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U.S. President Trump said he seeks to break up this powerful monopoly.

2026-08-28

U.S. President Trump said he seeks to break up this powerful monopoly.

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2026-08-28

China's Ministry of Housing and Urban-Rural Development, Ministry of Natural Resources and the National Financial Regulatory Administration issued a notice tightening supervision of commercial housing sales and presale funds. Municipal and county hou

China's Ministry of Housing and Urban-Rural Development, Ministry of Natural Resources and the National Financial Regulatory Administration issued a notice tightening supervision of commercial housing sales and presale funds. Municipal and county housing authorities will oversee presale funds; designated housing-fund supervisory agencies must sign fund-supervision agreements with developers and open supervised accounts at the project's lead bank. All buyer payments, including down payments and personal housing loans, must be fully deposited into these supervised accounts. Funds will be released only after project completion acceptance and when utilities and other delivery conditions are met. If a developer defaults and cannot deliver on time, buyers may rescind the purchase agreement; developers must refund payments and bear breach liabilities. Developers are required to specify escrow-account rights and obligations in sale contracts.
2026-08-29

Kremlin says Russian President Putin will attend the Shanghai Cooperation Organization summit Aug. 31–Sept. 1.

Kremlin says Russian President Putin will attend the Shanghai Cooperation Organization summit Aug. 31–Sept. 1.
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