China is expected to announce fresh measures to reinvigorate its ailing property industry after the latest data showed housing prices slumped in April …
Monthly Archives For May 2024
Putin focuses on trade and cultural exchanges in Harbin, China, after reaffirming ties with Xi
Russian President Vladimir Putin is focusing on trade and cultural exchanges on his state visit to China that started with bonhomie in Beijing and a summit with China’s leader Xi Jinping that deepened …
China to let local govt officials buy affordable housing at ‘reasonable’ prices
China will allow local government authorities to buy some homes at “reasonable” prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the …
US blocks imports from 26 Chinese textile firms over suspected Uyghur forced labor
The United States has barred imports from 26 Chinese cotton traders or warehouse facilities on Thursday as part of its effort to eliminate goods made with the forced labor of Uyghur minorities from the US…
Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United States.
China property shares rise on bets for new steps to ease deepening crisis
By Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) -Shares of Chinese property developers rose on Friday as investors expected authorities to announce more measures to stabilise the crisis-hit sector,
China Needs to Make Property ‘Desirable’ Again, BofA Says
BofA Securities strategist Winnie Wu says Beijing needs to make the country’s property sector “desirable again” since people “will not buy a depreciating asset.” She says improving confidence in the …
China’s factories fire up but consumer, property weakness persists
China’s factory output topped forecasts in April, helped by improving external demand, although retail sales unexpectedly slowed and the property sector remained a drag on the economy, piling pressure …
Putin to push growing Moscow-Beijing trade in China’s northeast
BEIJING – After sealing pledges of a “new era” of strategic partnership with China’s Xi Jinping, Russian President Vladimir Putin on Friday is set to highlight the growing importance of trade near …
China’s factory output jumps as Beijing bets on industry to drive recovery
China’s economy has shown mixed signs of a recovery in recent months, with exports returning to growth in April but domestic sentiment struggling under a deep slump in the property sector.
China Regulators to Discuss Property Aid With Banks Friday
China’s government plans to hold a meeting with key officials on Friday morning to discuss the property market, including a proposal to clear excess housing inventory, according to people with …
China new home prices fall at fastest pace in over 9 years
China’s new home prices fell at the fastest monthly pace in over nine years in April, keeping pressure on authorities as intensified efforts to prop up the ailing property sector show few signs of …
China’s April industrial output rises 6.7%, beats expectations
China’s industrial output grew 6.7% year-on–year in April, accelerating from the 4.5% pace seen in March, as the recovery in the manufacturing sector gathered pace. The official data released on …
