A Bloomberg gauge of Chinese property stocks jumped as much as 14% on Monday morning after Shanghai, Shenzhen and Guangzhou relaxed homebuying curbs. The central bank on Sunday also said it will allow …
PROPERTY
China Cries Uncle With Big Pledge on Property Crisis
China’s leadership, after showing limited concern about the nation’s sluggish growth in recent months, finally reached what Goldman Sachs termed its “pain threshold.” …
China Developers Offer Deals Betting Home Prices Will Hit Bottom
Some Chinese property developers are betting the country’s home-price slump will soon end following the announcement of long-awaited stimulus measures.
China’s Xi and top leaders call for halting real estate decline, responding to public concerns
While the meeting readout did not provide many details, it is significant for a country where policy directives are determined at the very top.
He bought a property in China. Nine years later, he got the key.
Chen Peng wanted a home to attract a wife. Condo projects fraught with financial and legal battles made him wait nearly a decade.
China unveils measures aimed at countering property market downturn
China rolled out a raft of measures on Tuesday aimed at countering a prolonged downturn in its property market.
China must ramp up housing rescue to boost growth, economists warn
Amid doubts over whether China can meet its lofty 5 per cent GDP target, analysts say Beijing needs “a complete change in mindset” to revive the ailing property market.
HSBC hit by sixfold surge in Hong Kong property loan defaults
HSBC’s exposure to defaulted commercial property loans in Hong Kong surged almost sixfold to more than $3bn in the first half of this year, underscoring the risks the UK bank faces from a slump in…
China’s Homeowners Are Outraged. The Property Market Is Still a Mess.
Apartment prices in China are expected to drop at least another 30% in major cities before stabilizing, one analyst says.
Mercedes’ China motor hits one of two roadblocks
Mercedes-Benz’s all-important China motor is sputtering. The $64 billion luxury carmaker warned of collapsing earnings and free cash flow this year, as a real estate bust in the People’s Republic …
China’s economic puzzle: Navigating new challenges
China is grappling with significant economic challenges, primarily due to a weakening real estate sector and a strategic pivot towards high-tech industries. President Xi Jinping’s focus …
China weighs removing major homebuying restrictions to boost demand
Authorities are also mulling fresh measures to shore up the sluggish stock market, the people added, without providing more specifics …
China holds key rates after Fed’s cut, but ‘modest’ easing may come later
China’s five-year loan prime loan remained unchanged even after the US Federal Reserve kicked off its rate-cutting cycle.
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