Chinese banks try to revive housing market with mortgages for 95-year-olds

‘Relay loans’ that can pass on to children follow other moves to make borrowing more flexible

In an attempt to stimulate China’s flagging housing market, banks in some cities are extending the upper age limit on mortgages to between 80 and 95.

Although not a national policy, banks in Beijing, Hangzhou and other big cities have started offering “relay loans” to elderly customers, which pass on to their children in the event that they cannot repay.

Continue reading...
Foreign Office scaling back support for UK Sikh activist held in India, Keir Starmer says

Sunak’s government has refused to echo assertion that Jagtar Singh Johal is being arbitrarily detained

Rishi Sunak and the Foreign Office appear to be scaling back the UK’s support for Jagtar Singh Johal, the British Sikh activist held in an Indian jail for five years, his family and Keir Starmer have said.

Sunak’s government has refused invitations to echo Boris Johnson’s assertion that the Indian government has arbitrarily detained Johal, a term seen as significant because it means the UK does not recognise there is a proper legal basis to hold him.

Continue reading...
So fathers want to be ‘more present’ in the home? Put down your phone and I’ll tell you how | Nilanjana Bhowmick

Babysitting is all very well, but to truly lighten a woman’s load, partners must juggle physical, emotional and cognitive labour

‘Like many men of my generation, I wanted to be a more present father than my own had been.” As I read the first sentence of another article about fathers staying at home, I thought about how we glorify men (or how men want to be glorified) for selflessly deigning to set their careers aside, which is usually seen as being “for” their spouse, and getting away with doing the bare minimum.

Staying at home with the children is not babysitting – it is a complicated business of physical, emotional and cognitive labour.

Continue reading...
‘Abusing state power’: China lashes out at US over TikTok bans

Beijing – which itself blocks access to Facebook, Twitter and many others – hits out at ban on Chinese-owned software on US government devices

US government bans on Chinese-owned video sharing app TikTok reveal Washington’s own insecurities and are an abuse of state power, a Chinese foreign ministry spokesperson has said.

China, though, has itself long blocked a large list of foreign social media platforms and messaging apps, including YouTube, Twitter, Facebook and Instagram.

Continue reading...
China spends billions on pro-Russia disinformation, US special envoy says

Beijing propaganda includes messaging aligned with Moscow on Ukraine war, says James Rubin

The west has been slow to respond to China spending billions globally to spread poisonous disinformation, including messaging that is completely aligned with Russia on Ukraine, a US special envoy has claimed.

James Rubin, a coordinator for the Global Engagement Center, a US state department body set up to “expose and counter” foreign propaganda and disinformation, made the remarks during a European tour this week.

Continue reading...
PAGE TOP