Bloomberg Business

Yellen Heads to China This Week Advancing US Bid to Fix Ties

US Treasury Secretary Janet Yellen will travel to Beijing on July 6-9, becoming the second member of Joe Biden’s cabinet to head to the Chinese capital in recent weeks, as the world’s two largest economies look to mend ties after a spate of bilateral tensions.

China Vanke Says Local Home Market Is Worse Than Expected

China’s second-largest developer by sales said the nation’s home market is currently “worse than expected,” joining a chorus of investors and analysts who have become bearish on the country’s real estate sector.

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