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‘Relay loans’ that can pass on to children follow other moves to make borrowing more flexible
In an attempt to stimulate China’s flagging housing market, banks in some cities are extending the upper age limit on mortgages to between 80 and 95.
Although not a national policy, banks in Beijing, Hangzhou and other big cities have started offering “relay loans” to elderly customers, which pass on to their children in the event that they cannot repay.

Justin Lin is reportedly returning to his indie roots to direct “The Last Days of John Allen Chau,” a film about the Asian American evangelist killed by the indigenous people of India’s North Sentinel ...

Justin Lin is reportedly returning to his indie roots to direct “The Last Days of John Allen Chau,” a film about the Asian American evangelist killed by the indigenous people of India’s North Sentinel ...

Justin Lin is reportedly returning to his indie roots to direct “The Last Days of John Allen Chau,” a film about the Asian American evangelist killed by the indigenous people of India’s North Sentinel ...

President Joe Biden said Wednesday that his labor secretary nominee Julie Su is a "real leader" who has supported unions, enforced worker safety and protected the victims of human trafficking ...

President calls Su, who is still to be confirmed by the Senate, ‘the American dream’ as he picks her to lead US labor department ...

President Joe Biden on Wednesday introduced Julie Su, his nominee for Labor secretary, touting the overwhelming support she enjoys among lawmakers and other Democratic supporters.

President calls Julie Su, who is still to be confirmed by the Senate, ‘the American dream’ as he picks her to lead US labor department ...

Business is declining amid growing awareness of animal abuse, but bans on fur farming in Europe could restore fortunes
“Now it’s a bad time to get into the fur business,” says a farm worker in Hebei province, northern China. The worker, who has been farming foxes for more than 30 years, says they have stopped after operating at a loss for several years in a row.
China is the world’s biggest producer of animal fur, but here in Suning county, its “capital of fur”, business appears quiet. “The whole industry chain – raw fur and garment production – is struggling,” says the farm worker.An average of more than 4,000 fur enterprises deregistered their business licences each year between 2017 and 2019, according to , with an estimated 52% having quit the industry as of January 2022.

It also employ state-sanctioned cyber-attacks and intellectual property theft to weaken American competitors. But most worrying is China’s saber-rattling about Taiwan, the tiny island nation about 100 ...

The U.S. secretary of state’s diplomatic mission is part of a broader Biden administration effort to strengthen support for Ukraine, or at least push neutral nations to refrain from aiding Russia.

Its stock was rising 1.2% in premarket trading. The American depositary receipts of Alibaba, JD.com and NetEase rose premarket, tracking the Hong Kong rally. Forex: The dollar fell as strong Chinese ...