"China's property market values 600 trillion yuan [$83.5 billion]," Xing said. "A 10-percent price fall means 60-trillion-yuan loss to households. The negative wealth effect will curb consumption and ...

China jailed 20 people for corruption over their role in the deadly collapse of a quarantine hotel in 2020, prompting online outrage on Tuesday over poor building standards in the country. Twenty-nine ...

The collapse has reignited long-standing concerns over “tofu” buildings – a phrase commonly used to describe poorly constructed projects that are at risk of collapsing.

A ‘tofu-dreg’ edifice: Most of China’s official economic data is probably fake by Keith Naughton, opinion contributor - 05/15/25 10:00 AM ET ...

China reported remarkable economic growth of 5.4 percent in the first quarter of 2025. Its growth is fascinating, since it far outstripped all large economies. It is also noteworthy because it comes ...

For at least the past decade, China’s growth story has been a triumph in propaganda. Opinion - A ‘tofu-dreg’ edifice: Most of China’s official economic data is probably fake Skip to main ...

In truth, whether we’re talking GDP, economic growth, deflation or demographics, the official Chinese data is a tofu-dreg edifice that cannot mask China’s severe underlying societal problems.

China reported remarkable economic growth of 5.4 percent in the first quarter of 2025. Its growth is fascinating, since it far outstripped all large economies. It is also noteworthy because it ...

In China, entire buildings have collapsed just years after being built. Cheap materials. Rushed work. Lives lost. This is the story of the Tofu Dreg crisis. Xi Jinping Breaks Silence on US Tariff ...