMB7.5 mil, Nobel winner Mo Yan replied:I’m getting ready to buy a house in Beijing, a big house. But then I’ve been warned I won’t be able to get anything that big. A house is more than RMB50,000 per square meter. RMB ...

Japanese Medicine Boycotted by Chinese Hospitals Over Island Row

A woman displays a poster during a protest over the Senkaku islands disupte, outside the Japanese Embassy in Beijing on Sept. 18, 2012. A boycott of Japanese goods and services is spreading through the Chinese economy. (Mark Ralston/AFP/GettyImages) The weeks-long diplomatic row over who has sover...