News Snapshot:
China has reached a point of no return in its battle to contain what could be the biggest property crash the world has ever seen, experts are warning, putting the country’s Communist leadership and the global economy in peril. As western countries stand on the edge of a potentially ruinous recession in the coming year, China is also facing a slump thanks to “total collapse” of confidence among ordinary people in the once-buoyant housing market, the continued ravages of Beijing’s draconian zero-Covid strategy and an extreme heatwave that is affecting the supply of power and food. Alarm is spreading in...
