Hongkong Land pays a record 31 billion yuan for Shanghai land plot as it continues its search for growth in mainland China

Hongkong Land, 50 per cent owned by Jardine Matheson, plans to build office buildings, shopping malls and high-rise apartment buildings on the plot at West Bund. The parcel will yield 1.8 million square metres (1.94 billion square feet) of gross area. Hongkong Land Holdings Limited, a unit of one of the biggest British conglomerates of the colonial era, has paid a record price for a piece of … http://bit.ly/2TTUUY9

Coronavirus: China’s risky plan to revive the economy

Beijing is targeting a second-quarter rebound but the crisis has exposed the limitations of the system under Xi Jinping. Chinese leaders used to worry about when economic growth might slip below the level of 6 per cent to avoid job losses and social unrest. But now, as they face the prospect of the first quarter of zero or negative growth since the chaos of Mao Zedong’s cultural revolution, they … https://on.ft.com/333Zxmu

For the US and China, interdependence is a double-edged sword

Economic exchange can produce welfare gains, but it can also be used as a weapon. With the coronavirus outbreak, nature has reminded us how much the US and China are economically entangled. But politics is also involved as some in Washington form strategies for a second cold war and economic decoupling. Economic exchange can produce welfare gains for both sides, but it can also be used as a … https://on.ft.com/2UsPR2O

Macro Outlook: Steady As She Goes on Deleveraging

The recent Politburo meeting on July 31 reaffirmed Beijing’s priority of containing China’s debt, focusing on state sector and local government deleveraging. Beijing will primarily use administrative measures, and to a lesser extent financial regulation, to contain financial risk for the rest of 2018. While monetary policy will continue to be modestly accommodative, the d … http://bit.ly/2Dz6hPD

The Reforms China Needs

Under pressure from Donald Trump’s tariffs, China might be tempted to try to stimulate aggregate demand using short-term measures, much as it did after the 2008 global economic crisis. A better strategy, however, would be to focus on structural reforms. This year marks a decade since the global financial crisis erupted. For the United States, 2018 is very different from 20 … http://bit.ly/2DCgScw