Jian Sun

Banks cut mortgage offers for home buyers as they revise affordability tests amid cost of living crisis

UK banks are tightening their belts when lending to homebuyers, as they begin to incorporate the cost of living crisis into their mortgage models. Potential buyers might struggle to get the size of loan they need, according to mortgage brokers, with surging household costs and sky high energy bills forcing lenders to reassess what mortgages people […]
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Chinese Vice Premier calls for greater effort to stabilise foreign trade

Chinese Vice Premier Hu Chunhua called on Saturday for greater efforts to stabilise foreign trade amid a complex external environment, the official Xinhua news agency reported. Several top officials have in recent months warned of uncertainty in foreign trade, which helped drive the world’s second-largest economy in 2021, with global demand and high raw material […]
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Britain’s economic war against Vladimir Putin is a mess – and it may be pointless

Ordinary people are likely to feel the pain, and none of the oligarchs directly targeted can influence Russia’s tyrant anyway — By Guardian columnist Simon Jenkins Quite apart from Britain’s shocking aversion to refugees, its barrage of measures seem devoid of direction. Decades of profitable investment in Russia’s economy are somehow to end overnight. The […]
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China says winter wheat condition could be worst in history

The condition of China’s winter wheat crop could be the “worst in history”, the agriculture minister said on Saturday, raising concerns about grain supplies in the world’s biggest wheat consumer. Reuters reported Speaking to reporters on the sidelines of the country’s annual parliament meeting, Minister of Agriculture and Rural Affairs Tang Renjian said that rare […]
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