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A lovely trade war for China’s property firms

The trade dispute with the US hangs like an ax over China’s economy, but for the country’s real estate developers, it’s a boon. Onshore funding is opening up and the government is once again smiling on higher prices. Property investors should be doubly relieved: Beijing’s measures to rein in financial risk and cut developers’ access to debt have so far ...

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The Trump economy is strong. So why exaggerate?

There’s no denying that, since Donald Trump was sworn in as president in January 2017, the US economy has been doing quite well. Growth in real gross domestic product has been steadily accelerating. Strong job growth has also continued, with gains in nonfarm payroll employment even accelerating a little this year, which is pretty remarkable this deep into an economic ...

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China gives Tencent 1 billion tempting target on WeChat

Pony Ma has been very patient. Unfortunately for him, investors haven’t, and earnings will give them little reason to hold their breath. Net income and revenue at his Tencent Holdings Ltd both missed estimates. Concerns that rising costs would squeeze margins have helped to wipe about $150 billion off the Chinese goliath’s market value since January. Now China’s halt in ...

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