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Zhu Zhongming, 54, now chairs the Shanghai government's party leadership group, the seat the sitting mayor held. The interesting part is that Beijing sent a budget official rather than a markets one.
Reality
Files already lodged will still be processed, but the applicants who moved to Canada and cannot clear the English test now have no second application to make, and their agents are already pricing Britain against the United States.
Reality
Soundcharts puts Indonesian artists at 97 per cent of the weekly top 10 at home, up from 39 in 2021, and the same displacement shows up in Manila and Bangkok. The export story getting the headlines is the smaller trade.
Reality
Paul Chan's win-win framing splits the work cleanly, with the government writing the plan and clearing obstacles while the market puts up the money and finds the occupiers, and the second half is where the residual risk actually sits.
Reality
The city's birth rate went from 13.2 per 1,000 in 2021 to 7.89 in 2025, which is exactly the Guangdong average, and that convergence tells you what the region's clan culture was actually worth once household cash flow tightened.
Reality
A life sentence, 56 prison terms and 15.82 billion yuan of penalties extract under 1 percent of what Evergrande failed to pay. Punishment is not recovery.
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Ares, Arctos and RedBird have institutionalised team ownership. Beijing wants a US$1 trillion sports industry by 2030, yet reported domestic deal flow last year was US$249 million.
Reality
McKinsey puts global infrastructure needs at US$106 trillion through 2040. KKR and Deloitte say contracted cash flow, not a growth story, is what is drawing institutional money into the region.
Reality
Data-centre cancellations have risen since late 2025 and several AI firms missed revenue targets before planned IPOs. The wealth industry's answer is to stop picking winners.
Reality