A major development has emerged in the financial sector. China merchant fund management, one of china's top fund management firms is demanding that senior executives return pay exceeding a new salary cap set by the government.

China's 'common prosperity' drives reform

We're turning now to China's troubled property market. A new report by Goldman Sachs paints a concerning picture, with the crisis potentially deeper than previously thought. According to Goldman Sachs, there's a massive glut of unsold homes in China.

Goldman Sachs report highlights dire Chinese property market conditions

chinese-property

Chinese Property, News on Chinese Property, stories on Chinese Property, articles on Chinese Property, Chinese Property stories at Wion, Chinese Property news, Chinese Property latest news

chinese property

China's 'common prosperity' drives reform

Goldman Sachs report highlights dire Chinese property market conditions