China’s cash-strapped developers have become reluctant to acquire land even as some local governments relax bidding rules, adding to signs of their liquidity crunch and threatening to deepen the nation’s economic slowdown.
China’s cash-strapped developers have become reluctant to acquire land even as some local governments relax bidding rules, adding to signs of their liquidity crunch and threatening to deepen the nation’s economic slowdown.
After two decades of independence, development in Timor-Leste is exemplified by growing economic activity in Dili, the country’s capital city. Businesses are emerging on various corners, new infrastructure and public buildings are being constructed, and much improved information and communication technology has opened doors for the service sector and private enterprises to grow.