They are building with a vengeance, but nobody’s buying. China’s market has sent out a signal that housing prices are very high. Policy pressures are accumulating and further growth prospects are getting dim for the whole year.

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A series of online attacks on Google and dozens of other American corporations have been traced to computers at two educational institutions in China, including one with close ties to the Chinese military.

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Big banks were given trillions in bailout to tide over the financial meltdown. Are they re-creating the conditions for another crash now?

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