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Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China's central government is not likely to spend billions to save the struggling real estate sector, even if foreign investors are hoping for a massive bailout, analysts said. A year after Chinese developer Evergrande 's debt problems began rattling investors, the country's real estate troubles have only gotten worse. Some homebuyers refused to pay their mortgages due to construction delays, while property sales plunged. Once-healthy developers are also struggling to repay debt . "I doubt there will be direct bailouts of property developers by the government, even though they may continue to ask banks and [state-owned enterprises] to help selected troubled developers," said Tommy Wu, senior China economist...

A worker disinfects the Sanlitun shopping complex in Beijing in June as stores in the area were closed for three days after a Covid outbreak. There's greater caution on China this year, as stringent Covid controls drag on and as growth takes a backseat. Analysts note longer-term trends of China's reduced dependency on foreign investment and intellectual property. Kevin Frayer | Getty Images News | Getty Images BEIJING — China is no longer just another emerging market play. Now, the country is becoming its own beast — with all the risks and rewards that come with being a world power. There's greater caution on China this year, as stringent Covid controls drag on and as growth takes a backseat. Analysts note longer-term trends of China's reduced dependency on foreign investment and intellectual property. That's all on top of Beijing's crackdown on the internet tech sector and real estate developers in the last two years. Foreign investors are reacting. The sh...

HAVANA — Cuba plans to allow some foreign investment in local wholesale and retail trade for the first time since Fidel Castro’s 1959 revolution, the government said late on Monday, in a bid to dig out of the island nation’s worst economic crisis in decades. Deputy Trade Minister Ana Teresita Gonzalez said on an evening TV talk show that foreign investors would be allowed to fully own local wholesalers for the first time or enter the market through joint ventures . Retail would be more restricted but she opened the door to some public/private ventures in that sector as well. The reforms would allow foreign-owned entities to invest in warehouse and back-end logistics operations supplying state-run and private businesses , for example, supporting the country’s effort to improve efficiency in its notoriously unproductive retail sector. Gonzalez also said Cuba would “selectively” allow some foreign investors into the retail market , provided the investment contributed to the country’s so...