This video speaks volumes about the oversupply in China's housing market. 15 tower blocks in Kunming 昆明, the capital of Yunnan province, were demolished last month after sitting unfinished for eight years.
Meanwhile China’s largest property developer Evergrande is warning it could default on its $300 billion of liabilities as it struggles to cut costs or sell assets. The company’s Shenzen headquarters was besieged by investors and bondholders last weekend 🇨🇳…
also h/t @evolusibina for the video above. A Malaysia-based platform, it shares great content on the construction sector.
Good analysis of China’s property market overhang by @FT China economics reporter Sun Yu.…
Paradoxically, the city of Kunming where these tower blocks were demolished, is hosting the #COP15 biodiversity summit next month (11-15 October)…

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More from @Ian_Fraser

31 Jul
Home Office set up fake website and a phoney organisation called On The Move in order to mislead asylum seekers. Scoop by @lizziedearden…
Shadow home secretary @NickTorfaen said: “Priti Patel’s chaotic management of the Home Office has led to thousands of pounds of taxpayers’ money being spent on an ad campaign that’s false, disgraceful and dehumanising.”…
Priti Patel’s Home Office set up phoney organisation called “On The Move” with a fake website to dupe asylum seekers.…
Read 4 tweets
20 Jul
Floods in China's Henan province and it's capital Zhengzhou seem worse even than what happened in Germany last week. Today Zhengzhou had 200mm of rain in one hour. In Germany, they had 154mm in 24 hours. See @javihagen for more.
Passengers trapped by rising floodwaters on the #Zhengzhou subway await rescue by Henan firefighters. I hope they’re all okay.
Distressing scenes as China’s #Henan province experiences unprecedented flooding. The subway in #Zhengzhou, a city of 10.4m inhabitants (larger than any European city), was inundated after 200mm of rain fell in an hour. via @TimJ_B…
Read 4 tweets
15 Jul
At least 42 people have died in Germany and many more are missing following severe floods, police say. At least six others have died in neighbouring Belgium, and the city of Liège has urged all residents to leave.…
Germany floods. Cars being washed down the street in western German state of North Rhine-Westphalia. #Hochwasser video @rq_sh4
The situation is dire in Liège in Belgium’s French-speaking Wallonia region, where the river Meuse has burst its banks and residents are being evacuated. #Belgium #flooding…
Read 5 tweets
8 May
Just jaw-dropping corruption: the Queen's cousin, Prince Michael of Kent, filmed at business meeting where clients were told he could be hired for £10,000 a day to make representations to Putin's inner circle. via @JCalvertST @Arbuthnott @tomhcalver…
Enthusiastically corrupt?

Prince Michael of Kent was willing to push the boat out to help the fake gold-trading company House of Haedong gain access to the Russia market via his contact with Vladimir Putin.

via @thesundaytimes @C4Dispatches
Interesting descriptor for Prince Michael of Kent on Google.
Read 6 tweets
7 May
Aberdeen Donside is an SNP hold.

Turnout was 58%. Image
. @Liam4Orkney holds Orkney Islands for the Liberal Democrats.

Turnout 65% Image
SNP's @KarenAdamSNP holds Banffshire and Buchan, with 45.2% of the vote. The Tories' @MarkFindlater came close with 42.9% of the vote. Turnout was 56%. Image
Read 5 tweets
6 Apr
Dutch cargo ship Eemslift Hendrika adrift off Norway after crew evacuate. Footage from Norwegian search & rescue shows some of the 12 crew jumping into the sea from the badly-listing vessel before being rescued by helicopter 🇳🇴
The owners of the abandoned Eemslift Hendrika have hired Boskalis / Smit to attempt to salvage the drifting and dangerously-listing Dutch-flagged vessel. Two tugboats have been despatched from Bergen and Kristiansand tonight.… Image
The Dutch-registered Eemslift Hendrika has been abandoned about 60 miles west of Ålesund, Norway. The 112-metre ship specialises in yacht-transport, offering regular services between Norway and Turkey.… Image
Read 6 tweets

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