Foreign investors are fleeing China
Jing’an century, a housing development with ponds and lush greenery in north Shanghai, should have been bustling with activity as workers put the finishing touches on flats. Instead the area is silent. A two-month lockdown of the city of 25m people has forced the developer, a large group called Yanlord, to halt construction on the…
What Australia’s new government will do
“TONIGHT, THE Australian people have voted for change,” declared Australia’s new prime minister, Anthony Albanese, as the results of a federal election became clear. Voters have booted out their conservative coalition government of almost a decade, with a national swing against it of almost six percentage points. Though public enthusiasm for Mr Albanese, or “Albo”,…