China housing crisis: The people living in unfinished apartments

China’s massive economy is being threatened by a crisis in the real estate market. As developers spiral into debt, some people have decided to move into unfinished apartments.

from BBC News - World https://ift.tt/ozcwVMJ

Comments

Post a Comment

Popular posts from this blog

Pakistan Railways plans to procure 230 passenger coaches

Image
ISLAMABAD: Pakistan Railways is finalising a plan to procure 230 passenger coaches and 820 High Capacity Wagons under the Public Sector Development Programme (PSDP) aiming help to improve the speed of the trains and ensure adherence to fixed timings. “Out of the total, around 46 Completely-Built-Up (CBU) passenger coaches have been procured up till now while the remaining 184 would be manufactured in the country and the coaches would be able to travel at the speed of 160km/h,” said an official in the Ministry of Railways. He said Pakistan Railways is putting maximum efforts to complete rehabilitation and reconstruction work on the railway track along with improving the speed of the locomotives to carry passengers to their respective destinations on time. The infrastructure, including the track and signaling system from Karachi to Peshawar, Main Line-I (ML-I), and doubling of track from Lahore to Peshawar (462.20 Km) was also being revamped, he added. The official noted that the le...
Read more

President extends New Year felicitations to nation, global community

Image
President Dr Arif Alvi has extended his felicitations to the nation, the Muslim Ummah, and the international community at the beginning of the New Year. In a message, he prayed to Allah Almighty that the coming year brings prosperity, political and economic stability for Pakistan and the entire world. President Dr Arif Alvi emphasized that at the beginning of the New Year, the brothers and sisters of Palestine cannot be forgotten, as they continue to face brutal and barbaric attacks at the hands of the Israeli forces. He also expressed serious concerns over Indian atrocities in the Indian illegally occupied Jammu and Kashmir. The president highlighted the importance of the international community taking practical measures to resolve these longstanding disputes in accordance with UN resolutions to promote global peace and security. Additionally, President Alvi wished for economic development, interfaith harmony, forgiveness, tolerance, and mutual respect in Pakistan. from Lates...
Read more

JUI-F mulling to form government in Balochistan

Image
QUETTA: The Jamiat Ulema-e-Islam-Fazl (JUI-F) is mulling forming the government in Balochistan as the party formally started talks with other parties, ARY News reported citing sources. According to details, after being ignored by the Pakistan People’s Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) in government formation in the province, the JUI-F would be fielding its nominee for the chief minister slot. The sources privy to the development said that JUI-F, Awami National Party (ANP), National Party, and others held a meeting and discussed to field joint candidates for main positions in the province including chief minister,  speaker and deputy speaker. It is pertinent to mention here that the JUI-F emerged as the joint single-largest party with the Pakistan People’s Party (PPP) in Balochistan after the elections. Out of 51 general seats of the Balochistan Assembly, the JUI-F and the PPP secured 11 seats each in the 8th February General Elections. The Pakistan Muslim Le...
Read more