S&P Global Ratings global chief economist Paul Gruenwald says China is under no external or market pressure to deal with the property market.
PROPERTY
China Junk Bonds Suffer Longest Slide in Year on Property Slump
China’s junk dollar bonds suffered seven straight days of declines, the longest such stretch since August 2023, after weak home sales data underscored the country’s deepening real estate slump.
China’s unworkable housing rescue math is prolonging the crisis
China’s central government urged more than 200 cities to buy unsold homes to ease oversupply. More than three months later, only 29 have heeded the call. Read more at The Business Times.
China will stay in deflation if there is no ‘meaningful recovery’ in the property sector: ANZ
Raymond Yeung, ANZ’s chief economist for Greater China, explains that weak domestic demand and exports running into overcapacity has contributed to the deflationary environment in China. He warned …
China will stay in deflation if there is no ‘meaningful recovery’ in the property sector: ANZ
Raymond Yeung, ANZ’s chief economist for Greater China, explains that weak domestic demand and exports running into overcapacity has contributed to the deflationary environment in China. He warned …
China Property Shares Plunge After Removal From Stock Connect
Shares of some Chinese developers dropped in Hong Kong after they were made inaccessible to investors in the mainland, marking another setback for the beleaguered sector.
China’s property market has ‘not found a bottom’ yet, Standard Chartered CEO Bill Winters says
Winters described the investing environment in China as “difficult,” explaining consumer confidence and international investor confidence was relatively low.
China’s property market has ‘not yet completely bottomed out,’ Standard Chartered CEO says
Bill Winters, CEO of Standard Chartered, says it’s a “slow grind down.” Heated exchange between Giants’ rookie infielders overshadows series win vs. playoff-hopeful Padres …
China’s property market has ‘not yet completely bottomed out,’ Standard Chartered CEO says
Bill Winters, CEO of Standard Chartered, says it’s a “slow grind down.” Heated exchange between Giants’ rookie infielders overshadows series win vs. playoff-hopeful Padres …
China’s ultra-rich are snatching up luxury homes in bet on first-tier cities, defying property crisis in country
Linda Wang, a 30-year-old Shanghai native, bought a 186-square metre new home in the city’s downtown Xuhui district at 26.4 million yuan (US$3.7 million) on August 29, after she and her family sold …
China’s rescue plan for property market appears insufficient to reverse price decline
Second-hand home prices have continued to fall, with August marking the 28th month of consecutive decline. Read more at straitstimes.com.
Xi Is Paralyzed by China’s Economic Mess. The World Will Pay.
Looked at one way, Xi’s reluctance to unleash new stimulus to stabilize growth is laudable. For years, the U.S. Treasury Department and International Monetary Fund urged his Communist Party to …
More pain for China as home sales crash for one of its largest developers and tech earnings growth falls to lowest since 2022
Bloomberg separately reported that the latest earnings-per-share on the MSCI China Index contracted 4.5% from a year ago — the worst performance in five quarters. Meanwhile, 19% EPS growth among China …
