Three decades ago much of the housing in China’s cities belonged to state-owned enterprises, which provided homes to workers at low rents. A lot has changed since then. China is now blessed, if that i
How quickly the mood turns. Barely a fortnight ago stockmarkets were on a seemingly unstoppable bull run, after months of hitting new all-time highs. Now they are in free fall. America’s Nasdaq 100 in
When Michel Barnier, France’s new prime minister, submits his budget to parliament on October 10th he will be doing so against a painful market backdrop. A fortnight ago the yield on French ten-year g
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