State Firms Step In to Buy Foreclosed Homes as China Tries to Stabilize Property Market

Chinese state owned enterprises are increasingly purchasing foreclosed residential properties, signaling that government backed efforts to absorb excess housing inventory are beginning to gain traction after years of market stress. The moves come as policymakers attempt to cushion the prolonged downturn in the

China Moves to Consolidate Sinopec and CNAF in Bid to Create Energy Powerhouse

China has approved a major reorganisation involving two of its largest state owned energy groups, signalling a renewed push to streamline the sector and build a more competitive national champion. The consolidation will bring together Sinopec and China National Aviation Fuel Group, according