Day: March 27, 2025

To rescue china’s lacklustre economy, the ruling Communist Party is trying to revive the animal spirits of entrepreneurs and rehabilitate the profit motive. Xi Jinping, China’s leader, has welcomed Jack Ma, a leading tech boss, back in from the cold, and basked in the reflected glory of DeepSeek, a private ai firm. The government has also recently released five employees of Mintz, an American due-diligence firm, detained in 2023. To get rich is, if not glorious, at least less dangerous than it seemed a few years ago. The Economist

On the list of professions that are currently flourishing in China, estate agents do not come high up. Houses were once easy to sell, the surest investment available. But as a result of a four-year slump in the market, millions of homes now sit unsold. Some already paid-for properties are not even getting built. New home starts fell by almost 30% in the first two months of this year, compared with a year earlier. As of February, average new home prices had fallen for 21 months in a row. The…