In China, Loans Lure City Officials

Workers toil by night lights with hoes, carving out the signs for Olympic rings in front of an unfinished 30,000-seat stadium, bulb-shaped gymnasium and swimming complex in a little-known Chinese city. Loudi, home to 4 million people in Chairman Mao Zedong’s home province of Hunan, is paying for the project with $185 million in bonds, guaranteed by land valued at $1.5 million an acre.

Topics:  olympic   chinese   loudi   chairman mao zedong s   hunan   winnetka   ill   chicago   u.s    read   city   home   
BING NEWS:
  • Panama: China’s Strategic Hub
    Nearly 6 percent of global trade and 57.5 percent of the cargo transported in container that ships from Asia to the East Coast of the United States passes through the Panama Canal. Today, this ...
    03/28/2024 - 11:00 pm | View Link
  • Floating rates crush $240M in Chicagoland multifamily loans
    Bigtime multifamily players Torchlight Investors, condo buyout specialist Strategic Properties and lender MF1 are in deals showing elevated risk due to rate hikes.
    03/27/2024 - 9:00 am | View Link
  • China officials are reportedly pushing banks to rush loans to to cash-strapped real estate developers
    Cash-strapped property developers may be getting a lifeline from banks as they approve loans faster, Reuters reported.
    03/25/2024 - 3:20 am | View Link
  • Poppies to Pig-Butchering: Inside the Golden Triangle’s Criminal Reboot
    But when I got inside there were two big, tough guys with guns,” Yoong, 30, tells TIME. “That’s the moment I knew I was in trouble.” Instead of a casino in the city, Yoong says she was driven over 18 ...
    03/20/2024 - 3:59 pm | View Link
  • Hong Kong private credit goes where banks fear to tread: loans against property
    Private credit lenders are capitalising on businesses’ thirst for generating liquidity from their property assets in Hong Kong, banking on the city’s sound legal system.
    03/18/2024 - 9:31 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News