Canary Wharf skyscraper faces uncertain future as China cracks down on builders October 6, 2021 Many development projects in London are in limbo as Beijing is cracking down on overleveraged firms and casting a pall of uncertainty on their ability to bankroll their ventures. Greenland, a major Chinese real estate developer which rushed to London in post-recession boom along with many others, is reportedly struggling to finish ‘Spire’, which when [...]
Chinese airlines push back against IATA’s net-zero pledges October 5, 2021 Chinese carriers lobbied global airlines body IATA to push back its net-zero 2050 deadline but they were rejected by the organisation, which stressed its commitment to the Paris Agreement, according to reports. Chinese airlines have pushed back against the International Air Transport Association’s (IATA) resolution to commit to net-zero CO2 emissions by 2050. Carriers reportedly [...]
China GDP on a roll October 21, 2005 China’s economy recorded a whopping 9.4 per cent growth in the last quarter, leaving the anaemic economies of the West far behind. Growth exceeded analysts’ expectations as the Chinese juggernaut was bolstered by strong exports and high public spending. Real gross domestic product (GDP) grew by 9.4 per cent on last year on the back [...]