The hostel program is aimed at tackling youth frustration with housing — a factor Beijing believes contributed to the anti-government pro-democracy protests that rocked the city in 2019.
Officials in Danzhou city have ordered 39 of Ocean Flower Island's towers to be demolished over environmental and construction violations.
The raid was the latest crackdown on media and dissent since China imposed a tough new national security law aimed at ending pro-democracy protests.
With $300 billion of liabilities, Evergrande is at the heart of a property crisis in China that has crushed almost a dozen smaller firms.
"Nearly every developer has borrowings in disguise. The sector's debt problem is worse than what you see," said He Siwei, an attorney at Hui Ye Law Firm.
Leader Carrie Lam used a speech to focus on ensuring affordable housing to the city's 7.5 million people.
Chinese property developers have turned their sights to Hong Kong's border districts as mainlanders from neighboring boomtown Shenzhen consider parts of the former British colony as a more affordable long-term housing prospect. The development plans are seen by some as a turning point, with buyers ...
Pressure is mounting on Macao's Portuguese and English media, which typically operate with more flexibility than the local Chinese press.
The proposed reform will put further pressure on pro-democracy activists, who are already the subject of a crackdown, and has ruffled the feathers of some Beijing loyalists.
When Lau Kai Fai, his wife and teenage son moved into a new Hong Kong flat last month, he thought the 290 square feet (27 square meters) of space in his "module home" felt like "winning the lottery." Among the first Hong Kongers to move ...
