Tag: RT America
China’s property bubble: Can Xi make it stop? (Full show)
The Evergrande Group, one of China’s top developers, owes too much money. Beijing has finally stepped in to stop their reckless borrowing, which could be a death knell for the company. China’s real estate boom involves millions of empty apartments owned by speculators, who can no longer be certain of rising property values. Beijing has adopted the maxim that “homes are for living in, not for speculation.” …
Saudi Arabia gets $500-million military contract from US
US President Joe Biden’s campaign vow seems to be on the backburner, as his administration has green-lighted a $500 million helicopter deal to the Gulf Kingdom. France is outraged over the latest nuclear submarine deal that was signed by the US, UK and Australia, who were considered close allies to Paris. …