China’s property sector is undergoing its biggest credit-market shakeout in years as policy makers try to clamp down on over-indebted developers without infecting their healthier rivals.Most Read from …
PROPERTY
China Evergrande calls off deal to sell stake in property unit falls
Evergrande, which said in a regulatory filing that it “had reason to believe…that the purchaser had not met the prerequisite to make …
What lies beneath? Hidden debt fears feed China’s property woes
Since Beijing started clamping down on corporate debt in 2017, many real estate developers have turned to off-balance-sheet vehicles to borrow money and skirt regulatory scrutiny, analysts and lawyers …
China Evergrande shelves stake sale, Kaisa clattered by downgrade
China’s property sector saw more drama on Tuesday as Evergrande shelved plans to sell a majority stake in its property services unit, Sinic formally declared default and Kaisa was crunched by another …
In Tackling China’s Real-Estate Bubble, Xi Jinping Faces Resistance to Property-Tax Plan
The Chinese leader is facing strong resistance over a nationwide property-tax plan meant to help curb housing speculation, and he is now settling for a more limited rollout, people familiar with the …
China Can Expand Property Tax Trial, Ex-Government Researcher Says
China can test the property tax in more regions including the technology hub of Shenzhen as well as Hainan and Zhejiang provinces, a renowned former state researcher said.
China’s Property Sector Contracts For First Time Since Pandemic
China’s property and construction industries contracted in the third quarter for the first time since the start of the pandemic, weighed by a slump in real estate.Most Read from BloombergGoogle’s …
Chinese property bonds firm after Kaisa and Sunac make coupon payments
Chinese property bonds remained firm on Tuesday after two major developers made coupon payments, though the market remained focused on the potential for default by China Evergrande Group this week.
China property shares fall even as PBOC says Evergrande woes manageable
China’s property shares fell on Monday on signs of slowdown in the sector and even as the central bank said spillover effects from China Evergrande Group’s debt woes were controllable.
China’s economy stumbles on power crunch, property woes
China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on …
Explained: How power, property crisis weakened China’s Q3 GDP growth
Massive power shortage and a crisis-hit property sector has battered the world’s second largest economy as it tries to stage a recovery fro.
China’s property investment up 8.8 pct in Jan.-Sept.
China’s investment in property development maintained steady expansion in the first nine months of the year, according to data from the National Bureau …
China’s Growth Hit by Energy and Property Problems
China’s gross domestic product rose less than expected in the third quarter of the year as government action to curb debt in the property sector, and power cuts ordered by authorities to deal with the…