Asian equities were mostly lower as overweight countries including Japan, South Korea, Taiwan, and, for the first time, India, succumbed to selling pressure as the US dollar weakened overnight.
PROPERTY
Investor files liquidation petition in China against Evergrande unit
An investor has filed a petition to a court in China to liquidate a major unit of the heavily indebted property developer China Evergrande, according to a stock filing by the petitioner on Wednesday.
Exclusive | China’s property bender has led to long, tough hangover: economist Mao Zhenhua
and was among the first to warn about the underlying pressure on China’s property prices. In this latest interview in the Open Questions series, Mao analyses China’s struggling property sector, …
China’s property bender has led to long, tough hangover: economist Mao Zhenhua
Surge in household debt, collapse in property values highlight need for real estate wind-down, cash handouts to spark consumer demand Mao Zhenhua is the founder of China Chengxin Credit Rating Group …
As China’s property market slumps, foreign investors get pickier
HONG KONG/SINGAPORE — Foreign investors are shying away from deploying capital to commercial properties in China’s beleaguered real estate market, with the remaining players pinning their hopes on …
China’s Home Sales Slump Again, Signaling Crisis Not Over Yet
A fresh batch of China property data suggests that the sector remains in bad shape, heaping pressure on policymakers to take bolder action to address what has become a major drag on the economy.Sales …
China tenant shocked by grisly past of home after stumbling upon TV crime show
An unsuspecting rental tenant in a modest property in China was shocked to discover from a short video that his home was the scene of a grisly murder 10 years ago.
How should investors make sense of China’s Plenum, priorities and politics?
CHINA’S leaders had an unenviable job at their Third Plenum from Jul 15 to 18. The meeting – so called because of its order in a cycle of policy-setting summits held every five years to…
China tenant shocked by grisly past of home after stumbling upon TV crime show
An unsuspecting rental tenant in a modest property in China was shocked to discover from a short video that his home was the scene of a grisly murder 10 years ago.
The Third Plenum and China’s Economic Growth Challenges
Third Plenum highlights reforms for housing, fiscal policy, and addressing challenges, but lacks focus on stimulating consumption
China July non-manufacturing activity expands at slower pace
China’s non-manufacturing activity expanded more slowly in July, an official factory survey showed on Wednesday, pointing to slowing domestic demand for services and reinforcing how troubling a …
China’s factory activity contracts for third straight month
China’s manufacturing activity fell for a third consecutive month in July, according to an official survey, increasing pressure on policymakers to speed up stimulus measures to boost the world’s …
China’s Urban Investment Firms Get Little Built After Snapping Up Nearly Half of Land Auctioned in Last Few Years
(Yicai) July 30 — Urban investment and development companies, which are controlled by China’s local governments, secured the rights to develop nearly half of all the land plots offered at auction in …
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