Meng Hongwei purge hints at ‘soft coup’ against Xi; China’s real estate bubble reaches an inflection point

SinoInsight 1 Several major real estate developers in China slashed property prices during China’s week-long National Day holiday, an unusual phenomenon because the holidays are a golden period for property sales. Vanke, one of the largest Chinese property developers, discounted villa projects in Fujian’s Xiamen City by as much as 45 percent (2.78 million yuan, …

Read moreMeng Hongwei purge hints at ‘soft coup’ against Xi; China’s real estate bubble reaches an inflection point

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