The market has been in an extended slide over the past few weeks, with home prices falling by 7.3 per cent in the first half of the year, according to the latest data from the Bureau of Statistics.That compares with a 10.2 per cent drop in the year to February."There is no reason for anyone to believe that the market will collapse in the near future," said economist John Kynaston."It is a bubble t...
China has opened up its markets to the world as the US President embarks upon a trip to Asia.
The new rules came into force on Monday, as the world’s second-largest economy struggled to regain its footing after the country’s economic slowdown.
Chinese authorities have been slow to respond to the rapid pace of the market downturn and its impact on its trading partners.
But China’s markets are now open to foreign investors.
The government said it would open up its domestic market on Tuesday and will open up foreign markets in the coming days.
The US President Donald Trump will visit Japan, South Korea and Taiwan in the week of November 12, and visit China in November 14.
On Monday, he will visit Hong Kong and Macau.
The White House has previously said that the President will take the trip to make a final call on the Asia-Pacific region’s future.