LOS ANGELES: Developer China Oceanwide Holdings Ltd is trying to generate cash by selling properties in New York and Hawaii, as it works to revive a massive Los Angeles project that’s been frozen in mid-construction for three years. The Beijing-based company plans to sell assets that won’t generate immediate revenue – or haven’t been seized by creditors – “ and reserve resources to develop the LA project, ” according to an annual filing in Hong Kong. Oceanwide has spent about US$ 3. 5bil( RM14.

Ren’s supporters are sure to see the long sentence as punishment for his cutting comments about Mr.... Ren’s who formerly taught at the Central Party School, which trains rising officials, said in a telephone interview before the court’s judgment.“ It’s a warning to the whole party and especially to red offspring, ” Ms.... Cai said, referring to the children of party officials. While many others have also criticized the Chinese government, Mr....

Ren, a longtime party member, disappeared last month after having written an explosive essay describing Mr.... Amid some encouraging signs, major challenges remain in grappling with the virus.... See more updates Updated 16m ago More live coverage: Markets New York Mr....

He barred himself inside a small work studio, so that attendees could view him only through a small window or from the open roof.It was performance art, Mr.... Ren explained to his friends, to show his isolation after the government barred him from social media and giving speeches.... The essay, which was shared widely within private internet message groups, never named Xi Jinping, China’s top leader....

Hedge funds and other short sellers are more bearish on the lender than any of its global peers. Minsheng’s plight underscores the widening fallout from Chinese President Xi Jinping’s crackdown on the property industry and other parts of the country’s capital-hungry private sector.... Employee compensation is largely stable, the bank added. Chairman Gao Yingxin, who joined Minsheng from Bank of China Ltd.in 2020, pledged to address the lender’s challenges at a shareholders’ meeting in June....

Ren’s family, accusing him of “ colluding with his children to accumulate wealth without restraint.” The moves against Mr.... Ren’s friends said that the party’s harsh treatment of Mr.... Ren was excessive.“ This is blatant political persecution, ” Wang Ying, a retired entrepreneur and friend of Mr....

Geng is set to stand trial in Beijing on Tuesday and may spend years in prison for her support for those at odds with China’s deepening authoritarianism, say her supporters.... She and her husband, Qin Zhen, have been charged with illegal business activities related to their publishing company.... Cai has moved to the United States, where she has denounced the Chinese Communist Party’s deepening authoritarianism.“ It’s a selective system of enforcement, ” Ms....

During her career teaching at the Communist Party’s top academy, Cai Xia cheered on signs that China’s leaders might ease their political grip, making her an uncommonly prominent voice for democratic change near the heart of the party. Now Ms.... Cai taught for 15 years until 2012, announced on Monday that she had been expelled from the Communist Party after she scathingly denounced both the party and Mr.... Xi in recent speeches and essays.“ This party has become a political zombie, ” she had

Yang Bin was at home when two dozen Chinese police surrounded her house and entered, searching for the man she had recently taken in as a houseguest.... Filing in quickly, the officers found their suspect upstairs and arrested him, ending a weekslong manhunt. The police also detained Ms.... In her old job, she had escorted death row prisoners to a police station near the one in which she was being interrogated, in the southern Chinese city of Guangzhou....

China’s entrepreneur class is grappling with the worst economic slump in decades as the government’s zero Covid policy has shut down cities and kept would-be customers at home.... Yet they can’t seem to agree how loudly they should complain — or even whether they should at all.A tech entrepreneur wrote in a big group chat in May that many members were too critical.... Stop putting up with the ridiculous reality, he urged....