China's Tallest Building Fails to Find New Owner After Two Public Auctions, Despite Huge Price CutAn iconic commercial building designed to be “China’s tallest” failed to sell again at a recent auction, even after a price cut of 2.6 billion yuan (approx $360 million), highlighting the spread of the real estate crisis to the commercial real estate

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Alibaba Founder's Canceled Stock Sale a Sign of China's Shrinking Private SectorAlibaba founder Jack Ma (Ma Yun), one of China’s richest men, has halted plans for a huge stock sell-off after the company’s stock slid dramatically, according to a memo posted internally at the tech company on Nov. 22. Nonetheless, analysts say the

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Declining Business Revenues Prompt China to Levy More Money on Affluent IndividualsLocal governments within China are strained financially due to their significant loss of tax revenue. Key industries the regime once relied upon for taxes have struggled with financial hardships while real estate companies have experienced successive defaults. To

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