Hundreds of angry homeowners gathered last weekend to protest what could become a growing trend of price slashing in housing markets around China. Developers of a Pudong apartment complex started offering discounts of up to 30%, enraging buyers who had already invested in the development, as they essentially watched a chunk of their money evaporate. Hundreds gathered in the face of riot police to trample the developers' offices and show their general discontent. more ›

A few links to start off your day: more ›

Chinese families are more easily able to afford food compared to their American counterparts, according to a Gallop poll released Wednesday. more ›

China Daily has some devastating news for us -- we're NOT China's most expensive city when it comes to housing prices! That honour has gone to our neighbouring city of Hangzhou, with an average housing price of 25,840 yuan ($3,921.78) per square meter. more ›

Shanghai is rapidly losing its previously significant Korean population as Korean businesses withdraw from China due to the Korean economic crisis and the falling value of the won. The Korean consulate estimates that more than 10,000 Koreans have left Shanghai since the beginning of 2008, according to Danwei's translation of an article that appeared in CBNweekly. In Beijing, the numbers are closer to 20,000. more ›

Thinking of buying that swank new apartment in the French Concession? Now's probably not the time. more ›