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China orders financial support for battered property sector

The Chinese government has urged banks and financial institutions to back a sputtering real estate sector where the biggest developers have buckled under the weight of tremendous debt and don’t have the capital to complete pre-sold homes to hundreds of thousands of homebuyers. The move underscores Beijing’s dilemmatic position of having to defuse local government…

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Russian soldier in Ukraine discusses North Korean weapons in video

Video of a Russian soldier in Ukraine talking about ammunition supplied by North Korea surfaced on social media this week, apparently debunking denials by Pyongyang and Moscow that the isolated East Asian country is supplying weapons for the war there. A video titled “Multiple rocket launcher (MRL) extended-range shells kindly provided by North Korean comrades…

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Cambodia’s Hun Manet goes up against the private sector

On November 13, Cambodia’s princeling prime minister, Hun Manet, will meet with Cambodia’s aggravated private sector for his administration’s first Government-Private Sector Forum which his nascent government has been preparing for months. There has already been a public furore over the likely rise in taxation, which Hun Manet has denied will happen, but anyone with…

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